chatgpt effect global chatbot market
What happened: Chinese e-commerce giant Alibaba has opened up testing of its advanced AI chatbot, signaling that the race to compete against ChatGPT's dominance is now an international one .
Relevance: Companies have been rushing to incorporate chatbots into their products and services following the standout success of OpenAI's GPT. While OpenAI investor Microsoft has led the way , Huawei, SenseTime, and other Chinese tech giants are gearing up to introduce their own systems, raising the stakes in the rush toward AI.
What the numbers say: Grand View Research expects the global chatbot market to grow from $5B to $42B over the next decade.
Where to see the impact: Conversational AI will become more and more integrated into everyday technology. Google already plans to integrate its chatbot technology into its search engine after Microsoft added OpenAI's GPT to Bing earlier this year . Alibaba may merge its own AI technology with its workplace communication app DingTalk, while rival JD.com is also planning to incorporate ChatGPT-like tech into some products.
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