Asia’s richest man Gautam Adani addicted to ChatGPT

New Delhi

Gautam Adani, Asia’s richest man, says he is addicted to ChatGPT, a powerful new artificial intelligence tool capable of engaging with users in convincing conversational ways.

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 artificial intelligence, for its astonishing capabilities and hilarious failures.”

The billionaire admits he’s been “a bit addicted” to ChatGPT since he started using it.

The tool, which was made available to the public late last year by artificial intelligence research firm OpenAI, has sparked discussion about how “generative AI” services can turn cues into original articles, stories, songs and images after being trained on massive online datasets. can fundamentally change the way we live and work.

Some claim it will put artists, mentors, coders and writers out of work. Others were more optimistic, arguing that it would allow employees to work on to-do lists more efficiently.

“But there is no doubt that generative AI will have a huge impact,” Adani wrote in his post, adding that generative AI has “the same potential and dangers” as silicon chips.

“Nearly five years ago, the pioneering of 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, whose business involves Everything from ports to power stations, he wrote.

“It also paved the way for precision-guided weapons used in modern warfare, with more chips installed than ever before,” he added. Competition in generative AI will soon become “as complex and intricate as the ongoing war on silicon chips,” he said.

Chipmaking has recently emerged as a new flashpoint in U.S.-China tensions, Washington blocks sales of advanced computer chips and chip-making equipment to Chinese companies. Some Chinese investment in European chip manufacturing has also been blocked.

China has an advantage over the U.S. in the AI ​​race, the Indian infrastructure giant believes, as Chinese researchers will publish twice as many academic papers on the topic in 2021 as their U.S. counterparts, he said Friday after attending an AI conference wrote in the post. Davos World Economic Forum.

Domestically, Adani is also considering bringing five new ventures to the U.S. stock market The next five years, according to his conglomerate chief financial officer, Jugeshinder Singh.

The conglomerate’s metals and mining, energy, data centre, airport and road businesses could be closed between 2025 and 2028, Singh told reporters on Saturday in the western Indian city of Ahmedabad, where Adani’s empire is headquartered. stripping.

The group’s flagship company, Adani Enterprises, is an incubator for Adani businesses. Once they mature, they usually gain independence through a stock listing. Many Adani companies have become leaders in their respective fields.

Adani Enterprises also raised 200 billion rupees ($2.5 billion) in a new share sale later this month. It will be the largest follow-on public equity offering ever in India.

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

Shares in Adani’s seven listed companies – ranging from ports to power stations – have seen rapid growth over the past few years. But some analysts worry that growth poses huge risks, as Adani’s $206 billion fortune is fueled by a $30 billion borrowing binge that has made his business one of the most indebted in the country.

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