CIOInsider India Magazine
Impact of New Generation AI Chatbots Across Industries
Many people claimed that Google's days as the top search engine were numbered when ChatGPT came into light because of its capacity to simplify complex issues and explain things in a human-like manner. Although arguable, ChatGPT's influence on the sector cannot be neglected. Microsoft is not only pulling out all the stops in terms of investment, but it also has plans to incorporate ChatGPT into its products after realizing the technology's limitless potential.
Google Ups the Ante against ChatGPT
Where Google serves up a list of internet links in response to your queries, ChatGPT goes the extra mile in providing information in clear, simple sentences that are much easier to understand. Add to that the ability to generate content from scratch. While there’s still plenty of room for improvement, the technology's potential has got Google on edge. The company reportedly declared a code red, fearing that the AI chatbot could disrupt its search business.
According to reports, to combat the threat posed by AI, Google has enlisted the assistance of its founders, Larry Page and Sergey Brin. According to reports, the pair has approved proposals and ideas to give Google chatbot features. They also guided business executives who were changing preexisting plans and increasing investment in AI development. The company intends to introduce more than 20 new artificial intelligence products, including a chatbot-enabled Google.
Google will be one of many to employ chatbots in search, even though the idea is innovative. Even though both You.com and NeevaAI are still in the beta testing stage, they have already beaten Google in this competition. Google, the market leader in search engines with billions of users today, is unlikely to deploy the technology until it is more confident in its accuracy.
This is demonstrated by the fact that Google has been experimenting with language model technology as part of their LaMDA (Language Model for Dialogue Applications) project for several years now, albeit in a less showy way.
Microsoft Pours More Money into AI and ChatGPT
Microsoft and ChatGPT have a less antagonistic relationship. The Redmond-based business invested $1 billion in 2019 and another $2 billion over the following years in OpenAI, which created ChatGPT. The enormous amount of computer power OpenAI required to develop the chatbot was purchased for $3 billion. The business most recently disclosed that it will invest an additional $10 billion over the years. The statement was made less than a week after the business said it fired 10,000 employees due to the weak economy.
Microsoft is finally in a position to compete against major tech giants like Google, Amazon, and Apple because of the ChatGPT edge. In an effort to lure customers away from Google, the corporation is getting ready to integrate the chatbot into its Bing search engine. Currently, Bing has a very small market share compared to Google, and Microsoft appears to be placing a significant bet on the chatbot integration. Even though there is still a long way to go until ChatGPT is considered trustworthy enough, the feature might be released over the next several months. Therefore, the initial release might only be available to a certain number of users. Microsoft also announced that ChatGPT would soon be a part of its cloud-based Azure service.
Baidu to Launch AI Chatbot for its Search Engine
Microsoft, Google, and Baidu, the dominant search engine in China, are all trying to release their AI chatbots in what may be a race to establish the foundation for the search engines of the future. According to a Sunday Bloomberg article, Baidu is developing a native search engine application in the ChatGPT format. Starting in March, this will become available. With the technology, users of Baidu will receive responses to queries similar to those produced by ChatGPT. According to Bloomberg's source, the tool will reportedly be created using ERNIE, Baidu's proprietary Large Language Model. Because of the secrecy surrounding ERNIE's capabilities, little is known about it at the moment.
ChatGPT’s Application in Other Industries
To give patients a convenient and individualized healthcare experience, ChatGPT can be used in the healthcare industry. For instance, it could be used to deliver information on medical treatments, give advice on preventive measures and lifestyle changes, or provide simple medical answers. Additionally, it might be utilized to deliver telemedicine services like online doctor consultations. Personalized health and wellness advice might also be given to people using ChatGPT, enabling them to understand their health better and make wiser decisions.
Travelers may rapidly get information about their destination and maximize their journey using Chat GPT. Travelers can use Chat GPT to ask inquiries in everyday language and get precise, rapid responses
To keep pupils organized and on track with their studies, ChatGPT can be used in the educational sector. The chatbot can remind students of future projects, tests, and other significant academic deadlines. Additionally, ChatGPT may offer students individualized support and counseling to help them comprehend difficult concepts and give them additional practice and study recommendations. Lastly, teachers can utilize ChatGPT to stay organized, monitor student progress, and give feedback on students' performance.
A natural language processing technology called ChatGPT, also known as the Generative Pre-Trained Transformer, is able to comprehend, produce, and translate the human language. The travel and tourism sector could transform because of this technology. Travelers may rapidly get information about their destination and maximize their journey using ChatGPT. Travelers can use Chat GPT to ask inquiries in everyday language and get precise, rapid responses. It can give you information about tourist destinations, dining establishments, transportation, currency exchange, and more in just a few seconds.
