For generative AI and ChatGPT, the hunt for profits begins – Axios

The generative AI revolution will be monetized, but nobody can yet say exactly how.

The big picture: It seems logical that if AI can conduct conversations and produce images, companies will figure out how to use it to build revenue and profits — but there’s no guarantee, and the technology could also become a money sink for early adopters.

What’s happening: In the short to medium term, the winners will likely be the owners of the foundational AI models — like Microsoft and OpenAI — who can charge others to use them for experiments and new applications.

• If those experiments in applying generative AI’s capabilities to specific commercial problems and consumer desires succeed, then we might see broader new businesses emerge built on tech’s two time-tested business models, advertising and fees or subscriptions.
• In the meantime, the news around projects like ChatGPT and Bing AI may quickly shift from the gee-whiz world of mindblowing sci-fi breakthroughs to very mundane nuances of B2B…

Read Full Story: https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3LmF4aW9zLmNvbS8yMDIzLzAyLzI3L2NoYXRncHQtZ2VuZXJhdGl2ZS1haS1tb25leS1idXNpbmVzcy1tb2RlbHPSAQA?oc=5

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source: https://news.oneseocompany.com/2023/02/27/for-generative-ai-and-chatgpt-the-hunt-for-profits-begins-axios_2023022741187.html

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