Inc.

AI Gets to Work

Ever since Alan Turing posed the question “Can machines think?” in 1950, fellow scientists have thrown themselves into programming machines to take over tasks traditionally considered to require human cognition. The central question of his defining “Imitation Game” paper is more essential than ever.

After OpenAI launched its shot across the bow with the November 2022 release of ChatGPT, kicking off a ferocious AI arms race, startups across industries from supply chains to SaaS, and major players including Amazon and Google, accelerated their AI product rollouts. Investors were quick to fan the flames. In 2023, they directed $1 of every $3 into AI companies. The first quarter of 2024 is expected to keep pace, per PitchBook analyst Brendan Burke. Paris-based OpenAI competitor Mistral, not even nine months old, fetched a valuation of $2 billion after a $415 million fund raise in December, which led to deals with Microsoft and IBM earlier

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