ChatGPT has played a pivotal role in accelerating global investments in generative AI, fueling a fivefold increase in funding from 2022 to 2023.
Tech firms on the S&P 500 have gained 30% since January 2022, clearly outperforming smaller companies and showing the substantial impact of AI on the market.
While larger companies are thriving, smaller businesses are increasingly dependent on major technology firms, either by leveraging their language models or awaiting new tech releases.
Young developers remain hopeful, suggesting ChatGPT democratizes AI access, which could empower them to compete effectively with established tech giants.
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