31
May
In a recent research report on the latest developments in artificial intelligence, Deutsche Bank analysts noted that “constant improvements to already astonishingly powerful generative AI models show how the technology has quickly become table stakes for industry leader. sector". They said that the major players in the sector cannot “afford to fall behind in the early stages of the push before market positions are consolidated”. OpenAI, which unveiled the ChatGPT chatbot in late 2022, has roughly tripled its valuation over the past year or so to $80 billion, with about $13 billion in backing from Microsoft. Anthropic, founded in 2021,…