The introduction of Netscape Navigator in 1994 revolutionized the way people accessed the Internet by providing a user-friendly interface. It sparked a period of disruption and countless business opportunities, transforming the world by making the internet widely available and necessary for all businesses.
Similarly, the launch of ChatGPT on November 29, 2022 is expected to usher in a new era of change by providing an accessible interface for the general public and businesses to interact with AI. Innovative entrepreneurs will leverage ChatGPT to generate a plethora of new business opportunities. Already, various new businesses and applications are emerging and this is just the beginning.
ChatGPT is a type of language model that can be used to generate human-like text. It can be used in a variety of applications, including:
- Chatbots: ChatGPT can be used to build chatbots that can respond to users’ messages in a natural and conversational way. This can be used in customer service, e-commerce, and other industries where interacting with customers via text is common.
- Text Generation: ChatGPT can be used to generate written content, such as articles, stories, and even poetry.
- Language Translation: By using the model to translate text in one language and then retraining it with text in another language, chatGPT can be used to translate text between languages.
- Summarization: ChatGPT can be used to summarize large amounts of text by generating a shorter version that still contains the most important information.
- Text completion: Users can type a few words or phrases and ChatGPT will complete it with a full sentence or even a paragraph that makes sense with those starting words.
These are just a few examples of how ChatGPT can be used in practical applications. Overall, the goal of ChatGPT is to make computers more capable of understanding and generating human language, which can make interacting with technology more natural and intuitive for non-technical people.
To get started in using ChatGPT go to: https://openai.com/blog/chatgpt/
As ChatGPT is a language model which has been recently released, it would be hard to give a definitive list of businesses created with it. However, ChatGPT can be applied in a variety of ways to create new businesses, some examples of these are:
- Chatbot services for customer service, e-commerce, and other industries
- Content generation for websites, social media, and marketing campaigns
- Language translation services
- Text summarization for news articles, legal documents, and research papers
- Text completion applications for mobile devices and computers
- Automated script writing for film and television
- Automatic caption and subtitle generation for videos
- Language model-powered writing tools for bloggers, authors, and other writers
Keep in mind that these are just examples and businesses and application built with ChatGPT may not be limited to those. Entrepreneurs can come with other creative ways to leverage its capabilities to their own needs.
ChatGTP is a product of OpenAI
“OpenAI is an AI research and deployment company. Our mission is to ensure that artificial general intelligence benefits all of humanity.“
GSV|connect 