Open AI, the company behind ChatGPT, is probably the most famous of the emerging artificial intelligence powerhouses.

The firm is backed by Microsoft, a tech giant that hopes to dominate the world of generative AI. But several Silicon Valley titans like Google and Meta have other ideas.

From Llama to Bard, AI-enabled chatbots and programs have been released at breakneck speed. The competition is heating up, and a range of new startups are joining the race.

In this week's episode of Mike and Amit Talk Tech, our hosts discuss how the speed of change is increasing, the costs of AI research, and who might come out on top.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.

Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.

Find out more about IMD at imd.org