Significantly to the growth of the company. There are intangible assets that every employer monitor and some examples is the knowledge and intellectual property provided by the employees as it may contribute These activities have grown to constitute a significant portion of all business growth in most industrialized nations. The capacity to profit on scientific discoveries, as well as fundamental and applied research, is specifically referred to as innovation. The AI genie is well and truly out of the bottle.When it comes to consumption and production, the knowledge economy refers to a system founded on intellectual capital. Equally, the far-reaching implications of this technology needed to be more widely understood. The sudden elevation of AI in the consciousness of customers, investors and the wider public inevitably brings with it hype and unrealistic expectations. It will be interesting to see how the other big AI investors such as Meta and Amazon respond also. Is there a stand-alone business case for doing so? Probably not, but Google may decide it cannot cede more mind-share to Microsoft in the IA PR race. Equally, there are unconfirmed reports that Google is preparing to offer open access to its Sparrow platform as a chatbot and Imagen text to image platforms as rivals to ChatGPT’s chatbot and DALL-E. The technology also needs to be deployed responsibly… a topic which Google touched on in a recent blog - Why we focus on AI (and to what end) (blog.google), in a tacit response to the ChatGPT hype. While the platform’s inevitable inaccuracies / mistakes can be amusing when in a freeware, open access platform, the consequences in a professional environment will be more serious. Microsoft does, ostensibly have a greater range of products which can be transformed than its peers, but OpenAI is unlikely to be the best fit for all of them. However, reports that Microsoft has trumped the competition are premature. The explosive growth in usage of ChatGPT has also raised speculation that it will be integrated into Bing, to challenge Google’s dominance in search. It has also been reported that Microsoft is considering integrating OpenAI’s chatbot into Word and Outlook in the 365 suite. The opportunities for Microsoft to leverage OpenAI are also many fold…the company has just announced general availability of the Azure OpenAI service, giving enterprise clients access to OpenAI’s models. Microsoft’s stake will certainly give it direct influence over product development. The proposed deal (and relationship which preceded it) has been hailed as a masterstroke in some quarters. Microsoft’s purported $10b investment (which would follow on from an initial $1bn investment in 2019) into the business is unconfirmed, but reports look well substantiated, including the innovate deal structure, detailed in a Fortune article: (1) Pete on Twitter: "From / " / Twitter. Is it also forcing the hand of big tech companies to accelerate AI investment and bring services to market. The explosion of OpenAI’s ChatGPT and DALL-E into the public’s consciousness has launched hundreds of thousands of AI scoping projects, challenged strategies and career choices. Never before has the transformative potential of a new technology become so apparent to so many, so quickly.
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