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Preempting a generative AI monopoly is key
By Diane Coyle  |  Mar 23, 2023
Preempting a generative AI monopoly is key
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Despite ChatGPT’s flaws and use to create malware and disinformation, it is a huge step forward. Regulators must not be too heavy-handed, but letting markets decide outcomes is also not optimal. Cambridge University Prof Diane Coyle urges finding the most suitable middle ground.

CAMBRIDGE, UK - ChatGPT, the new artificial intelligence (AI) chatbot developed by the San Francisco-based research laboratory OpenAI has taken the world by storm. Already hailed as a milestone in the evolution of so-called large language models (LLMs), the world’s most famous generative AI raises important questions about who controls this nascent market and whether these powerful technologies serve the public interest.

OpenAI’s release of ChatGPT last November quickly became a global sensation, attracting millions of users and allegedly killing the student essay. The chatbot can answer questions in conversational English (along with some other languages) and even perform other tasks, such as writing computer code.

The answers that ChatGPT provides are fluent and compelling. Despite its facility for language, however, it can sometimes make mistakes or generate factual falsehoods, a phenomenon known among AI researchers as ‘hallucination.’ The fear of fabricated references has recently led several scientific journals to ban or restrict the use of ChatGPT and similar tools in academic papers. However, while ChatGPT m

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