Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Microsoft a 'clear winner' of AI arms race given ChatGPT superiority - analysts

Published 03/16/2023, 09:57 AM
Updated 03/16/2023, 10:03 AM
© Reuters.  Microsoft (MSFT) a 'clear winner' of AI arms race given ChatGPT superiority - analyst

© Reuters. Microsoft (MSFT) a 'clear winner' of AI arms race given ChatGPT superiority - analyst

By Senad Karaahmetovic

Macquarie analysts reflected on the release of ChatGPT 4.0, which was unveiled on Tuesday by Microsoft-backed OpenAI.

The latest version of the AI chatbot reportedly offers vast improvements. Microsoft (NASDAQ:MSFT) also announced that its Bing search engine has been running on an early version of ChatGPT 4.0 for several weeks.

“We view GPT-4 as the current industry standard to beat and, while generative AI is in a hype cycle, it is nevertheless quite real… We think GPT-4 sets the new standard for AI that other players like Google and Baidu will need to pace,” analysts said in a client note.

The analysts believe Microsoft is emerging as a “clear winner” in the AI arms race given “its improvements to Bing, the size of the search market ($187bn) and Google's current dominance of 60% of global online ad spending and up to 90-95% of market share in most developed nations.”

Shares of China-based internet search giant Baidu (NASDAQ:BIDU) opened lower today after the company finally presented its ChatGPT-like chatbot, which generated mostly subdued reactions.

Latest comments

Baidu opened lower? Then jumped 10 percent. 😏
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.