• AI chatbots are being used by 37% of companies and organizations, and it is expected to reach a whopping $267 billion by 2027.
• Google BARD leverages the power of LaMDA to enable users to create sophisticated and conversational agents.
• Ernie is a new AI model developed by Chinese tech giant Baidu that integrates external data sources for enhanced language understanding.
Overview of the AI Chatbot Market
The AI market is on a steady rise, with global news headlines heralding its success. It is expected to contribute up to $15.7 trillion to the global economy by 2030, with 37% of companies and organizations already using it in some capacity. Nine out of ten leading businesses are investing in AI technologies, which could reach a value of $267 billion by 2027.
Google BARD is an advanced Language Model for Dialogue Applications (LaMDA) based on Google’s innovative Transformer neural network architecture. This cutting-edge tool allows users to create sophisticated and conversational agents that can understand and respond to human and developer language in a natural way.
ChatGPT operates in two phases – pre-training phase for gathering data, followed by inference phase for user interactions – that are similar to how Google search works. The scalability of the pre-training phase makes ChatGPT redefine the Web3 development landscape.
Ernie is an AI model developed by Chinese tech giant Baidu that has deep neural network architecture combined with knowledge graph containing structured data. This enables Ernie to make inferences about language which can be beneficial for decentralized applications and smart contracts in Web3 space through natural language processing (NLP). However, it should be noted that Ernie is trained primarily on Chinese data so its performance might not be as good in other languages.