ChatGPT May Reshape The World, the latest artificial intelligence software tool developed by OpenAI, has gained massive popularity since its launch in November 2022. The tool has become a hot topic among people and organizations who are eager to incorporate it into their businesses. With its potential to transform various industries, many are wondering how it will impact the global economy and society as a whole.

Sam Altman, the CEO of OpenAI, has raised concerns about the potential impact of AI on capitalism. He believes that AI could eventually “break capitalism” by shifting the balance of power in favor of capital, resulting in increased inequality. While this may seem like a distant possibility, the rapid pace of technological advancement makes it a relevant topic for discussion.

Who Owns Intelligence? 

Artificial intelligence has the potential to revolutionize the workplace, and Canadians who closely monitor the industry are concerned about its implications. According to Ajay Agarwal, a Canadian entrepreneur, and AI expert, the disruptive nature of AI could upend the workplace in a way that we have yet to see with previous innovations. However, Agarwal is confident that humans will continue to be in charge of AI.

The financial world has been quick to recognize the potential of AI, with executives from various industries such as banking, insurance, pharmaceuticals, and auto manufacturing seeking to understand how it will affect them. Ajay Agarwal’s book, “Power and Prediction: The Disruptive Economics of Artificial Intelligence,” provides valuable insights into the ways in which AI could impact these industries.

As per Google’s announcement, it is looking to invest in its own version of chatGPT, called Bard. This development indicates a growing interest in chatbot technology and its potential to revolutionize how we communicate.

The Chinese tech giant Baidu is also following suit and planning to launch its own chatbot, Ernie bot. With the increased competition in the chatbot market, companies are vying for a competitive edge and striving to create innovative products that meet consumer demands.

Microsoft’s Stake in chatGPT

Microsoft has recognized the potential of chatGPT and plans to leverage its stake to revamp its search engine, Bing. By doing so, it aims to give Google a run for its money and become a top competitor in the search engine market.

The Future of chatGPT

At present, chatGPT is freely available  to everyone. However, OpenAI, the company behind the technology, has announced that it will soon start charging a monthly fee of $20. While this may seem like a disadvantage, it is likely to enhance the quality of the service and provide a more personalized user experience.

Artificial intelligence has been making waves in recent years, with ChatGPT leading the charge. This AI language model has surprised not only the general public but also experts in the field. As innovations in AI continue to take place at a rapid pace, it’s becoming increasingly accessible to almost anyone, regardless of their computer skills. Let’s take a closer look at the implications of this technology, and what it means for the future.

A Smart Innovation ChatGPT

According to Karina Vols, a philosopher of cognitive science and artificial intelligence at the University of Toronto, the user-friendly accessibility of AI has been transformative. She compares the process of AI learning to building a jungle gym, with human users providing feedback and guidance. This user feedback is essential to train the software to perform like a human being.

However, there is a downside to this process. Human workers are being co-opted for profits without compensation, according to Vols. She believes that both our courts and policymakers are behind the curve in thinking about how best to manage and regulate these companies that are now larger than many countries.

New technologies have the potential to marginalize certain social groups, as history has demonstrated time and time again. Artificial intelligence is no exception. Gerald Grant at Carleton University’s Sprott School of Business in Ottawa argues that the ownership of AI may result in a wealth transfer from workers to businesses.

It’s crucial to examine the implications of these technologies, and what it means for the transfer of wealth and capital. However, in Canada, attempts to control online media can take time to fulfill. Calls for regulations need to be thoroughly examined before being put into action.