How ChatGPT changed the world of tech in just one year

The past year has been extremely eventful for OpenAI. Just in the past few weeks, the company has managed to survive an attempted coup, in which the company’s co-founder and CEO, Sam Altman, was sacked and then rehired after facing resistance from employees and prominent investors such as Microsoft (MSFT). In addition, that is not even the most fascinating aspect of the narrative either.

Exactly one year ago tomorrow, OpenAI’s ChatGPT, which is driven by generative artificial intelligence, was released on the internet. It quickly became one of the most rapidly growing applications in the history of the world, and it sparked an AI gold rush that continues to ripple throughout the technology sector and beyond.

Several companies, including Google (GOOG, GOOGL) and Microsoft, which is an investor in OpenAI, as well as Amazon (AMZN) and Meta (META), are competing with one another to develop their very own software platforms that are powered by generative artificial intelligence.

As a result of the explosion in artificial intelligence (AI), Nvidia, which is the leading AI chip developer in the world, has once again become the most popular semiconductor company on the planet. The stock of Nvidia has increased by more than 200% so far this year. While this is going on, Intel (INTC) and AMD (AMD) have both increased by 67% and 90%, respectively.

“We all understand that ChatGPT was a critical inflection point in the history of artificial intelligence, despite the fact that it’s only been a year since its initial release,” Rishi Bommasani, the societal lead at Stanford’s Center for Research on Foundation Models, said in an interview with Yahoo Finance.

However, ChatGPT and generative AI in general have brought up concerns over the rights to collect and use data, as well as the possibility of generating and disseminating false information through the use of photographs and videos.

“While [generative AI] tools are empowering us in so many ways, with so many different kinds of superpowers, it is interesting to consider that the same tools can also apply to what supervillains want to do,” explained Daniela Rus, director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at the Massachusetts Institute of Technology (MIT). It is therefore necessary for us to consider the safeguards that we need to establish before the deployment of the instruments to guarantee that the utilization will be of a high quality.