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Billionaire investor Chamath Palihapitiya predicts who will be the biggest loser in the business market this year amid the rise of artificial intelligence.
In a new episode of the All-In podcast, Palihapitiya says Google will suffer the most when artificial intelligence starts making Google’s search features less relevant.
He specifically mentions ChatGPT, a new AI-based chatbot that has been gaining traction since its release almost two months ago.
Would you tell me my biggest business loser? I think Google Search has the potential to lose the biggest business this year when measured in pure profitability and engagement. I think it’s easier to see where it’s used than to pick Open AI or ChatGPT from , because I think a lot of people don’t fully understand how machine learning and AI work. A 30 second primer: There are two big tasks.
There is learning where you learn how to predict, and inference where you type something into the search box and get an answer.
What Learning and ChatGPT shows is learning by crawling the entire web. There are five or six other organizations that could crawl the entire web in terms of cost, compute, quality of transformers, quality of AI.
So, rather than predicting who will win, I think it’s easier to predict a decline in Google search quality because they’re so much better than everyone else. Because, given enough time and money, Oracle, Microsoft, Google, and Chinese Internet companies can all compete…
I think consumers will eventually get confused and be able to get quality search results from many places today. For most people, Google seems like the only game in town. “
The venture capitalist says Google may not lose its position as the world’s top search engine, but it could lose a significant amount of usage as other sites enter the game. increase.
“Google could lose 10% or 15% of its use to all these other sites, which would make none of those sites relevant, but there is material to it. [and] A measurable impact on Google and our profits. “
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