AI Mania. ChatGPT vs. Google Bard vs. You. Who Will Win? Do We Care?
Feb 11, 2023
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The podcast dives into the fierce rivalry between ChatGPT and Google Bard, questioning whether Microsoft’s vision of reinvented search is feasible. It explores the significant implications of these AI technologies on job roles and HR practices. Consumer behavior and the advertising landscape are also dissected, highlighting publisher anxieties. The discussion considers whether AI represents job elimination or augmentation. Lastly, the stock market's frenzy over AI companies and the challenge of securing .AI domains are intriguing focal points.
The competition between Microsoft and Google in the AI chatbot space illustrates a potential shift in the search engine market and advertising dynamics.
AI integration into HR functions is transforming traditional practices by enhancing operational efficiency and enabling employees to focus on more complex tasks.
Deep dives
The Competitive Landscape of AI
Microsoft's recent integration of OpenAI's ChatGPT into Bing and Edge is a significant move that aims to disrupt the search engine market, but criticisms point to Bing's limited market share. Microsoft's CEO emphasized the financial impact of capturing even a small percentage of this market, highlighting the potential for increased advertising revenue as a key motivator. On the other hand, Google's AI product Bard, while not launched effectively, shows promise and may leverage Google's extensive resources for rapid development. This competitive landscape suggests that while Microsoft has made strides, Google's historical dominance and resource capacity position it well for continued relevance in the AI space.
Applications of AI in HR
AI's capabilities extend into various HR functions, offering tools for tasks such as crafting job descriptions, managing candidate communications, and creating training programs. This technology excels at parsing language and providing suitable responses, making it a valuable asset for enhancing employee experience and operational efficiency. Vendors in the HR tech space are encouraged to integrate AI functionalities to improve how they engage users and streamline processes. As AI tools continue to evolve, they promise to transform traditional HR practices and elevate overall service delivery.
Implications of AI on Employment and the Economy
Historically, automation has changed the job landscape significantly, often improving the quality and safety of jobs rather than eliminating them completely. The integration of AI is expected to augment rather than replace white-collar jobs, allowing workers to focus on more complex and valuable tasks while automation handles repetitive duties. As seen in manufacturing and service industries, the shift towards automation has created more interesting and higher-paying positions, and a similar trend may emerge with AI implementation. The relationship between technology and employment indicates a transition, encouraging individuals to adapt and find value in higher-level contributions rather than fearing job displacement.
This podcast is a review of last week's massive set of announcements from Microsoft and Google about Chatbots. Rather than try to summarize what you've already read, I spend time talking about the implications of all this. Here are a few highlights:
Is Microsoft's statement that "search will be reinvented" really correct and could this disrupt Google? Lots of problems with that theme, and I've seen Bard. It's good.
What are the implications of ChatGPT and Bard on jobs, roles, and the technologies of HR? Many things to discuss here.
What will ChatGPT and Google Bard do to consumer behavior and the massive advertising and SEO markets? Publishers are freaked out but should they worry?
Is this another "automation eliminating jobs" technology or not? As you'll hear, this is an "augmentation" technology and yes, it will force us to think about where we add value.
Finally, what about the AI Mania taking place in the stock market? Not only are AI companies suddenly worth more money but it's now becoming impossible to buy a .AI domain name.
I don't have all the answers but I'll explain what's going on.
Additional ResourcesUnderstanding Chat-GPT, And Why It’s Even Bigger Than You Think (*updated)Microsoft thinks AI can beat Google at search — CEO Satya Nadella explains whyGoogle is investing $300M in an OpenAI challenger that will take on ChatGPT while focusing on A.I. safetyOpenAI Is Drawing Competition From Fleet of Startups
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