Generative AI: Who will win the race for industry domination?

Open AI, the company behind ChatGPT, is probably the most famous of the emerging artificial intelligence powerhouses.

The firm is backed by Microsoft, a tech giant that hopes to dominate the world of generative AI. But several Silicon Valley titans like Google and Meta have other ideas.

From Llama to Bard, AI-enabled chatbots and programs have been released at breakneck speed. The competition is heating up, and a range of new startups are joining the race.

In this week’s episode of Mike and Amit Talk Tech, our hosts discuss how the speed of change is increasing, the costs of AI research, and who might come out on top.

Authors

Michael R. Wade

TONOMUS Professor of Strategy and Digital

Michael R Wade is TONOMUS Professor of Strategy and Digital at IMD and Director of the TONOMUS Global Center for Digital and AI Transformation. He directs a number of open programs such as Leading Digital and AI Transformation, Digital Transformation for Boards, Leading Digital Execution, Digital Transformation Sprint, Digital Transformation in Practice, Business Creativity and Innovation Sprint. He has written 10 books, hundreds of articles, and hosted popular management podcasts including Mike & Amit Talk Tech. In 2021, he was inducted into the Swiss Digital Shapers Hall of Fame.

Amit M. Joshi

Professor of AI, Analytics and Marketing Strategy at IMD

Amit Joshi is Professor of AI, Analytics, and Marketing Strategy at IMD and Program Director of the AI Strategy and Implementation program, Generative AI for Business Sprint, and the Business Analytics for Leaders course. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience of AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.