According to a person familiar with the project, OpenAI, the Microsoft-backed company that created ChatGPT, is currently working on a novel agent program designed to automate complex activities using device control. The Information reported this information based on source inputs. The agent program is intended to handle a number of web-based activities, such as collecting publicly available information about different companies, planning trip schedules, and assisting with airplanes reservations.
These future helpers, sometimes called “agents,” are ready to take on increasingly difficult personal and professional tasks at a human’s command, eliminating the need for continuous supervision.
With the launch of its ChatGPT chatbot in late 2022, OpenAI attracted a lot of attention. This chatbot demonstrated generative AI’s ability to compose emails and sonnets, therefore promoting the technology.
In Two Years, GenAI Will Reach $100 Billion in Sales:
Moreover, generative artificial intelligence (GenAI) is expected to have a prosperous future; by 2026, an industry assessment projects that GenAI will grow to be a $100 billion business. According to statistics from AltIndex.com, the GenAI market is expected to increase by an astounding 65% over the next two years, with OpenAI’s ChatGPT being identified as a key factor in this expansion. In2023, the chatbot reached a significant milestone by becoming the app with the highest growth rate ever, gaining 100 million users in just two months.
Between 2020 and 2023, the GenAI market grew by 690 percent, from $5.7 billion to $44.9 billion. This was an incredible rise in the market.
However, Statista’s forecasts indicate a deceleration in the yearly growth rate for 2024, exhibiting a 48.4% rise in the market overall, ending in an approximate valuation of $66.6 billion.
Even with this slowdown, strong double-digit growth is expected to continue in the upcoming years, pushing the genAI market to a projected $100 billion valuation by 2026-a significant 65 percent gain in just two years. Long-term projections, which cover the year 2030, show that this amount will more than double to over $207 billion.
As the largest genAI market globally, the United States is predicted to continue its dominance, with a projected value of $37.3 billion by 2026-a 60% rise from the present year. In the meantime, it is anticipated that the genAI market in China would expand even faster, with a valuation that will rise by 72% to $14.7 billion over the span of the next two years, making it the second-largest market globally.