ChatGPT mania may be cooling, but a serious new industry is taking shape

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Three forces will shape the business of generative AI

wave of excitement about generative artificial intelligence was like nothing else the world had seen. Within two months of its launch in November 2022, Chathad racked up 100m users. Internet searches for “artificial intelligence” surged; more than $40bn in venture capital flowed intoThe craze for consumer experimentation has since cooled a little: Chat”.

Gemini, the tech giant’s soon-to-be-released cutting-edge model, is thought to be more powerful than OpenHigh computing costs have also encouraged the proliferation of much smaller models, which are trained on specific data to do specific things. Replit, a startup, has trained a model on computer code to help developers write programs, for instance.

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