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TechCheck

TechCheck+ AI’S “iPhone Moment” – Separating ChatGPT Hype and Reality 03/03/23

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 3 March 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

In the first installment of TechCheck Weekly, Deirdre Bosa looks at the next stage in the AI arms race: the hype wars -- whose announcements are real, which companies are best positioned and why it matters for investors.

Transcript

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0:00.0

Welcome to Tech Tech Tech Weekly. We're going to bring you up to speed on the biggest story in

0:05.8

tech and investing each week. This week it is a deep dive into artificial intelligence, but

0:10.6

no, not search and Microsoft versus Google.

0:13.2

That was last month.

0:14.3

The battle now is starting to play out a layer down

0:17.0

at companies that you might not exactly think of

0:19.7

as AI companies, and it's all feeling very 2021 aka peak hype cycle

0:25.6

aka AI is being treated like the new blockchain or web three or metaverse.

0:30.6

AI is really the mover and shaker here.

0:34.8

AI is having a moment.

0:36.0

Be a vay unveiling some top AI picks.

0:38.2

But there really is a difference this time.

0:39.8

Ask anyone in the Bay Area, they will tell you that it is the real deal and it's

0:43.8

already being deployed with real results but that does not mean that companies

0:48.1

with still unproven AI strategies aren't trying to co-op the latest big thing in

0:51.9

tech and racing to get on that

0:53.7

bandwagon so consumers and investors well they are left sorting through what is

0:57.8

real and what is junk or what's flex tape if. This week, no shortage of AI announcement,

1:04.5

some hypeier, some more legitimate.

1:06.4

Snap entering the AI race today.

1:08.2

Meta ramping up its AI strategy.

1:10.4

The AI race is definitely on.

...

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