Generative AI’s breakout year produced hefty profits for Nvidia and lofty experiments for others

CNBC December 27, 2023
Hayden Field

Key Points

– The launch of ChatGPT in late 2022 set the stage for a wild year in technology in 2023.

– Companies raced to join the generative AI chatbot party, and developers built agents to complete specific tasks, such as booking travel and buying presents.

– As far as business successes, Nvidia was the big winner as the creators of AI models snatched up the company’s advanced graphics processing units.

OpenAI CEO Sam Altman has admitted that he was surprised by the popularity of ChatGPT, which was released as a research project a little more than a year ago. His team had spent an entire meeting debating whether it was worth even opening up the chatbot to the public.

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