2023: the year AI entered the global stage
As the curtain falls on 2023, we look back at a year that saw artificial intelligence (AI) move out of research laboratories and onto the global stage. It’s a year that has seen AI become a major player, engaging in realistic conversations, coding and even writing poetry. However, amid these advances, the Tech3 newsletter highlights the importance of remaining vigilant about the potential pitfalls of AI. Predictions for the year ahead suggest that we are on the threshold of a pivotal phase in determining the trajectory of AI, indicating that 2023 was just the beginning of a larger journey.
The emergence of ethical AI
One of the notable developments of 2023 was the integration of ethics into the development of AI, heralding the advent of ethical AI. The intention was to shape technology that was not only intelligent, but also wise and ethical. In a recent video, Jon Fee, CMO of VettaFi, and Zeno Mercer, Senior Research Analyst, delved into AI’s performance throughout the year, which saw its deployment across various industries, including products and operations, and its growing footprint in consumer ecosystems. They also discussed the performance of the THNQ index, which rose 21% in the fourth quarter, after a slight decline in the third quarter, and the impact of ChatGPT on the index stocks.
Progress and challenges
AI has seen substantial progress in 2023, notably thanks to the success of generative systems such as Large Language Models (LLM) and ChatGPT. The year also saw the rise of several competing AI systems, such as Meta’s LLaMA, Anthropic’s Claude, Google’s Bard and Gemini, as well as numerous image, video and audio tools. However, this AI Spring has also highlighted challenges in areas such as policy, regulation, ethics, data protection, intellectual property and security. The popularity of OpenAI’s ChatGPT has led to a significant increase in revenue, but it has also brought concerns about responsible AI adoption and cybersecurity to the forefront.
Key AI Milestones
Notable milestones in the field of AI include OpenAI’s ChatGPT reaching 100 million monthly active users, the launch of AI chatbots by Microsoft and Google, OpenAI’s release of GPT 4, and the development of AI-powered robots for manufacturing and logistics. Furthermore, ethical AI initiatives have gained momentum and discussions on global AI governance should focus on international collaboration and policy discussions aimed at responsible and equitable development of AI worldwide.
The Tech3 newsletter thanks its readers for their commitment throughout the year and presents them with New Year’s wishes, promising to return with regular updates starting January 2, 2024. The newsletter also reveals a surprise: all The images featured in the edit were generated by AI, specifically credited to Bing Image Creator. The content encourages subscribers to continue their support by subscribing to Moneycontrol Pro Panorama for more in-depth analysis on various topics. The newsletter ends with a reminder of the exclusive benefits offered to subscribers, including access to detailed credit reports.
