Asia’s richest man Gautam Adani is addicted to ChatGPT | CNN Business

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CNN
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Asia’s richest man Gautam Adani says he’s addicted to ChatGPT, the powerful new AI tool that interacts with users in a strangely compelling and conversational way.

In a LinkedIn post last week, the 60-year-old Indian tycoon said the launch of ChatGPT was a “transformational moment in the democratization of AI given its amazing capabilities as well as comical failures.” .

The billionaire admitted to “somewhat of an addiction” to ChatGPT since he started using it.

The tool, which artificial intelligence research company OpenAI made available to the general public late last year, has sparked conversations about how “generative AI” services, which can turn prompts into original essays, stories, songs, and images after training on massive online datasets. could radically transform the way we live and work.

Some claim it will put artists, tutors, programmers and writers out of work. Others are more optimistic and postulate that it will allow employees to tackle to-do lists more efficiently.

“But there is no doubt that generative AI will have massive ramifications,” Adani wrote in its post, adding that generative AI has the “same potential and danger” as silicon chips.

“Nearly five decades ago, pioneers in chip design and large-scale chip production put the United States ahead of the rest of the world and led to the rise of many partner countries and technology giants such as Intel, Qualcomm, TSMC etc,” Adani, which has businesses in sectors ranging from ports to power plants, wrote.

“It also paved the way for precision and guided weapons used in modern warfare with more mounted chips than ever before,” he added. The race in the field of generative AI will quickly become as “complex and as tangled as the ongoing silicon chip war,” he said.

Chip manufacturing has recently emerged as a new flashpoint in US-China tensions, with Washington blocking sales of advanced computer chips and chip-making equipment to Chinese companies. Some Chinese investments in European chipmaking have also been blocked.

The Indian infrastructure tycoon believes China has an edge over the United States in the AI ​​race because Chinese researchers published twice as many academic papers on the subject as their American counterparts in 2021, he wrote in the publication published on Friday after attending the World Economy. Davos Forum.

Back home, Adani is also considering bringing five new businesses to the stock market the next five years, according to his conglomerate’s chief financial officer, Jugeshinder Singh.

Speaking to reporters on Saturday in the western Indian city of Ahmedabad, where the Adani empire is based, Singh said the group’s metals and mining, energy, data center, airport and road businesses would likely they will separate between 2025 and 2028.

Adani Enterprises, the flagship company of the conglomerate, functions as Adani’s business incubator. Once they have matured, they are often given their independence through a stock market listing. Many of Adani’s companies have become leading players in their respective industries.

Later this month, Adani Enterprises will also raise 200 billion rupees ($2.5 billion) by issuing new shares. It would be India’s largest ever IPO.

Adani, a college dropout and self-made industrialist, is worth more than $120 billion, making him the world’s third-richest man, ahead of Jeff Bezos and Bill Gates.

Shares in Adani’s seven listed companies, in sectors ranging from ports to power plants, have experienced turbo growth in recent years. But some analysts fear that growth comes with significant risk, as Adani’s $206 billion warehouse has been fueled by a $30 billion loan glut, making its business one of the most debtors of the country.