CEO of the Chinese company Baidu Robin Li believes that many startups developing large language models or artificial intelligence will disappear when the AI bubble bursts. He stated this during the Harvard Business Review Future of Business Conference, The Register reports.
"The most significant change we're seeing over the past 18 to 20 months is the accuracy of those answers from the large language models. I think over the past 18 months, that problem has pretty much been solved – meaning when you talk to a chatbot, a frontier model-based chatbot, you can basically trust the answer," Lee said.
In his opinion, only 1% of companies will survive and become truly great. This 1% will be responsible for creating "tremendous value for the people, for the society."
Li also said that it will take 10 to 30 years before artificial intelligence can replace humans in the workplace. "Companies, organizations, governments and ordinary people all need to prepare for that kind of paradigm shift," he warned.
Robin Li probably sees Baidu among the companies that will be included in this 1%. In June 2024, Baidu announced that its Ernie 3.5 chatbot outperformed OpenAI's ChatGPT in several ways. In particular, Ernie outperformed ChatGPT "in comprehensive ability scores" and "in several Chinese language capabilities."