Last week, on January 6th, the All-In Podcast YouTube channel aired a new episode of their show. Billionaire Chamath Palihapitiya intervened during the show to talk about the new chatbot based on artificial intelligence (AI). In fact, he presented ChatGPT, which was launched almost two months ago, as an innovative tool. According to him, it could easily compete with the web giant.
Chamath Palihapitiya Predicts the Impending Rise of Artificial Intelligence (AI)
During the latest episode of the “All-In Podcast,” billionaire Chamath Palihapitiya talked a lot about artificial intelligence (AI). He was particularly interested in the new chatbot ChatGPT, which he sees competing with Google. In the show’s video, he is heard predicting a regression in the use of Google worldwide this year. In fact, Palihapitiya said: “Let me tell you my biggest trading loser. I think the biggest potential business loser this year is Google Search, measured by pure profitability and engagement.“.
According to the billionaire venture capitalist, ChatGPT will be favored by users over Google throughout 2023. Palihapitiya said that compared to this tool, Google’s search function could quickly become irrelevant. Remember that the artificial intelligence-based chatbot was launched barely two months ago, but it is already very well known.
However, Palihapitiya claims that “many people do not fully understand how machine learning and artificial intelligence work“. “The problem with learning, and what ChatGPT shows, is that they learned by surfing the entire web“, he added.
A tumble yes, but certainly not the fall of a giant!
Admittedly, Chamath Palihapitiya expects a regression from the giant Google. But he does not think that the latter will lose his first place. He explained: “It’s easier for me to predict the deterioration of Google’s search quality than to predict who will win“. He claims that by investing enough time and money, Microsoft, Google and other Internet giants could compete with artificial intelligence.
That said, according to Palihapitiya:Google could lose 10% or 15% of usage to all these other sites, and that might not make any of those sites very relevant, but it would have a significant and measurable impact on Google and its revenue.“.
Chamath Palihapitiya expects Google to lose a significant amount of usage with the arrival of AI-based websites and tools. “I believe that consumers will eventually become confused and be able to get high quality search results from many placessaid the billionaire.
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Far from dampening my enthusiasm, a failed cryptocurrency investment in 2017 only increased my enthusiasm. I therefore decided to study and understand blockchain and its many uses and with my bullet to pass on information regarding this ecosystem.