Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Alphabet Inc.
  6. News
  7. Summary
    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
Delayed Nasdaq  -  04:00:01 2023-01-31 pm EST
98.84 USD   +1.96%
04:48pMarketmind: Fed games
RE
04:34pStocks gain, yields dip after U.S. data; Fed eyed
RE
04:33pWall St gains over 1% after encouraging inflation data with Fed next
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ChatGPT: What is OpenAI’s chatbot and what is it used for?

12/05/2022 | 03:50pm EST

Dec 5 (Reuters) - The use of artificial intelligence (AI) in emerging technologies continues to advance rapidly. San Francisco-based OpenAI made its latest creation, the ChatGPT chatbot, available for free public testing on Nov. 30. A chatbot is a software application designed to mimic human-like conversation based on user prompts.

Within a week of ChatGPT being unveiled, over a million users had tried to make the tool talk, according to Sam Altman, co-founder and CEO of OpenAI.

WHO OWNS OPENAI AND IS ELON MUSK INVOLVED?

OpenAI, a research and development firm, was founded as a nonprofit in 2015 by Silicon Valley investor Sam Altman and billionaire Elon Musk and attracted funding from several others, including venture capitalist Peter Thiel. In 2019, the group created a related for-profit entity to take in outside investment.

Musk, who remains engulfed in his overhaul of social networking firm Twitter, left OpenAI’s board in 2018, but chimed in with his take on the viral phenomenon, calling it "scary good".

Musk later tweeted that he was pausing OpenAI’s access to Twitter’s database after learning that the firm was using it to "train" the tool.

HOW OPENAI WORKS

OpenAI states that their ChatGPT model, trained using a machine learning technique called Reinforcement Learning from Human Feedback (RLHF), can simulate dialogue, answer follow-up questions, admit mistakes, challenge incorrect premises and reject inappropriate requests.

Initial development involved human AI trainers providing the model with conversations in which they played both sides – the user and an AI assistant. The version of the bot available for public testing attempts to understand questions posed by users and responds with in-depth answers resembling human-written text in a conversational format.

WHAT COULD IT BE USED FOR?

A tool like ChatGPT could be used in real-world applications such as digital marketing, online content creation, answering customer service queries or as some users have found, even to help debug code.

The bot can respond to a large range of questions while imitating human speaking styles.

IS IT PROBLEMATIC?

As with many AI-driven innovations, ChatGPT does not come without misgivings. OpenAI has acknowledged the tool’s tendency to respond with "plausible-sounding but incorrect or nonsensical answers", an issue it considers challenging to fix.

AI technology can also perpetuate societal biases like those around race, gender and culture. Tech giants including Alphabet Inc's Google and Amazon.com have previously acknowledged that some of their projects that experimented with AI were "ethically dicey" and had limitations. At several companies, humans had to step in and fix AI havoc.

Despite these concerns, AI research remains attractive. Venture capital investment in AI development and operations companies rose last year to nearly $13 billion, and $6 billion had poured in through October this year, according to data from PitchBook, a Seattle company tracking financings.

(Reporting by Siddharth K in Bengaluru; Editing by Lisa Shumaker)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.96% 98.84 Delayed Quote.9.87%
AMAZON.COM, INC. 2.57% 103.13 Delayed Quote.19.70%
All news about ALPHABET INC.
04:48pMarketmind: Fed games
RE
04:34pStocks gain, yields dip after U.S. data; Fed eyed
RE
04:33pWall St gains over 1% after encouraging inflation data with Fed next
RE
04:19pAMD forecasts first-quarter revenue below expectations
RE
04:12pSnap swings to quarterly net loss, expects lower rev in Q1 
RE
04:00pWall St gains after encouraging inflation data with Fed next
RE
03:54pWorkday to Cut 3% of Workforce to Realign Resources, Vows to Hire Again in 2024
MT
02:25pStocks up, yields dip after U.S. data; Fed on deck
RE
02:11pWall Street rises after encouraging inflation data with Fed on deck
RE
01:16pEU studying whether Big Tech should pay network costs -EU document
RE
More news
Analyst Recommendations on ALPHABET INC.
More recommendations
Financials (USD)
Sales 2022 283 B - -
Net income 2022 62 286 M - -
Net cash 2022 114 B - -
P/E ratio 2022 20,9x
Yield 2022 -
Capitalization 1 286 B 1 286 B -
EV / Sales 2022 4,14x
EV / Sales 2023 3,77x
Nbr of Employees 186 779
Free-Float 89,6%
Chart ALPHABET INC.
Duration : Period :
Alphabet Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Last Close Price 98,84 $
Average target price 125,77 $
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALPHABET INC.9.87%1 260 841
BAIDU, INC.21.07%47 851
NAVER CORPORATION14.08%25 244
Z HOLDINGS CORPORATION12.98%21 568
YANDEX N.V.0.00%6 848
GURUNAVI, INC.0.51%169