Summary
- A bombshell AI chatbot called ChatGBT was released last week, taking the Internet by storm.
- The bot is capable of writing poetry, doing your kids' homework, and solving complex programming problems.
- Venture capitalists on Twitter have gone so far as to say OpenAI and the GBT chatbot will put Google out of business.
- I say not so fast - what's being perceived as a threat for Google may actually be an opportunity.
- Some thematic ideas for investing in big tech.
“The machines have finally come for the white-collared, the college graduates, the decision makers. And it’s about time.
In 1997, chess master Garry Kasparov faced off against IBM's "Deep Blue" chess computer in New York City as millions followed online. Deep Blue won, effectively ending the era of man and ushering in the era of the machine. Today, you can download chess programs like Stockfish on your smartphone that will wipe the floor with the best chess players in the world. And now, the Internet is awash with speculation after the release of a bombshell AI chatbot from OpenAI. I've tested it out and it's scary good. The bot has gathered over 1 million users in less than a week (Instagram, for example, took about 3 months!). Prominent venture capitalists have issued stark predictions that AI could put Google (NASDAQ:GOOG) (NASDAQ:GOOGL) out of business. It feels a million miles away from the quiet Mediterranean town I'm currently writing this from, but having tried out the chatbot, there's an...
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