ChatGPT has been in the news due to its helpful features and some controversy involving the negative impact of the generative AI chatbot on today’s generation. Designed by Microsoft-backed OpenAI to provide a humanlike conversation, ChatGPT provides users with various written content, including articles, essays, code, and microblogging content. It has already garnered more than 100 million users in just a few months. And now it appears, SoftBank CEO Masayoshi Son is one of them.
During a meeting with SoftBank’s telecom subsidiary shareholders, Son said, "I am chatting with ChatGPT every day - I am a heavy user," as reported by Reuters.
Son has consistently emphasised that artificial intelligence (AI) plays a pivotal role in his investment strategies. However, he has faced notable setbacks in high-profile ventures such as WeWork and the underperformance of high-growth startups he favours.
A successful initial public offering (IPO) of Arm, a technology company based in Cambridge, England, would be viewed as a significant triumph for the financially burdened Japanese conglomerate. S&P Global Ratings recently downgraded the conglomerate's long-term credit rating due to its exposure to privately-held companies.
As experts and observers assess Son's ability to identify successful ventures in an economy that is anticipated to increasingly rely on AI, his company's stocks have experienced a surge in demand alongside the general excitement for chip and AI-related stocks. This has resulted in a quarter-to-date gain of approximately 30 per cent for the group's shares.
Meanwhile, OpenAI CEO Sam Altman had the opportunity to meet with Prime Minister Narendra Modi earlier this month. During his visit to India, Altman actively participated in various engagements with institutions and the media, sharing his perspectives on the transformative power of artificial intelligence (AI) and its impact on employment.
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While acknowledging AI as a disruptive force, Altman reassured that it does not signify the demise of permanent jobs. He emphasised the importance for governments to swiftly adapt and establish new socioeconomic agreements to address the rapid advancements in AI technology.
Following their meeting, Altman took to Twitter to express his satisfaction, describing the conversation as "great." They discussed India's thriving tech ecosystem and the potential for AI. In response, Prime Minister Modi retweeted Altman's statement, affirming India's openness to any collaborative efforts that can accelerate the nation's digital transformation and empower its citizens.