AI: Act, Don't Hesitate
SAP News, Monday, January 15th, 2024
Artificial intelligence (AI) is here, whether we like it or not. In my opinion, the rapid rise of generative AI can be attributed to three factors:
> Firstly, technological progress, as improved AI architectures and available data have enabled models to perform impressively.
> Secondly, an economic effect as successful platforms of the past, such as the Internet and the cloud, experienced breakthroughs when marginal costs approached zero. That was the birth of platform innovation. In the case of the Internet, for example, the cost of distributing increasing amounts of content approached zero. When it comes to content creation, we are also seeing the same thing now with generative AI. Therefore, AI is not just hype, but an innovation platform.
> Thirdly, we are witnessing a growing social acceptance. Generative AI was brought into the consciousness of the general public as millions of users suddenly gained access, seemingly overnight, to language models like ChatGPT and tried them out for themselves.