The recent trend of natural language processing (N.L.P.) has opened up new avenues for computation that enable machines to understand and interact with humans in more meaningful ways. One particular area of this burgeoning field is the chatbot, a software application designed to simulate human conversation.
ChatGPT has been one of the leading chatbot solutions since its launch. Still, recently, it’s faced stiff competition from several other contenders looking to disrupt the market by providing better performance at a lower cost.
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Two months ago, OpenAI made the revolutionary move of introducing ChatGPT to the world. This sparked a conversation about how it could revolutionize business, education, and beyond sectors. Microsoft even showed its support by investing $10 billion in OpenAI.
Google and Baidu, the Chinese technology giant, have revealed their chatbots to prove that their work in generative Artificial Intelligence is equally good for everyday use. This technology can produce conversational text, images, and more.
Meet Bard, Google’s forthcoming chatbot. Before releasing it to the public, Google will run a private trial of the service.
The success of ChatGPT has prompted Google to take rapid action with the development of its Artificial Intelligence-based products, as this technology has been in testing for several months.
In an internal memo reviewed by CNBC, Sundar Pichai, the Chief Executive of Google, declared that Bard is a very important task. He added, “in the coming week, we will ask all our employees to get involved in designing and testing out Bard through a special company-wide dogfood.” The phrase ‘dogfood’ is a technical term used for the internal testing of products.
And meet Ernie, Baidu’s offering. Baidu has been developing the technology underpinning the chatbot since 2019.
Baidu says:
“Enhanced Representation through Knowledge Integration.”
Baidu, a Chinese tech firm, claimed that Ernie is based on an A.I. that draws from vast amounts of information, making it more helpful. In response to the announcement, Baidu’s stock value rose 13 percent to its peak in roughly twelve months.
Other companies aren’t standing still. Microsoft is set to reveal something on Tuesday regarding ChatGPT, with Sam Altman from OpenAI present. Furthermore, Meta, the parent company of Facebook, is working on how to make its capabilities in generative A.I. more evident despite receiving heavy criticism for earlier products it had released.
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The F.T.C. won’t keep fighting a Meta deal in federal court. The F.T.C. stated they would not dispute the court’s dismissal of its case against Meta, which accused them of eliminating prospective competition by acquiring a virtual-reality start-up. The decision was a setback to the Big Tech crackdown. However, the agency noted that the judge had not invalidated their argument behind suing Meta, and this same reasoning could be evaluated in other cases.
SoftBank loses nearly $6 billion from investments. SoftBank, a Japanese tech giant, recently reported a quarterly loss of 5.9 billion dollars due to consistent losses in its Vision Funds and other investment funds. This announcement was the first presentation after the company’s founder, Masa Son, stepped down from his position.
B.P. dials back its green transition plans. The British behemoth reported its highest-ever annual income. It stated that by 2030, its oil and gas output would have decreased by 25 percent compared to 2019, far less than the 40 percent reduction initially promised.
The most recent indication that energy prices are increasing significantly is leading oil companies to continue extracting fossil fuels instead of shifting their attention to renewable energy sources.
Disney nears a compromise with Florida over its special tax zone. Gov. Ron DeSantis has proposed a bill in which he would have the right to appoint all five board members of a system that permits Disney World to tax itself for services like water, roads, and firefighting. This comes after the incident regarding the Don’t Say Gay bill in Florida.
All in all, the competition of ChatGPT is not bad for people who want to use a tool for conversation automation. The increased competition will ensure that people continue to get the best possible experience out of these tools. The bonus of more features from competing providers may also inspire more innovation from ChatGPT as it seeks to stay competitive in an ever-changing market.
Source: nytimes.com
