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What companies can learn from the gold rush for the AI boom

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James W. Marshall and ChatGPT 3.5 have one thing in common. Both sparked a “rush” and changed the world. While Marshall found the first gold nugget in January 1848, initiating a rush of 300,000 people to California, the launch of ChatGPT 3.5 in November 2022 caused a stir among users and tech investors. AI and Large Language Models (LLMs) suddenly became mainstream, with millions of users rushing to use the chatbot, changing the world forever.

Negative aspects of the AI boom are now coming to light, whether in handling copyrights, bias, ethics, privacy, security, or the impact on jobs. That is why the EU’s intention to consider ethical and moral issues by regulating technology with the AI Act is timely and appropriate. At the same time, perhaps every major company on the planet has considered how to intelligently integrate Artificial Intelligence into their websites, products, and services to increase productivity, optimize customer satisfaction, and ultimately boost sales.

Mark Molyneux

Don’t turn a blind eye to risks and side effects

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