Artificial intelligence companies need to develop capabilities beyond chatbots if they want to be profitable, according to the chief executive officer of German AI startup
For generative AI tools that “mirror human reasoning” to automate processes and create value for businesses, they will need more specialized models than the large-language models that power popular chatbots like OpenAI’s ChatGPT,
Jonas Andrulis, the Founder and CEO of Aleph Alpha, says the German AI company is seeing strong demand for its services from businesses in complex, regulated industries like financial services, manufacturing and security. Andrulis spoke exclusively to Bloomberg Daybreak Europe’s Tom Mackenzie. Source: Bloomberg
“OpenAI has tons of revenues but there’s just no profit,” Andrulis said. “You could argue that teams training the phenomenal LLMs haven’t really found a business model ...
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