The competitive power of AI: transforming businesses, revolutionizing cloud computing, and redefining search dynamics
As competition heats up in online search, consumer marketplaces, and cloud computing, AI continues to upend markets, with new features being launched seemingly every day. Read our roundup of the AI competition ‘news of the day.’
Advances in AI are transforming traditional online search, enhancing competition across even the most recognizable search engines
– “iAsk AI search engine reaches 1 million searches daily just months after launch.”
– Microsoft Bing announced Deep Search, a new generative AI gesture aimed to assist searchers seek out answers to complex questions.
– Forbes recently launched Adelaide, its own AI search engine. “Readers can ask specific questions or input general topic areas and get recommended articles about their query, along with a summarized answer to whatever they asked… as long as it’s within Forbes’ coverage scope. Adelaide trained on Forbes stories but only covered the past 12 months of its news and list coverage.”
AI innovation in cloud computing is revolutionizing benefits for businesses, intensifying competition across sectors.
– Competition in the AI and cloud services spaces is benefiting businesses. Cast AI, a startup that uses AI to help companies allocate their cloud resources, recently raised $35 million in Series B funding. Cast AI CEO Yuri Fryman explains that, “As enterprises become increasingly cloud native, our impact becomes more relevant to the C-Suite.”
– SAP announces new generative AI capabilities to its cloud-based enterprise resource planning software to enhance customer experiences and make businesses more competitive. “The new capabilities are delivered via an upgrade to SAP’s natural language generative AI copilot Joule. They’re designed to automate time-consuming tasks while providing actionable insights that will allow companies to create more intelligent, personal experiences for customers”
– “Alibaba Cloud has unveiled an array of industry-specific artificial intelligence (AI) tools,” contributing to further competition among cloud computing system resources.
New AI chatbots are making the AI marketplace competitive through the utilization and deployment of unique Language Learning Models (LLMs)
– Intel is expanding its effort to “help companies buildChatGPT-like apps,” a move that will contribute to the expansion and competition among AI chatbots. The chipmaker is working with consulting firms to build out new chatbot, “ChatGPT-like” apps for customers and businesses that don’t have the expertise to build them on their own.
– Anthropic’s AI chatbot, Claude is a new and competitive chatbot specializing in document summarization. Anthropic’s Claude is a new, specialized chatbot that “allows you to upload PDFs, as well as some other files, such as DOCX, CSV and TXT, directly to it. Then, by typing a command such as “Summarize PDF,” you can get a clear, concise summary of PDFs across a wide range of subject matters.”
– “Samsung unveils ChatGPT alternative, Samsung Gauss, that can generate text, code and images,” contributing to the field of AI chatbot competitors.
– Amazon introduced its own AI chatbot, Q, designed to have conversations and solve problems, through Bedrock and the deployment of multiple language learning models. “Amazon Q aims to help employees with daily tasks, such as summarizing strategy documents, filling out internal support tickets and answering questions about company policy.”