Google makes massive investments into ChatGPT competitor đź’°
ChatGPT reached 1 million users in just 5 days and that scared the absolute bajeebus out of tech-giants like Google.
https://www.reddit.com/r/dataisbeautiful/comments/10ef3pa/oc_chatgpt_breaks_records/
ChatGPT, the scary smart chatbot built by Open AI that can do anything from inventing new cocktail recipes to debug your code, reached 1 million users in just 5 days and that scared the absolute bajeebus out of tech-giants like Google.
Google has long been at the forefront of investment in AI. Many of the most advanced models, if not built by Google, are hosted on their cloud services and trained using the TPU computer chips they invented specifically for deep-learning tasks.
And yet somehow OpenAI was able to leap-frog them completely, at least in one domain, when they launched ChatGPT.
The fact a well-funded startup was able to build a great Chat Bot is not what scares Google though.
What scares Google is the number of people who are starting to use ChatGPT instead of Google Search.
What’s more, AI-generated content could put Google’s entire search empire at risk if the internet gets flooded with bad information that it can’t reliably discern from factual content.
For both these reasons, Google has recently announced two huge investments into the competition.
$400 Million Dollar Investment in Anthropic
Three days ago Google announced that they invested almost $400 million in Anthropic, an AI startup that’s testing a competitor to OpenAI’s ChatGPT.
The two companies announced a partnership where Anthropic will use Google’s cloud computing services.
This partnership gives Google access to advanced AI systems and Anthropic access to funding and cloud computing resources from Google.
It’s now clear that this was just a warm up for Google second announcement yesterday…
Bard: Google’s ChatGPT Competitor
CEO Sundar Pichai announced Bard in a blog post and said that it combines the world’s knowledge with the power and creativity of Google’s language models.
Google says AI is coming to search in the form of features that synthesize insights for questions where there is no one right answer.
However, there are questions about how Bard processes and packages information, and how sponsored results will be incorporated into the AI framework.
Remember: Google makes its money from Ads. Every technology it develops or product it launches will always reduce to getting more eyeballs on more sponsored content.
Predictions đź”®
- Expect the other big tech giants to launch their own chat-bots in the coming weeks and months. It’s only a matter of time until we hear from Facebook, Amazon, Microsoft, and Apple about their own versions of ChatGPT.
- The winners will be the integrators. A tech giant’s biggest advantage is its existing platform and user base. Imagine a 9000 IQ Microsoft Clippy who can write the first draft of a memo for you or a version of Amazon Alexa who can do more than re-order the wrong brand of toilet paper.
Your next million-dollar ideas 🤑
There are dozens of products being launched every day on the back of ChatGPT and similar services.
Remember: in any gold rush there’s a guy getting rich selling shovels.
Here are three shovel-selling ideas that could make you your next million:
- Become a data dealer: Every business that wants to build its own chatbot will need industry-specific data to train it on. You find the data, human-verify and annotate it, and sell it to the business. Then stick it in your archive and re-sell it to every other business in the same industry.
- Build the Chat-GPT for internal documentation. Create a platform that lets any business process all its own documentation: every Kanban board, Notion page, and shared Google doc. Now every employee has their own mentor/executive assistant.
- Sell a prompt library. One of the hardest parts of getting what you want out of a Chatbot is figuring out how to ask. Search Twitter and Reddit for posts that start with “how do I get ChatGPT to do X”, then create a library of prompts that do exactly those tasks. Sell access to the library, or make it free and sell ads.
