How ChatGPT changed the world of tech in just one year

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It’s been quite a year for OpenAI. In the last few weeks alone, the company survived an attempted coup in which co-founder and CEO Sam Altman was fired and then rehired following pushback from employees and big-name investors like Microsoft (MSFT). And that’s not even the most interesting part of the story.

Exactly one year ago tomorrow, OpenAI’s generative AI-powered ChatGPT hit the web, quickly becoming one of the fastest growing apps in history and setting off an AI gold rush that continues to reverberate across the technology industry and beyond.

Companies ranging from Google (GOOG, GOOGL) and Microsoft, an OpenAI investor, to Amazon (AMZN), Meta (META), and others are racing to build out their own generative AI-powered software platforms.

On the hardware front, the AI explosion has made Nvidia, the world’s leading AI chip developer, the hottest semiconductor company on Earth, again. Year to date, shares of Nvidia are up more than 200%. Intel (INTC) and AMD (AMD), meanwhile, are up 67% and 90%, respectively.

“We all understand ChatGPT was a critical inflection point in the history of AI, in spite of the fact that it's only a year out since its initial release,” Rishi Bommasani, the society lead at Stanford’s Center for Research on Foundation Models, told Yahoo Finance.

But ChatGPT, and generative AI more generally, have raised questions about data usage rights and the potential to create and spread disinformation via images and videos.

“While [generative AI] tools are empowering us in so many ways, with so many kinds of superpowers, it's interesting to consider that the same tools can also apply to what supervillains want to do,” explained Daniela Rus, director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT.

“And so we have to think about what guardrails we need to put in place before we deploy the tools so that we ensure that the use is a good one.”

Democratizing AI for the masses

When ChatGPT hit the web on Nov. 30, 2022, the world wasn’t quite prepared for what would happen next. By January 2023, just two months later, the app had a whopping 100 million monthly active users. A month later, Microsoft announced its Bing chatbot and Edge browser with built-in generative AI capabilities, powered by OpenAI.

FILE - In this Oct. 6, 2015, file photo, Microsoft CEO Satya Nadella closes a presentation of new devices in New York. Microsoft reports quarterly financial results Thursday, Oct. 22, 2015. (AP Photo/Richard Drew, File)
Microsoft CEO Satya Nadella closes a presentation of new devices in New York. Microsoft reports quarterly financial results Thursday, Oct. 22, 2015. (Richard Drew/AP Photo, File) · ASSOCIATED PRESS

Since then, internet users across the globe have tried out ChatGPT and gotten a firsthand look at the technology everyone from tech CEOs to academics have been raving about.

“It's the first time a non-techie person has been able to interact with AI,” Deepwater Asset Management managing partner Gene Munster told Yahoo Finance. “What ChatGPT did is just simply flip the switch, and reveal to people who are developers and run businesses that this is some powerful stuff and that they need to take action.”