The article also discusses the impact of generative AI on the job market, with companies like IBM and PWC planning to replace thousands of jobs with AI. However, it also notes that there is little information on the jobs that could be created as a result of these new tools. The author concludes that while it's an exciting time for startups in the generative AI space, the rapid pace of development makes it difficult to predict what aspects of the technology will become commoditized.
Key takeaways:
- OpenAI has launched ChatGPT Enterprise, offering better data protection/privacy, more security, improved speed/performance and longer context windows. It has been adopted by over 80% of Fortune 500 companies.
- OpenAI has surpassed the $1 billion revenue pace over the next 12 months, with most of the company’s revenue coming from its enterprise clients.
- Google Cloud has announced a number of new generative AI features coming to its Cloud services, including Model Garden, a collection of 100 different models.
- Despite the growth and investment in the generative AI space, barriers to enterprise adoption still exist, including price, accuracy, copyright issues, pending regulation, and GPU shortage and availability.