ChatGPT: Investment and Development Status in China
“ In today’s China market, we hear more and more about two words "ChatGPT" and "Metaverse." Both are listed in the top three of the science and technology breakthroughs in 2022. Now the capital flood in the AI field, and in the competition of the two darling of Internet technology, how can we identify the core value of ChatGPT to achieve commercial monetization? ”
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The Battle for Supremacy
Data Source from：ARK Invest
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Nowadays, "ChatGPT" and "Metaverse", as the two major IT trends, are in arm race. Bill Gates recognizes ChatGPT as the most promising innovation. In January 2023, Microsoft announced expansion of its cooperation with OpenAI, intend to put in another $10 billion with other investors, integrating OpenAI's chatbot ChatGPT to Azure cloud services. With this funding, OpenAI will be valued at a staggering estimate of $29 billion.
Picture source from OpenAI
Data source from:east money net
Great Wall Securities’ (one of the top Chinese securities) TMT team believes that AIGC (AI-generated content) application tools such as ChatGPT and the current popular virtual AI art creation apps, are expected to drive the overall AI industry recovery and booming. ChatGPT will accelerate research and development of domestic tech giants in the AI field. In the future, the acceleration of AIGC commercialization and the improvement of popularity are expected to drive the performance improvement and development of related manufacturers such as AI chip and data industry chains in China. At the World economic forum back in 2020, Ren Zhengfei, the founder of Huawei, once indicated that the development of AI in China was still in its infancy. Now, we have to admit that the iteration of new technology is faster than we can ever imagine.
Picture source from NetEase
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The Usage and Development of ChatGPT in China
The three elements of AI: algorithm, computing power and data, together with a series of core technologies such as chips, 5G and 6G, are the cornerstone of the intelligent world. They digitize the physical world and enable the interconnection and perception of things. For example, Lensa, the recent top ranked AI APP, can generate images from text descriptions, which is derived from the commercial paid application Dall-E, the related plugin created by OpenAI.
Picture source from：OpenAI
ChatGPT is a natural language processing AI tool launched by research laboratory of OpenAI. With GPT-3.5 model, ChatGPT has the capabilities of language understanding and text generation, it can also interact according to the context of the chat, very knowledgeable and accessible even when chatting about emotions and philosophy. As long as you learn to use ChatGPT, it can help you write resumes, emails, do PPT, copywriting, programming, composing lyrics and music, etc., as long as you ask, this black technology can help you easily.
Picture source from: xitujuejin
AI has always been a hot field in China market. Products such as chatbots and visual recognition have found great applications in some commercial scenarios. At present, the technology of chatbots is still in the early stage of development, mainly applied to customer and marketing services. According to IDC, the global industry scale of AI reached $361.9 billion in 2021, with China accounting for $62.2 billion. In terms of the scale of investment and financing, the amount in the global AI industry in 2021 was US $71.47 billion, up 90.2% year-on-year, and China's was $20.32 billion, up 40.4% year-on-year. The emergence of AI products of AIGC such as ChatGPT with direct content creation ability has set off a capital frenzy and once again a career crisis.
At present, it may not be accessible to direct use of ChatGPT through OpenAI's official website in China. Domestic users can experience fast and free functions provided by some domestic mirror stations. Some programmers have developed apps similar to ChatGPT based on OpenAI's API (Application Program Interface) to facilitate domestic users' experience. Among the listed companies on the Science and Technology Innovation board of the stock market, two AI companies including Yuncong Technology have made full use of the underlying technology of ChatGPT.
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How to Identify the Core Value of ChatGPT to Achieve your Commercial Monetization?
In its Future of Jobs Report 2020, the World Economic Forum predicts that 85 million jobs will be displaced by automation and technology advances by 2025, but 97 million new roles will be created. The advent of both metaverse and ChatGPT has left many of us anxious about being replaced by technology. However, it is not so simple for AI to truly replace human intelligence, and the intention of rapid development of technology was initially to help humans work more efficiently.
Picture source from：Xitujuejin
Whether investors or entrepreneurs, you can integrate relevant AI technology and create your own application scenario for commercial monetization. As a link for optimal allocation of global resources, digital economy is becoming a key force to restructure resources, reshape economic structure and change the competitive landscape. The new infrastructure, also known as digital economy technology investment, can drive rapid market growth in the short term. As indicated by Ren Zhengfei, founder of Huawei "The development of the digital economy needs globalization to facilitate commercial monetization, and the momentum of digital economic globalization is unstoppable." With constant progress in computing power and algorithms, innovations in AI such as ChatGPT will help us achieve strategic goals of future growth. Click the link to learn more of What’s up in China´s Digital Economy? Trends and Opportunities.
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