Even though many technology firms find it hard to cope with the increasing cost of borrowing, AI-based startups have been doing quite well. Interest rates have not been an issue as they continue to experience growth and success.
Stability AI, the company that has pioneered Stable Diffusion image generation and is reportedly in conversations to raise capital at a valuation of $4 billion, has become popular.
OpenAI’s recent $10 billion infusion has caused a stir, with several major financial deals since then, including the ongoing talks involving Stability AI.
Is the AI industry in a bubble? At a conference on Thursday, Stability AI’s Chief Executive Officer Emad Mostaque addressed this question. Mostaque suggested that, due to the high-dollar values of AI technology, there could be potential for such a bubble – though he stopped short of definitively declaring it so.
Emad Mostaque says:
“Of course not.”
“This is bigger than 5G or self-driving cars.”
The claim that GPT-4 is the best therapist raises more questions than answers, highlighting the need for ongoing research, dialogue, and collaboration between AI developers, mental health professionals, and patients. By working together, we can explore the potential of AI in mental health treatment while ensuring that it is used to support, rather than replace, human care and compassion.
Source: bloomberg.com
