Chart of the week
Pulse Check
What does this chart show?
Interest in AI has exploded this year, demonstrated by worldwide Google searches for the terms ‘AI’ and ‘ChatGPT’. Searches for ‘AI’ hit a value on the chart of 100 this year, indicating peak popularity and interest.
Why does it matter?
If you have experimented with ChatGPT even briefly, you can tell immediately that the technology is indistinguishable from magic. As you can see from what people across the globe are interested in, it’s the only show in town. It will undoubtedly touch all facets of our lives in the near future, having major implications on work and productivity, trust, science, creativity, and things we can’t yet imagine.
This interest will drive investment, speculation, gains, and losses. Companies from Google to Kraft scrambled to use ‘AI’ as many times as possible in their latest earnings calls, and Nvidia, the technology company producing the graphic processing units to enable AI, is already trading at 35x sales. ChatGPT was the fastest application to ever surpass 100mm monthly active users.
The Bottom Line
Worldwide frenzied interest in AI has just begun and is here to stay.
The promise of AI technology is maybe greater than the promise of the internet circa the late 1990s. It will change the world, just like the internet. Similar to the bubble that formed around the internet, lustful investors in AI will get their faces ripped off while others amass unfathomable fortunes. These cycles are always the same.