ChatGPT is a big deal. Just ask it. While it may not be smart enough to replace humans just yet, the AI chatbot system created by OpenAI can help you answer questions, write essays and poems, crack jokes, even program computers. It may even have a major impact on healthcare moving forward. Right now, for example, it can help summarize medical records, analyze research papers, and answer broad questions. Even more impressive, Microsoft already pledged to invest billions of dollars into the technology. Plus, analysts at UBS say the total addressable market for ChatGPT could be as much as $1 trillion. Not only is that all great news for the developers of ChatGPT, it’s also substantial for Moovly Media (TSXV: MVY) (OTC:MVVYF), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META).
In addition, according to Yahoo Finance, “ChatGPT, the AI chatbot that's garnered widespread attention since its launch two months ago, is on track to surpass 100 million monthly active users (MAUs), according to data compiled by UBS. This would mean that ChatGPT has been adopted more quickly than even TikTok or Meta-owned Instagram. By UBS's count, TikTok took nine months to reach 100 million MAUs, while Instagram took 30 months to hit the same benchmark. ChatGPT could be on pace to break even TikTok's record, gaining 100 million MAUs since its November launch.”
Look at Moovly Media (TSXV: MVY) (OTC:MVVYF), For Example
Moovly Media Inc. just announced a significant advance in its video creation technology, integrating the Moovly platform with OpenAI GPT-3 to bring customers next generation AI (Artificial Intelligence) capabilities.
As ChatGPT uses natural language processing and GPT-3 technology to generate texts from user input, it can also create scripts for video content within Moovly. The initial integration within Moovly applies these capabilities for video script generation, enabling smart, AI- based automated video content creation, representing the first step to building an end-to- end automatic video generation solution. In combination with Moovly’s existing AI-based integrated solutions from Amazon, Google and Microsoft, it will become possible for users of all skill levels to create affordable professional quality content “from idea to final video” in a matter of minutes. Some unique features include:
- Auto-selection of script-based illustrating images, keywords, and video clips from a library of over 100 million digital assets
- Automated voice-over generation of the GPT-generated script
- Automatically preselect suitable background music
- Auto-population of specifically designed templates to produce videos fully automatically.
Moovly CTO Geert Coppens commented: “The architecture of the Moovly’s platform and its powerful API makes it a perfect fit for integration with revolutionary AI tools like ChatGPT.
The combination of the text generation capabilities of the ChatGPT technology with the already available AI-based Moovly tools, such as Text-to-Speech conversion, subtitle generation and translation capabilities, is yet another example of Moovly adding incredible value through integrations, as we continue to build the world's leading online content creation platform."
Looking for more info? Check out:
- ChatGPT: https://openai.com/blog/chatgpt/
- Moovly: www.moovly.com
Other related developments from around the markets include:
Amazon announced financial results for its fourth quarter ended December 31, 2022. Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in fourth quarter 2021. Operating income decreased to $2.7 billion in the fourth quarter, compared with $3.5 billion in fourth quarter 2021. Net income decreased to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in fourth quarter 2021. For full-year 2022: Net sales increased 9% to $514.0 billion in 2022, compared with $469.8 billion in 2021. Operating income decreased to $12.2 billion in 2022, compared with $24.9 billion in 2021. Net loss was $2.7 billion in 2022, or $0.27 per diluted share, compared with net income of $33.4 billion, or $3.24 per diluted share, in 2021.
Alphabet announced financial results for the quarter and fiscal year ended December 31, 2022. Sundar Pichai, CEO of Alphabet and Google, said: “Our long-term investments in deep computer science make us extremely well-positioned as AI reaches an inflection point, and I’m excited by the AI-driven leaps we’re about to unveil in Search and beyond. There’s also great momentum in Cloud, YouTube subscriptions, and our Pixel devices. We’re on an important journey to re-engineer our cost structure in a durable way and to build financially sustainable, vibrant, growing businesses across Alphabet.” Ruth Porat, CFO of Alphabet and Google, said: “Our Q4 consolidated revenues were $76 billion, up 1% year over year, or up 7% in constant currency, and $283 billion for the full year 2022, up 10%, or up 14% in constant currency. We have significant work underway to improve all aspects of our cost structure, in support of our investments in our highest growth priorities to deliver long-term, profitable growth.”
Microsoft announced the following results for the quarter ended December 31, 2021, as compared to the corresponding period of last fiscal year: Revenue was $51.7 billion and increased 20%, Operating income was $22.2 billion and increased 24%, Net income was $18.8 billion and increased 21%, Diluted earnings per share was $2.48 and increased 22%. “Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft. “As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”
Meta Platforms reported financial results for the quarter and full year ended December 31, 2022. "Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily actives," said Mark Zuckerberg, Meta founder and CEO. "The progress we're making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization."
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