The Future. AI chatbots may be in a hype bubble. Turns out that not many people are actually using tools like Open AI’s ChatGPT and Google’s Bard. That’s not to say that adoption won’t spread, but it may be important that the tech (and more importantly, the market for that tech) is still in the early days… so it’s probably wise to not radically change society in the name of AI before society itself gets a chance to wrap its head around it.
A new study from Morgan Stanley may make some people cool their jets on the ubiquity of AI… at least currently.
- Only 19% of respondents have used ChatGPT, and 9% have used Bard.
- Most people said they have no plans of using either in the next six months.
- For those that do use them, they’re mostly used for learning about a new topic.
- But the “early adopters” are also using it for “researching new products, comparing prices, and shopping.”
To make money from average customers, not just enterprise businesses, AI will need to rely on either ad money or subscriptions. The former is the more likely scenario, and Morgan Stanley believes that the e-commerce uses — as we travel, especially for Google — will soon make that possible.
But the firm notes that while investment is pouring into AI, it’s still early days… so maybe VCs need to slow down on those proclamations of world change and endless riches. Remember how that panned out for crypto and the metaverse?