ChatGPT is taking over the whole ecosystem as Snap integrates the system within its SnapChat service: ‘Snapchat+ subscribers can now have “friendly” conversations with a bot called My AI, the social media company announced Monday. Powered by OpenAI’s ChatGPT, My AI is essentially a simplified “mobile-friendly” version of the viral chatbot’. Indeed, for ChatGPT, using well established ecosystems will help it improve and refine its model – and that is the reason its playbook is just great. By working with Microsoft and now Snap, it will have tons of data to stay ahead of the competition.
For African startups, this is a massive learning as innovators and founders begin to explore AI-anchored business models. Over the last few quarters, I have been studying why Chinese AI-based companies seem to do well, and one of the things I have learnt is this: besides creating nice algorithms, they raise huge amount of money, and launch big, and by doing that big-scale launch, they accumulate tons of data quickly, to rapidly improve their models, and stay relevant.
Take for example, Temu, a new AI-anchored ecommerce company, they spent close to $5 million on a Super Bowl advert. And they are blanketing the whole digital America with ads. Why? If the business of shopping is going to be powered by AI, you need data to make sure those AI systems work well. So, to do that, they have to overcome the lack of data inertia and that comes by spending huge at launch.
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{Hamlet by Shakespeare}
- Lord Polonius: “What do you read, my lord?”
- Hamlet: “Words, words, words”.
{AI Business Model}
- Advisor: Got the code, now, what do you need to thrive?
- Founder: Data, data, data
Snapchat+ subscribers can now have “friendly” conversations with a bot called My AI, the social media company announced Monday. Powered by OpenAI’s ChatGPT, My AI is essentially a simplified “mobile-friendly” version of the viral chatbot, writes The Verge. So what’s the draw? Just as ChatGPT’s interactions with users help hone its language model, Snap CEO Evan Spiegel suggests humans could use some practice too. “We’re going to talk to AI every day,” he says. “And this is something we’re well positioned to do as a messaging service.”
My AI can also “plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku about cheese for your cheddar-obsessed pal,” Snap claims.
Also on Monday, Meta announced the creation of a new product group focusing on generative AI tools for WhatsApp and Instagram.
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