The AI Revolution

While indian companies are way behind in developing models like chatgpt. Several start-ups are showing promise for niche applications

When the 14th-century sufi bard Amir Khusrau was thrown a challenge by four women to come up with poetry using a random word each gave him, it took the poet just a few moments to come up with a couplet that is now etched in literature. It was a marvel of the human mind which could connect the dots with random words and stitch beautiful poetry almost instantly.

Cut to now, a new technological bard can do the feat within a blink of an eyelid. Don’t believe it? Just feed ChatGPT with a few random words and it comes up with a brilliant limerick. Don’t like it, ask the new-age bard again and it will regenerate a brand new one almost endlessly, whether it will match the brilliance of those likes of Khusrau is debatable.

While Artificial Intelligence (AI) has been in the works for the last few years, its disruptiveness came to the fore when ChatGPT was launched late last year.

AI’s capabilities have induced such awe that can only be compared to the first human flight or the first movie.

Today, AI has become ubiquitous in our daily lives, impacting areas such as search engines, credit scoring, surveillance, and medical diagnosis.

Advanced AI applications like ChatGPT, Dall-E, and GPT-4 have gained attention for their human-like abilities. By 2030, AI is projected to contribute around $15 trillion to the global economy, with India’s GDP potentially benefiting by up to $500 billion by 2025.

HOW DOES AI WORK?

AI algorithms utilize large datasets to identify patterns and develop decision-making models. Through training on real-world data, these models “learn” and can make predictions for new situations. Advancements in technology have enabled AI to handle complex computations on diverse datasets, including voice, video, and text, facilitating its application in intricate decision-making processes.