ChatGPT: Harnessing the Power of Disruptive AI Technology
ChatGPT is a product created by OpenAI, an organization formed by Elon Musk, Sam Altman, and others in 2015.
It raised $1 billion from Microsoft in 2019 and is currently valued at around $20 billion.
OpenAI is also the company behind DALL-E, the deep learning generative art program whose creations have gone viral thousands of times.
ChatGPT has gone viral and reached 1 million users in just 5 days since launch. For context, here’s how long it took other products to reach 1 million users:
Netflix - 41 months
Twitter - 24 months
Facebook - 10 months
Instagram - 2.5 months
Why is ChatGPT important?
It can eliminate hours of research, sort through millions of data points, and even write research papers.
And it can do something no search engine has been able to do before: Take in the information and form coherent opinions about topics that require nuanced thinking.
ChatGPT could be a good debugging companion; it not only explains the bug but fixes it and explain the fix.
ChatGPT can do the legwork of putting together an investment thesis.
Imagine ChatGPT could drastically eliminate research time. Instead of digging through a 10-Q for several minutes, you could just ask the app to find a specific number for you in an instant.
It’s like having a super-powered research assistant.
ChatGPT makes it much easier to find information instantly.
With Google, you often have to sort through information to find the “right” answer, skipping over search results that are engineered by marketers to show up on the first page.
ChatGPT does all of that for us.