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    Home»Crypto»Microsoft-backed AI tools replace cryptocurrencies as hot tech topic at Davos
    Crypto

    Microsoft-backed AI tools replace cryptocurrencies as hot tech topic at Davos

    admin1By admin1January 20, 20235 Mins Read
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    The OpenAI logo on screen with the ChatGPT website displayed on mobile shown in this image held in Brussels, Belgium on December 12, 2022.

    Jonathan Lah | Nafoto | Getty Images

    Attendees at the annual World Economic Forum failed to fully grasp a new development in the field of artificial intelligence: generative AI.

    Priya Lakhani, CEO of online learning platform Century, said educators flocked to social media shortly after ChatGPT announced about AI and its impact on the education sector.

    Speaking at a WEF panel discussing the possibilities and pitfalls of generative AI, Lakhani said:

    “They are overcoming post-pandemic digital fatigue, they are interested in technology, they are using learning management systems and virtual learning environments, and they are thinking about how this can be used and how it can be used. Use it as an enabler for different contacts.”

    Most machine learning tools rely on existing information to identify patterns in data to extract trends or reach desired results.Recommendation algorithms in social apps such as Facebook TikTok serves ads based on your browsing behavior.

    Generative AI tools like ChatGPT and Dall-E stand out due to their ability to take data input and create new content. People have used this technology to create everything from college essays to works of art.

    Using services like Lensa AI to turn selfies into various sci-fi and anime-inspired avatars has also become popular.

    Generative AI will have a big impact on how children learn, Lakhani said, adding that the technology also raises the risk of cheating and plagiarism.

    “Then there are absolutely terrified skeptics, right?” she said. “They’re scared because they think they’re going to cheat on their homework. It affects the real world.”

    Is AI the New Crypto?

    Generative AI at the WEF Forum in Davos, Switzerland, this week It has effectively replaced cryptocurrencies and the so-called “Web3” to become the hyped technology of choice for executives and policy makers.

    Crypto firms took over at last year’s Davos meeting, but since the 2022 market cleanup, they haven’t often attended the conference with flashy storefronts — except for the lone flashy orange bitcoin car. hand.

    “Generative AI has huge potential.

    “This is not something that happens suddenly. Deep learning has a long history,” Kitano said. “This is like a continuous evolution of AI capabilities.”

    microsoft They are reportedly betting billions of dollars on generative AI in the hope that it will transform their business and others. Last week, news site Semafor reported that he invested $10 billion in OpenAI, the company that created his ChatGPT, and planned a deal that would value the company at $29 billion.

    Microsoft had already invested $1 billion in Open AI, founded in 2015 by tech entrepreneurs Elon Musk and Sam Altman.

    Not everyone is convinced that generative AI will suddenly put billions on the move.

    Jim Breyer, founder and CEO of Breyer Capital, says Microsoft’s investment in Open AI is good for the company from a strategic perspective, but Redmond tech giant is overpaying I believe.

    Breyer told CNBC’s Sarah Eisen on Thursday, “It’s a sign of bubbling. It’s a strategic deal for Microsoft that will soon catch up with the likes of Google.”

    Breyer Capital's Jim Breyer on Meta: The Next 24 Months Will See a Big Recovery

    “But I can’t justify the valuation as a private investor.”

    Microsoft’s multi-billion dollar bet

    It’s easy to see why Microsoft is excited. ChatGPT demonstrates its ability to come up with more creative answers to user queries than tools that generate mostly generic responses.

    For example, consider someone who wants to know what to do for their child’s birthday party. ChatGPT can help you plan your day, including advice on what kind of cake to buy and what games to play.

    In that sense, ChatGPT is Google Instead of turning to search engine pioneers, they are disruptors users can rely on. The chatbot’s novel response has even raised questions as to whether its streamlined process could prove human-like cognition.

    Altman acknowledges ChatGPT’s limitations. Tweet In December, he said, “It was a mistake to rely on it for things that matter now.”

    “ChatGPT is incredibly limited, but it has enough features to give the misleading impression of excellence,” Altman said at the time.

    Read more about CNBC Pro tech and crypto

    ChatGPT limitations include factual errors. Sony’s Kitano said it’s also important to be aware of these limitations.

    “At the same time, we see a number of limitations. Asking certain questions to ChatGPT can sometimes yield impressive answers. he said.

    “When you go back and open your PC and ask about yourself, you’re like, ‘Oops, I don’t know this,’ and you see all sorts of things going on there.”

    Addressing the dark side of AI

    Without directly confirming the investment on Tuesday, Microsoft head Brad Smith said generation tools like ChatGPT have already sparked debate over legal and ethical issues.

    “What we really need to start imagining is how can we use this technology? How can we use it and how can we create challenges?” Smith said. said at a panel moderated by CNBC’s Karen Tso on Tuesday.

    One concern is that generative AI could become a desirable weapon for hackers and malicious actors such as online disinformation operatives.

    According to researchers at cybersecurity firm Check Point, ChatGPT is Hackers are already using it to reproduce common malware strains.

    “It could become a more relevant topic as people think about the future of information, the manipulation of potential influence, the creation of disinformation, and the fight against it,” Smith said.





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