Older companies often react more slowly to innovation than those that have only recently launched their businesses. But not Microsoft, at least not in this case. The venerable behemoth that helped launch the original personal computer revolution has obviously grasped the enormous potential offered by AI and is investing heavily in Open AI, creator not only of DALL-E 2, one of the web's premiere AI imaging apps, but also of ChatGPT, the app that has created an internet craze with its ability to hold informative conversations with users in response to their questions rather than simply provide links as do most traditional search engines. According to a recent ABC news article, Microsoft is making a "multiyear, multibillion dollar investment" in the AI startup. This is in addition to the one billion MS previously invested in the company in 2019. Not only will MS now be able to incorporate AI features into MS Office and its other products, but the investment has the potential to make the company's Bing search engine far more competitive with Google Chrome than is currently the case.
As if to underline the potential offered by ChatGPT a recent article in the New York Post headlined a news item "AI Bot ChatGPT outperforms students on Wharton MBA exam: professor." The professor in question, one Christian Terwiesch had made the claim in a paper referenced by Financial Times, and he displayed a marked gift for understatement when he went on to write, "This has important implications for business school education."
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