In recent years, technology hype cycles, notably Blockchains/Crypto and the Metaverse, have captured attention, spurred by a macro environment amplifying their visibility.  A persistent question remains: What real-world problems do they solve, and what is their potential market reach? Despite ongoing relevance, significant behavioural barriers hinder mass adoption, such as trust issues in Crypto and social concerns in the Metaverse.

In this landscape, Large Language Models (LLMs) and the potential progress towards Artificial General Intelligence (AGI), particularly ChatGPT, have quietly emerged. They have swiftly gained user attention and recognition for their tangible value. Today, AGI is transitioning from novelty to utility, presenting two key perspectives:

Acceleration: Large Language Models (LLMs), akin to computing and the internet, serve as a transformative utility, laying the foundation for generalised applications. This empowers teams to not only access knowledge faster but also generate new solutions from existing information. The World Wide Web gave users access to the world’s knowledge, but LLMs take this a step further, by acting as the “intelligent” gateway to the knowledge and importantly being able to create new solutions from existing knowledge.

Generation: LLMs facilitate the generation of diverse content, including text, images, and gradually video, and this will inevitably disrupt workflows and the creative processes, prompting a pendulum swing between control (regulation, intellectual property safeguards) and creativity. Content generation will open the floodgates to even more User-Generated Content (UGC), by lowering the barrier to entry, but it should also augment, not replace, the creative process.

Despite its remarkable potential, we are still in the early stages of this new utility, much like when Tim Berners-Lee published his paper on the WWW.  Similar to the WWW’s foundation, it will create an evolving ecosystem of services and platforms built upon LLMs. Challenges lie ahead, but opportunities will emerge. Learning and leveraging this new utility will be crucial in navigating the dynamic tech landscape impacting the future of work, businesses, and our day-to-day services.

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Interested in LLMs and AGI? Reach out to the tech-savvy Magine Pro team for more insights. You can also explore our blog for more CEO insights with Matthew Wilkinson.

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