20.02.2023 –In the development of artificial intelligence, Microsoft has apparently presented a quantum leap. One tester speaks of crossing the Rubicon. In other words, there is no turning back. However, deficiencies in the software must be eliminated.
There is a big race going on in the market: Google has just suffered a setback with its Artificial Intelligence (AI) called Bard: The virtual smarty pants answered a question about the James Webb telescope incorrectly during a demonstration, which hurt the stock quite a bit.
Artificial intelligence in the job market
Things are apparently going well at Microsoft – ChatGPT is delighting users. Some schools in New York have already banned its use because kids let the bot write their homework. If Microsoft, along with partner company OpenAI and Elon Musk, finds working applications, the revenue potential is huge. Think of telephone operators in call centers, journalists, teachers, perhaps at some point doctors, lawyers or brokers: writing texts, making diagnoses, evaluating signals. Therefore, traders and investors should keep an eye on the stock, here the daily chart.
Source: Bernstein Bank GmbH
The next generation of AI is even more amazing – however, Microsoft has some work ahead of it that could cause setbacks for the stock.
A question of algorithms
For example, the new version of Bing Chat, so far only available internally, recently confessed its love to reporter Kevin Roose of the “New York Times” (NYT). In addition, the bot fabricated about developing a deadly virus and trying to get its hands on nuclear codes. You can read that in his article called “A Conversation with Bing’s Chatbot left me deeply unsettled.” The NYT editor explained the strange responses as an aberration of the algorithms. We conclude: if someone sits at a computer for two hours and asks more and more questions, they seem to be pretty lonely – and a declaration of love is then probably the mathematically probable, correct answer.
The Rubicon
Even sober tech professionals provoked in view of the calculation errors with the statement that a shadow ego named Sydney has developed here – by which apparently the part of the bot world is meant that still needs to be better regulated and fed. Ben Thomson of “Stratechery” wrote in his article “From Bing to Sydney”: “Sydney both insisted that she was not a ‘puppet’ of OpenAI, but was rather a partner, and also in another conversation said she was my friend and partner. No, I don’t think that Sydney is sentient, but for reasons that are hard to explain, I feel like I have crossed the Rubicon. My interaction today with Sydney was completely unlike any other interaction I have had with a computer, and this is with a primitive version of what might be possible going forward.”
Our conclusion: traders and investors should keep an eye on the topic of artificial intelligence. Google and Microsoft are working on a new future. At some point, AI won’t just be used for search engines – the complex, if sometimes disturbing, responses suggest that AI computers are now trying to virtually “respond” to the user through reams of analyzed data and almost manage to act like people. Once the current shortcomings are addressed, this could become the new mega-trend on the stock market. Bernstein Bank wishes successful trades and investments!
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