A product of OpenAI, ChatGPT is a broad-based, highly sophisticated chatbot that offers human-like responses. We view ChatGPT as another step on the path of AI’s integration into everything tech, bringing us closer from perception focused to generative AI. This will be a watershed inflection point for compute power demand, providing many exciting opportunities, but there are regulatory and spending hurdles to the pace of adoption that will necessitate a discerning and experienced view of the winners and valuations.
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