Christopher Mills argues that search bots are becoming increasingly important for big tech companies, with AI that powers them constantly getting better at understanding and responding to users’ needs.
Maintaining the performance of complex AI systems requires huge financial resources are needed.
This arms race is only going to heat up in the coming years, as the big tech companies pour more resources into making their search bots better.
The Trust Project is a worldwide group of news organizations working to establish transparency standards.
The big tech companies are only going to get more powerful thanks to search bots, says Christopher Mills. That’s because the artificial intelligence (AI) that powers these bots is only getting better and better at understanding and responding to users’ needs.
This is huge since search bots is one of the most important tools the big tech companies have for keeping users engaged with their products and services.
|Recommended post: 10 Best AI Plugins for Figma to Help Designers Create Better Graphics|
Now the main problem with search chatbots is the generation of unverified information. After a while, it may play into the hands of big technology companies. Why? Maintaining the performance of complex AI systems and providing constant training requires huge financial resources—we’re talking tens or even hundreds of millions of dollars. Only Google, Microsoft, and other big players can afford such spending.
The main task for the creators of AI solutions in the near future is to achieve user trust. There should be no doubt on client’s mind as to whether the chatbot has provided correct information. In order to avoid creating fake news and providing users with false information, not only money is needed but also a whole host of employees who would test and “tweak” artificial intelligence as needed. These factors are likely to only strengthen the position of big tech in the economy and in the world as a whole.
Mills’ arguments are indirectly confirmed by the example of Open AI: For the sake of its own development, a startup passed the bot under the control of Microsoft and will give away 75% of its revenue in the coming years.
The better the search bot, the more likely users are to keep using the product or service. And the big tech companies are well aware of this. “The search bot is becoming more and more important for the big tech companies,” said Mills.
This arms race is only going to heat up in the coming years, as the big tech companies pour more and more resources into making their search bots better. And, as always, that’s bad news for the rest of us.
|Recommended post: 100 Best ChatGPT Prompts to Unleash AI’s Potential|
So what can we do about it? Unfortunately, not much. The best we can do is to be aware of the problem and to try to use other, less-centralized search tools when we can.
- The cost of training large AI models is expected to rise from $100 million to $500 million by 2030, meaning that only the wealthiest companies and individuals will be able to afford it. This has a number of implications for the future development of AI, such as a concentration of AI development in the hands of a few large companies and a divide between those who can afford to use AI technologies. It could also lead to the development of AI technologies that only benefit the wealthy and further exacerbate inequality. The cost of training machine learning models has been steadily rising, driven by the need for more data and more computing power.
- Google is reportedly testing its own artificial intelligence (AI) products as it races to capture its portion of the AI market share. One of these products, Bard, is based on the company’s LaMDA (Language Model for Dialogue Applications) technology and functions similarly to ChatGPT.
- In 2023, Microsoft and Google will be locked in a titanic battle over artificial intelligence (AI). Microsoft has invested heavily in AI and is working on a new chatbot with OpenAI, which is taking the internet by storm. While Google is still the leader in web search, many users dislike numerous advertisements and spam links that pop up in search results. ChatGPT is a new player in the market that is able to find information faster and more accurately than Google without the need for users to trawl through hundreds of spammy and ad-filled pages. This could lead to Google becoming less relevant and less important in the world of search engines as users switch to using ChatGPT as their primary source of information.
Read more news about AI:
Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.