ChatGPT and Generative AI

Our Guide to 2023's Most Talked-About Technology—and Where It'll Have the Biggest Impact

Report by Yoram Wurmser, and Daniel Van Dyke  | UPDATED: Oct 7, 2024
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Table of Contents
Executive Summary
1. What is generative AI?
2. What is the market size for generative AI?
3. What is ChatGPT?
4. What are ChatGPT’s limitations?
5. How does generative AI work?
6. Who are the key players in generative AI?
OpenAI: the early leader.
OpenAI supports an ecosystem of applications.
7. How will generative AI change creative businesses in 2023?
8. What will be the biggest business impact from generative AI in 2023?
Microsoft and Google seem headed for a broader showdown over generative AI.
9. What’s ahead for generative AI?
Key takeaways for media and marketing companies.
Sources
Media Gallery
About This Report
ChatGPT proved the power of generative AI. In 2023, even more advanced models will begin to change the way we do business.
Topics
Artificial Intelligence (AI)
US
Table of Contents
Executive Summary
1. What is generative AI?
2. What is the market size for generative AI?
3. What is ChatGPT?
4. What are ChatGPT’s limitations?
5. How does generative AI work?
6. Who are the key players in generative AI?
OpenAI: the early leader.
OpenAI supports an ecosystem of applications.
7. How will generative AI change creative businesses in 2023?
8. What will be the biggest business impact from generative AI in 2023?
Microsoft and Google seem headed for a broader showdown over generative AI.
9. What’s ahead for generative AI?
Key takeaways for media and marketing companies.
Sources
Media Gallery

Executive Summary

ChatGPT brought generative AI into the limelight when it hit 1 million users in five days. But how valid is the buzz around ChatGPT? We unpack what you need to know: How does generative AI work? Who are the key players? Is ChatGPT ready for prime time? And most importantly: How will the technology change the way we do business?

Key Question: What is generative AI, and what does ChatGPT’s blockbuster launch mean for the future of media and marketing?

KEY STAT: OpenAI’s ChatGPT reached a million users at lightning speed—faster than many other breakthrough apps of the past five years.

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Table of Contents

  1. Executive Summary
  2. 1. What is generative AI?
  3. 2. What is the market size for generative AI?
  4. 3. What is ChatGPT?
  5. 4. What are ChatGPT’s limitations?
  6. 5. How does generative AI work?
  1. 6. Who are the key players in generative AI?
  2. OpenAI: the early leader.
  3. OpenAI supports an ecosystem of applications.
  4. 7. How will generative AI change creative businesses in 2023?
  5. 8. What will be the biggest business impact from generative AI in 2023?
  6. Microsoft and Google seem headed for a broader showdown over generative AI.
  1. 9. What’s ahead for generative AI?
  2. Key takeaways for media and marketing companies.
  3. Sources
  4. Media Gallery

Charts in This Report

US Venture Capital Investment Activity in the Generative AI Sector, 2017-2022 (billions and number of deals)

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First Published on Feb 2, 2023

authors

Yoram Wurmser, and Daniel Van Dyke

Contributors

Jessica Lis
Analyst, Technology
Wendy Malloy
Director, Reports Editor