In November 30, 2022, OpenAI launched a new product called ChatGPT, claiming that it can interact with users in a conversational way. This seemingly ordinary product has triggered significant changes in the business and technology fields, quickly attracting a large number of users, and it still remains at the top of Apple's free apps. The launch of ChatGPT not only brought about a surge of generative AI products, but also made people full of expectations and concerns about the potential of artificial intelligence.
In a recent interview, Karen Hao, the author of "The AI Empire," stated that OpenAI's influence has exceeded many countries, reshaping global geopolitics and our way of life. At the same time, commentator Charlie Warzel mentioned in The Atlantic that we are living in a "world built by ChatGPT," which is full of uncertainty, especially the pressure felt by the younger generation facing changes in the job market.
Despite differing views on the future of AI, many people still hope to profit from it. Warzel pointed out that although supporters and investors of AI are waiting for results, they also realize that the nature of generative AI is constantly changing and evolving.
Bloomberg's report focused on the impact of ChatGPT on the stock market. Since the launch of ChatGPT, Nvidia's stock has risen by 979%, and major technology companies related to AI have also benefited from market enthusiasm. Now, seven of the most valuable companies in the S&P 500 index (including Nvidia, Microsoft, Apple, Google, Amazon, Meta, and Broadcom) account for nearly half of the growth, and their market capitalization makes up 35% in market-weighted terms, compared to only 20% three years ago.
However, discussions about how long this growth will last are intensifying. Sam Altman, CEO of OpenAI, mentioned during a dinner with journalists that the AI industry may be in a bubble, while Bret Taylor, CEO of Sierra, compared the situation to the internet bubble in the late 1990s. Although some individual companies may fail, Taylor still believes that AI will transform the economy and create significant economic value in the future.
Over the next three years, we may find out whether these optimistic expectations come true.
Key Points:
💡 Since its launch, ChatGPT has rapidly changed the landscape of business and technology, becoming the top app on Apple.
📈 Companies related to AI have seen a significant increase in market value, with Nvidia's stock rising almost 1000% after its launch.
🤔 Despite the rise of the AI trend, the industry still expresses concerns about the stability of the future market, possibly in a bubble phase.
