Businesses see tremendous opportunities for profit from chatbot programs that can simulate human interactions or even generate complete texts based on just a few keywords. As a result, many companies are launching similar software to compete. In this article, we'll provide an overview of some of the top players in the chatbot market.
ChatGPT, the highly hyped AI software, was developed by OpenAI, a company in which Microsoft has invested nearly $10 billion, securing almost half of its shares. Microsoft plans to integrate this technology into its Bing search engine, among other offerings.
As a result, DZ Bank analyst Ingo Wermann predicts that Bing, which has previously held a niche position in the search engine market, could potentially become a serious competitor for Google. As Microsoft's market share in internet searches grows, so will the revenue from online advertising. The market volume for online advertising in this area is estimated to be worth around $200 billion per year.
Google enters chatbot Bard into the race
In response to the threat posed by ChatGPT, Google has developed "Bard," which is based on similar technology. The subsidiary of the Alphabet Group aims to improve its own internet search capabilities and defend its unchallenged leading position in this area.
However, "Bard" encountered a rocky start in February 2023, when the software provided the wrong answer to a question in a promotional video for Google. As a result, Alphabet shares fell, and the company's market value decreased by $100 billion in just one day. It's worth noting, though, that OpenAI has also acknowledged that ChatGPT is experiencing similar growing pains.
Meta wants to show off with AI "LLaMa".
Meta, the parent company of Facebook, is launching its AI software "LLaMa," which targets the research community and government agencies. The software requires significantly less computing power than its competitors' offerings.
During the presentation of Meta's quarterly results in February 2023, company CEO Mark Zuckerberg mentioned AI 30 times. The technology is set to be used across all of Meta's products, including video creation, 3D object design, and avatars - digital representations of users. Zuckerberg stated that "one of my goals for Meta is to become a leader in the field of generative AI."
A lot of competition from China: Baidu, Tencent and Alibaba
The Chinese government has expressed a strong interest in AI technology and has indicated its intention to provide developers with greater freedom in this field. Baidu, a major Chinese search engine and Google rival, is set to launch its own AI software, "Ernie". Insiders suggest that the technology has been in development since 2019 and will be gradually integrated into Baidu's Internet search from March 2023.
Meanwhile, Tencent, the world's largest video game provider, has assembled a development team for its own AI software, "HunyuanAide". According to reports, the company plans to enter the AI race with this new product.
Alibaba, the Chinese e-commerce giant and Amazon rival, has also been developing its own AI software since 2017. The product is currently being tested internally.
Musk wants to get involved and hires Babushkin
According to a recent media report, Tesla CEO Elon Musk and Twitter CEO Jack Dorsey are interested in the potential of AI and are planning to establish a new research laboratory. Musk has reportedly recruited Igor Babushkin, a former researcher from Alphabet's DeepMind AI unit, to lead the project.
The laboratory will focus on advancing AI research, but there are no specific plans for product development at this stage. The project is still in its early stages, and neither Musk nor Babushkin have commented on the report. The move suggests that Tesla and Twitter are joining the race to develop AI technologies to remain competitive in the rapidly evolving tech landscape.
The development of AI-powered chatbots like ChatGPT has triggered a wave of competition among tech giants worldwide. Microsoft, through its investment in OpenAI, has integrated ChatGPT into its Bing search engine to compete with Google. In response, Google launched its own chatbot, "Bard," but experienced a setback when it gave the wrong answer in a promotional video. Facebook's Meta launched its AI software "LLaMa," aimed at the research community and government agencies, while Chinese companies Baidu, Tencent, and Alibaba are also investing in AI software. Additionally, Tesla and Twitter CEO Elon Musk are reportedly working on a new AI research laboratory, recruiting talent from Alphabet's DeepMind.