GPT-4, the latest iteration of ChatGPT—the artificial-intelligence (AI) tool designed to “converse” with humans through text and images—is dropping anchor in India. The stakes are getting higher: not only for its Big Tech patron Microsoft but also for the enterprises in the country. And the cloud businesses of Amazon—the market leader—as well as Google are at risk.
As businesses, from conglomerates to upstarts, grapple with the question of how to adapt to generative AI—a type of AI algorithm that generates new content based on existing data—the tech giants are stepping up to help. Currently, Satya Nadella-led Microsoft is leading the charge, having invested invested TechCrunch Microsoft invests billions more dollars in OpenAI, extends partnership Read more billions of dollars in OpenAI, the creator of ChatGPT and other viral AI tools such as Dall-E.
Driven by a fear of missing out, big guns of Indian commerce—Reliance Industries, Adani Group, Tata Group, and Aditya Birla Group—are vying for a piece of the action. Even startups like Cred, a fintech valued at US$6.4 billion, have thrown their hat in the ring. Some are already undertaking proofs of concept (PoC) proofs of concept (PoC) Proofs of concept Proof of concept is a realisation of a certain method or idea in order to demonstrate its feasibility. to gain an edge.
This generative AI technology first took the world by storm in November. GPT-4, the latest version developed after experiments with chatbot-like functionalities, promises to help businesses transform their operations.
To the point that even a long-standing pharmaceutical giant like Dr Reddy’s Laboratories is exploring its potential, The Ken has learnt.
The Pharma company, which will post ~US$3.3 billion in revenues in the year ended March, annually launches 10-50 products across the US, Europe, and Asia. It’s a daunting process that includes submitting a detailed dossier to regulatory agencies such as the US Food and Drug Administration (FDA) or the Drugs Controller General of India (DCGI). With GPT-4, the pharma company hopes to reduce the time it takes to prepare and file dossiers.
GPT-4, thanks to its capability advancements, is helping Microsoft take on the current #1 in India, Amazon Web Services Amazon Web Services The Ken AWS, Microsoft and the race to turn Big Gov into big business Read more (AWS), and get further ahead of the distant #3, Google Cloud Platform (GCP), in the cloud war cloud war The Ken Google India poaches big from AWS for US$1B cloud revenue dream Read more .
