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OpenAI CTO says generative AI’s economic impact only starting

OpenAI CTO says generative AI’s economic impact only starting

Generative artificial intelligence is beginning to make a significant economic impact. According to Mira Maruti (Chief Technology Officer at OpenAI Inc., speaking at Singapore’s Asia Tech X conference via video), she highlighted that how the latest advancement in AI, particularly OpenAI’s GPT-4o model are transforming various industries.

The GPT-4o model by OpenAI, which assists the users in generating content such as text, presentations and videos is becoming more intuitive.

Maruti emphasized that people are using AI tools for various tasks such as coding, writing and more.

She said” We don’t quite realise the impact that this is going to have in businesses and at work because it is just starting. But what we’ve seen so far is that over a very short period of time, these AI systems have entered the work force as collaborators.”

OpenAI is not alone in the AI race. It faces intense competition from major tech players like Alphabet Inc. Google’s, Meta Platforms Inc. and Elon Musk’s xAI. But despite of this fierce competition, she views it positively, stating that it could drive higher standards for safety and innovation in AI development.

Maruti said” AI development is extremely competitive right now, competition can actually be really good as long as it’s a competition to the top safety and people don’t cut corners.”

As AI systems like GPT-4o becoming more prevalent, they are expected to act as a collaborators rather than mere tools. This shift could lead to more efficient workflows, enhanced productivity and new ways of tackling complex tasks.

More About Chat GPT

ChatGPT developed by OpenAI, excels in understanding and generating human-like text. It can help with various tasks such as drafting emails, creating content or generating code etc.

Businesses are increasingly integrating ChatGPT into their operations to automate routine tasks, improve customer engagement and to provide instant support.

Some Other Popular Tools And Uses

AI ToolUsage
Google AssistantVoice-activated personal assistant for tasks and queries
IBM WatsonAdvanced analytics and natural language processing
Microsoft Azure AICloud-based AI services for building and deploying AI solutions
Hugging Face TransformersNatural language processing and model deployment
TensorFlowOpen-source platform for machine learning model development
KerasUser-friendly neural network library for fast prototyping
RapidMinerData science and machine learning platform
Salesforce EinsteinAI-powered CRM analytics and predictive insights
Adobe SenseiAI-driven enhancements for creative and marketing tasks
DataRobotAutomated machine learning platform for building predictive models
OpenAI CodexAI-powered code generation and assistance for developers
Amazon RekognitionImage and video analysis for identifying objects, faces, and activities
ChatGPTConversational AI for generating human-like text responses
GrammarlyAI-powered writing assistant for grammar and style checks
H2O.aiOpen-source machine learning and predictive analytics platform
list of AI tools

Source: moneycontrol.com

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