Rise of generative AI sparks new gold rush for tech industry

OpenAI chief executive officer Sam Altman said: “It will be unthinkable not to have intelligence integrated into every product and service. 

“It will just be an expected, obvious thing.”

AI has helped to quickly change the narrative around a tech industry that appeared to be struggling and was making headlines for mass layoffs at the start of the year.

Many experts believe that AI, like the rise of smartphones and social media, is rapidly changing the way people live and work.

Mr Rob Seaman, senior vice president of enterprise product at communication platform Slack, said: “I think (AI) is obviously on par with or bigger than what we saw from mobile or social previously. 

“And there is just a vibe here that there hasn’t been, honestly, in two or three years, and it is really cool to see.”

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