Whether it’s breakthrough model releases, blockbuster investments or AI scaling across public services and the workplace, AI’s breakneck pace continues. These pivotal developments illustrate how AI’s impact and potential continues to reshape business, technology and society.
Artificial intelligence finds patterns in massive data sets and applies them to tasks like predictive modeling, weather forecasting and financial risk analysis, helping organizations save time, reduce costs and make better decisions. It also helps eliminate repetitive, manual tasks and frees employees to focus on higher value strategic and creative work.
The AI language model GPT-3, developed by OpenAI in 2020, has sparked and accelerated an AI boom and is widely used in chatbots like ChatGPT. GPT-3 has the capacity to create high-quality, human-like text and articulate answers in various domains of knowledge.
Other language models include PaLM by Google and LLaMA by Meta Platforms. These tools improve marketing and advertising efficiency by enabling brands to quickly create A/B tests, automated customer service, and compelling storytelling at scale.
AI is improving and transforming the way we live, work and play by reshaping business processes and enabling new products. It’s removing time-consuming, manual data entry and boosting productivity across industries from manufacturing to banking and investing. It’s delivering unprecedented accuracy in medical diagnostics, reshaping supply chains and lowering operational costs, and helping assess risks during due diligence. AI can also detect patterns and opportunities invisible to humans and improve existing technology, from smart security cameras and software to home appliances.