When OpenAI unchained the “beast” that is ChatGPT back in November 2022, the pace of market competition between tech companies involved in AI increased exponentially.
Market competition determines the price of goods and services, their quality and the speed of innovation – which has been remarkable in the AI industry. However, some experts believe we are deploying the most powerful technology in the world far too quickly.
This could hamper our ability to detect serious problems before they’ve caused damage, resulting in profound implications for society, particularly when we can’t anticipate the capabilities of something that may end up having the ability to train itself.
But AI is nothing new – and while ChatGPT may have taken many people by surprise, the seeds of the current commotion over this technology were laid years ago.
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