https://venturebeat.com/ai/a-year-ago-it-was-just-chatgpt-now-llms-are-everywhere/

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The Venture Beat article encapsulates a significant wave of developments since the inception of ChatGPT by OpenAI. Here's our comprehensive take on this transformative journey:

- Artificial Intelligence, a topic of substantial discourse and investment over the past five years, underwent a monumental shift with the advent of OpenAI. This event ushered in an unprecedented surge, elevating AI's potential to a much grander scale. Previously, discussions centered around specific ROI and use cases, primarily attracting risk-taking entities. However, the landscape underwent a remarkable transformation, inching towards the mainstream.

- Microsoft emerged as a frontrunner in this race, their investments positioning them at the forefront. Suddenly, Google, uncharacteristically vulnerable after over a decade, took swift action, instigating their AI initiatives and orchestrating a reorganization.

- The AI domain witnessed an avalanche of new tools, surpassing a hundred new additions each week. Keeping track of this rapid evolution mirrored the challenge of navigating the ever-expanding marketing tech landscape. Unsurprisingly, many of these tools found their niche within marketing strategies.

- GenAI startups experienced an upsurge in investments, attracting the interest of major venture capital firms eager to pour $100 of millions and more into at least one promising venture.

- Predictably, the press, often without delving into technical specifics, used the AI buzz for clickbait headlines.

- In Europe, the urgency to establish the AI Act became paramount, amidst concerns of falling behind on this technological wave. Two noteworthy EU investments, Mistral in France and Aleph Alpha in Germany followed. This did though not much really with regards to the widening tech gap attributed to Europe's historical lack of investment and misaligned priorities.

- However, a pivotal factor emerged from the Open Source community, historically adept at steering the course. The ongoing race is a testament to their potential dominance, albeit two aspects loom large for large Internet companies: the immense compute capital (as seen in GPT's scale) and the paramount importance of data, predominantly controlled by these tech giants.

- The narrative continues to unfold, with the Open Source community vying for prominence, yet the scale might tilt towards the larger Internet players, given their colossal computing prowess and dominance over data.

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