Large Language Models (LLMs) have existed long before ChatGPT. However, what sets OpenAI apart is that it was the first to make such a powerful model publicly available at scale. While LLMs had been used in research and specialized fields, they were not accessible to the general public or businesses on this level.
Google DeepMind and Other AI Leaders had been developing similar AI technologies, but concerns over issues like hallucinations (AI confidently providing incorrect or fabricated information) made them hesitant to release these models for widespread use. OpenAI took the bold step to release ChatGPT, despite the imperfections, betting on its potential value to users while continuing to refine and improve the technology.
The Foundation Model Revolution is what makes Generative AI, like ChatGPT, so impactful. Rather than building an AI from scratch for each specialized task, foundation models are pre-trained on vast datasets and can be fine-tuned for specific applications. This is similar to how Salesforce made CRM and ERP systems more affordable and accessible for small and medium-sized businesses. In the same way, foundation models democratize AI, making it more accessible and affordable for businesses and individuals. They lower the barrier to entry, enabling organizations of all sizes to integrate AI into their workflows without needing a team of AI experts to build models from scratch.
Last update: Oct 24, 2024