2022 is a milestone year for Artificial Intelligence (AI). It’s the year when AI technologies, once exclusive to major tech firms, became available to anyone with a computer and an internet connection. ChatGPT and Stable Diffusion are two examples of the potential of AI applications to become part of people’s everyday lives, making it one of the most significant tech breakthroughs since the iPhone.
Large tech companies like Google and Microsoft are hoping to capitalize on AI’s popularity, while startups are also vying for a share of the market. It is hard to guess what sort of impact this technology will have or how profitable it will be in the long run. However, one thing is certain: AI is now within reach of the masses, ushering in a new era of digital innovation.
AI will revolutionize the way we create and access data. Creativity in both visual and written forms will expand, much like the internet enabled anyone to share content. ChatGPT will make it simpler for anyone to become a poet, author, or artist without replacing existing writers and artists. Instead, this technology will give those with limited resources the opportunity to tap into their creative side and provide a boost to existing creatives.
As technology advances, knowledge workers, such as programmers, copywriters, and others, may be substantially affected. Until now, these professions have been largely unaffected by computerization and globalization. However, AI has the potential to make them redundant.
The accessibility of AI technology has the potential to level the playing field between small companies and large tech monopolies. However, AI could also increase the size and power of these behemoths if not carefully managed. We could see a repeat of the past, where a few companies reap the majority of the rewards of the technology. To combat this, organizations are working to ensure that the advantages of AI are distributed evenly. Stable Diffusion, EleutherAI and Neeva are just a few examples of groups dedicated to this purpose, and their services can help to prevent the control of technology from being limited to a select few.
The rapidly evolving AI landscape is full of uncertainty. Over the coming year, we can expect to see corporate competition, consolidation, and division among AI-model players such as OpenAI, Anthropic, Cohere, and AI21. This will likely lead to large acquisitions and investments from big companies in order to build their own AI technology. This will be a critical time for products, services, and businesses as they seek to keep up with the changes in the AI space.
Small organizations looking to leverage AI must develop a strategy to determine if they should invest in technology or build a sustainable business based on foundational API providers. At Neeva, we are strong believers in owning our technology. Companies that rely on APIs to create end-user solutions, such as Jasper and Copy.AI, might be at risk if foundation model players take away their access to data, enter the field, or charge excessive fees for using the data. Additionally, services that focus on optimizing corporate efficiencies, like SalesForce, ServiceNow, and UIPath, could find themselves losing customers due to the risk of automation.