Davos 2023: What Silicon Valley CEOs are saying about ChatGPT-like AI at the World Economic Forum

Davos 2023: What Silicon Valley CEOs are saying about ChatGPT-like AI at the World Economic Forum

Davos 2023: What Silicon Valley CEOs are saying about ChatGPT-like AI at the World Economic Forum

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Business giants who roam the alpine snow can’t help but talk about a chatbot from San Francisco. Generative artificial intelligence, a technology that can invent virtually any content someone can imagine and type into a text box, is not only driving venture capital investment in Silicon Valley, but also interest in Davos at the annual meeting of the World Economic Forum this week.


The category definition is ChatGPT, a chatbot the startup called OpenAI released in November. The technology works by learning from large amounts of data how to respond to any prompt from a user in a human-like manner, offering information like a search engine or prose like an aspiring novelist.

Leaders have launched far-reaching applications for the fledgling technology, ranging from use as a programming assistant to stepping forward in the global race for AI and military supremacy.

Conference attendees with a major interest in developing the technology include Microsoft, whose chief executive, Satya Nadella, speaks in Davos on Tuesday and Wednesday.

Microsoft has a $1 billion (about Rs 8,200 crore) investment in San Francisco-based OpenAI, which it plans to increase, Reuters reported. In an announcement that coincided with the conference, Microsoft announced plans to market ChatGPT to its cloud computing customers.

Later Tuesday, the political sphere manages to weigh on the craze. French politician Jean-Noël Barrot was planning to participate in a roundtable with a Sony Group executive on the impact of technology.

Matthew Prince, CEO of Cloudflare, a company that defends websites against cyberattacks and offers other cloud services, considers generative AI good enough to be a junior programmer or a “really good idea partner.”

In an interview, Prince said that Cloudflare uses this technology to write code on its Workers platform. Cloudflare is also exploring how this technology can respond more quickly to requests from its free-tier customers as well, he said on the sidelines of the annual meeting.

Alex Karp, CEO of Palantir Technologies, a software provider that helps governments visualize an army’s movements or companies monitor their supply chains, among other tasks, said such AI could have military applications. .

Karp told Reuters in Davos: “The idea that an autonomous thing can generate results is fundamentally obviously useful for warfare.”

Whichever country advances fastest in AI capabilities “is going to set the law of the land,” Karp said, adding that it’s worth asking how the technology would play a role in any conflict with China.

Companies such as CarMax have already used technology from Microsoft and OpenAI, for example to generate thousands of customer review summaries when marketing used vehicles. The proposed venture capital investment has also exceeded what some startups want to take.

Such buzz crossed the rallies in Davos, such as talk of a slide-generating bot dubbed ChatBCG after the management consulting firm. The service said on its website that it had too many requests to continue operating.

Generative AI is “a game-changer that society and industry must be ready for,” said a post on the World Economic Forum’s website.

© Thomson Reuters 2023

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