Malaysian Technology Strategic Outlook

THE CHANGING TECHNOLOGY LANDSCAPE: A GLOBAL OVERVIEW

GLOBAL TECHNOLOGY TREND

AI is the buzzword of today. The age of human-machine interweaving with each other seems to have begun and is synonymous with the 5 th Industrial Revolution. What used to be heavily discussed in theory is now presenting itself in the physical domain, and we will be stumbling upon the word ‘cognitive’ more often than ever, as that is the backbone characteristic of AI. What do we really know about it? We understand that it is able to mimic the problem-solving and decision-making that human beings make to a certain extent. That brings us to a bigger buzzword – Generative AI. One example of such generative AI is none other than ChatGPT.

Launched in November 2022, this is an AI chatbot developed by OpenAI. Due to its well-articulated responses, it garnered massive attention within a short period of time, despite its obvious little flaws. No doubt, it has successfully displayed its ‘prowess’ which is superior to earlier chatbots. In simplified machine language terms, GPT which stands for Generative Pretrained Transformers, is a bunch of neural networks trained using internet data to generate responses in the most convincing and human-like form as it possibly can. Use cases of ChatGPT include converting a text or statement into several different forms, analysing data, creating content, undertaking translation, coding, making grammar checks, and many more. It does not come without limitations of course. One of the main concerns is that it produces ‘hallucinating’ responses, which means that at times, it provides responses that seem plausible and convincing but are illogical. In this emerging market of AI chatbots, its rivalry list has grown since ChatGPT came into the limelight, with the likes of Google’s Bard AI, touted as the most powerful of its alternatives.

AI cuts across various industries and is definitely transforming the world we live in.

Healthcare Automobile

Education

Space Exploration

Finance

Gaming Robotics

Surveillance

Social Media Entertainment

Agriculture E-commerce

Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry 18

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