[Asia Economy Reporter Jang Hyowon] On the 22nd, KB Securities analyzed that ChatGPT has ignited the artificial intelligence (AI) market and emphasized the need to distinguish the wheat from the chaff among AI-related companies.
ChatGPT is an AI chatbot service developed by the AI research institute OpenAI, based on the natural language processing AI model GPT-3. Its strengths include high-level natural language processing, large-scale data analysis and new content generation capabilities, versatility, and scalability.
As a result, it surpassed 1 million users within five days of launch and exceeded 100 million monthly active users (MAU) by the end of January. Combined with Microsoft (MS)’s search engine Bing, it is emerging as a strong contender in the global search engine market.
However, challenges such as the inability to provide the latest real-time information, high maintenance costs, frequent errors, and low completeness and accuracy remain to be addressed. OpenAI is expected to release ChatGPT-4, which will offer improved accuracy, efficiency, and functionality, between March and May.
Researcher Lim Sang-guk of KB Securities stated, “With the advent of ChatGPT, tasks that remained challenges in the AI field such as natural language, big data processing, and generative capabilities are expected to be rapidly upgraded.” He forecasted, “The global AI market size is expected to reach $1.6 trillion by 2030, growing at an annual average rate of 38.1% since last year.”
Researcher Lim added, “Compared to existing new technology trends such as the metaverse, NFT, and virtual currency, the AI chatbot + search market will grow at a much faster pace.” He said, “For users already very familiar with search and some voice recognition in daily life, if AI based on algorithms offers convenience, speed, and accuracy, the AI search market is expected to accelerate its growth.”
AI is expected to evolve from initial recommendation functions to analysis, prediction → complex cognition → autonomous action. Starting with the search market, AI will ultimately be integrated through data innovation with various sensors, robots, autonomous driving, low-earth orbit satellites, drones
, and applied across industries such as manufacturing (semiconductors, automobiles, etc.), finance, agriculture, healthcare, home, and aerospace.
Researcher Lim said, “The raw materials for generative AI services are massive data and the data centers that use them.” He predicted, “The high growth of AI semiconductors, including machine reading and computing devices capable of processing and learning vast data with fixed formulas and algorithms, will continue.”
He continued, “Therefore, from the perspective of AI companies, the high costs of operating and maintaining these systems will emerge as a major issue, and monetization (paid services) to resolve this will act as another variable.”
Furthermore, he stated, “In the emerging AI era, related companies include Microsoft (MSFT), Google Alphabet (GOOG), Nvidia (NVDA), TSMC (TSM), Baidu (BIDU), GDS Holdings (GDS), C3 AI (AI), and domestic companies such as Samsung Electronics, SK Hynix, Conan Technology, Selvas AI, Flitto, Open Edge Technology, Wise I Tech, Vibe Company, Saltlux, and Hanmi Semiconductor.”
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