In the tale of 2023, Artificial Intelligence stole the spotlight, boasting numbers that whispered promises, stirred fears, and painted a vivid portrait of tech's love affair with the future.
2023, the year when Artificial Intelligence (AI ) stepped into the limelight, becoming some sort of tech rock star. It wasn't just a buzzword; it was a global obsession, making waves across every industry, including finance.
Here are the numbers that unravel this techno-drama:
ChatGPT - From Millions to Billions of Conversations
ChatGPT stormed onto the scene, charming a million users within its first five days. Fast forward a year, and it's the weekly chat companion for a staggering 100 million people. The API? Well, it's got 2 million developers in its entourage, including the big shots from Fortune 500 companies.
100 million weekly active users now on ChatGPT according to @sama pic.twitter.com/TRL6tclP6a
— Emily Chang (@emilychangtv) November 6, 2023
Nvidia's $1.2 Trillion Odyssey
Nvidia, the king of GPU silicon, saw their market cap hit a cool $1 trillion in May, before soaring to $1.2 trillion toward the end of the year. Why? Tech companies, big and small, swarmed like moths to the AI flame. And AI needs GPUs…
Hardware is hard, but when it works... it REALLY works.
— Christian Keil (@pronounced_kyle) September 1, 2023
• Apple: 40 years to $1 trillion market cap
• NVIDIA: 20 years to $1 trillion
• Tesla: 17 years to $500 billion
• SpaceX: 21 years to $150 billion pic.twitter.com/TjAoGx7B4U
15 Tech Companies Stand with Biden
15 tech companies signed up to the Biden administration's AI safeguards bill. Voluntarily pledging to advance AI safely, these major players will make sure that the tech is developed in a safe, secure manner.
Amazon, Google, Meta, Microsoft and other technology companies that are leading the development of artificial intelligence technology have agreed to meet a set of AI safeguards brokered by President Joe Biden's administration. https://t.co/v2sp5hoMtm
— The Associated Press (@AP) July 21, 2023
Microsoft Drops $10 Billion
Microsoft, not one to miss the AI after-party, threw $10 billion on the table for OpenAI, adding to the $3 billion it tossed in earlier. It's not just an investment; it's a high-stakes bet on the future of intelligence, a gamble with AI's wild cards.
Microsoft invested $10 billion into the creator of OpenAI
— Genevieve Roch-Decter, CFA (@GRDecter) February 10, 2023
But Bill isn't being biased here pic.twitter.com/DrKUKnA5Xr
Mistral's Seed Shower
In the world of startups, Mistral emerges as a star, raising a jaw-dropping $113.5 million seed round a mere month after its launch. Before a product? Who cares? It's the biggest seed round ever recorded in Europe, proving that sometimes, dreams can be bought “on plan”.
Mistral’s seed round—a term referring to a company’s first official equity funding—was the biggest ever recorded in Europe, according to data from https://t.co/1ZGl2UZT65, which tracks private investments in startups. https://t.co/Z5seaiRPNU pic.twitter.com/SmLm3HsNgN
— FORTUNE (@FortuneMagazine) June 17, 2023
Amazon and Google Jump In
Amazon and Google took to the stage, spending $6 billion for Anthropic, OpenAI's formidable rival. It's not just an investment; it's clear intent to compete. Hmmm. OpenAI was valued at $80 billion in October.
With Amazon's investment this now makes $6 billion flowing into Anthropic's war chest in the last two months. pic.twitter.com/MH9gvo1gbi
— Andrew Curran (@AndrewCurran_) October 27, 2023
Business Hype vs. Reality
Despite the hype at S&P 500 earnings calls, business adoption of AI stands at a mere 3.8%. It's the business world taking a long, careful look.
Altman's 4-Day Drama
Sam Altman, for so many figurehead of AI, pulled off a CEO merry-go-round in just four days. Fired and rehired, it was certainly a quick bit of boardroom drama. Well, it’s all settled now, so let’s see what the future holds.
2023 was just the start, who knows where we'll end up.
