ChatGPT. Rambling on Opportunities.
I've been thinking about this lately multiple times a day.
I just want to push my thought out without ever intend to imply or persuade anyone for anything.
The most important skill to have in 2023 onwards amidst the time that ChatGPT or per say AI advancement able to deeply penetrate to end-user more than ever is not a technical skill but more on marketing.
Barrier is much lowered, now those tiktokers or youtubers who already had much larger audience would be able to jump on this hot path boosting their business further by taking advantage on ChatGPT and its AI advancement.
Take a dilemma aside for consent whether or not you agree for ChatGPT, or Midjourney to have your published articles, public domain code, technical code answer on stackoverflow, art pieces on artistic platforms, etc as a train data from 2021 and earlier. It already happened and as we just know it, we are actually a "product".
The following is some of the business opportunities I've seen lately
Youtube Channel for Niche Market
Youtube channel for niche market taking advantage of Midjourney with $10 / month to generate images in theme of futuristic, 80s horror film, meme comparison from known public facing individuals to what you can imagine to be, or realms you can imagine. For sake of entertainment, gaining views, thus Ads revenue. Good thing, seems like the entire process can be fully automated from key terms input to publishing video on Youtube.
Roughly
Although there might be a need for human to intervene choosing which image is best for use, but most image output is good enough.
Children Book (ethical or not ?)
You might see this twitter thread that a guy uses ChatGPT, and Midjourney (also with some other AI tools), but mostly Midjourney for image generation is enough to populate the image materials for the book which is the main part. He published the book for a physical copy on sale on Amazon as well.
This heats the debate whether taking advantage of such AI is considered to be in a good side. But as far as I know even before that there was a class action lawsuit from bunch of artists towards those AI generator platforms. Why? As I said, it sources bunch of art pieces from non-consent artists out there without permission. We shall leave this as another topic of discussion, I'm neutral in this article, leave it for another day.
Point is there is this great opportunity to tap into far different industry than we ever expect. Would you imagine a tech personnel would be able to jump into book industry like this? Not without the help of AI.
Copy writing
Make it either blog posts, promo article, company statement, or something else related. Start with ChatGPT to generate a pre-adjustment text before putting it into paraphase & rearrangement tools to make it less likely to be detected as fraud for plagiarise. Example of those services are
As you know, it sparks a problem on the receiving end e.g. university especially need to find a way to detect fraud in cheating from the submission.
Book Authorship (ethical or not?)
I separate this section from previous to emphasize the important and notable capability of image generation more on children book. But generally for general book, ChatGPT can help you quickly write a book as well.
Be it a real physical copy, pdf, or digital online book. It usually has the following process
There are Gumroad, or even globally via Amazon; both for which people sell books on.
Not to mention that someone might take this benefit to talk with the book publisher for less effort, but big partnership of deals in book sales on shelves for physical copy.
Again set aside the dilemma on ethical, there are always two side taking the benefit of things at hands.
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Professional AI-generated Image
Top of my mind would be Avatarai.me which made individually by Pieter Levels. This is one great example that one individual can beat the corporate engagement into this field by taking advantage of ready out-of-box AI generator and years of product building in regarding to website design, backend server management, website creation. You don't have to be expert in AI field to be able to create a business out of it.
There would definitely be similar services following up from this as Pieter is way faster, and usually a first mover in blue ocean market.
This could expand into baking-in customers' face into video, create a virtual anchor of news / company announcement from the input text users give in, etc. These are ideas Pieter already thought about, just for a note :)
Predict the Direction of Market with Machine Learning
Although it has been in the state of active research and experiment for quite some times now, but with arrival of ChatGPT, it would spark more interests toward such topic. I've seen tons of articles on MQL5.com about integrating machine learning with trading. That speaks volume about interest in using historical data to combine with automated learning to help in making profit in trading.
So take advantage of huge historical pre-trained data, and ability to learn and adapt according to the current sentiment of economic news or events. A trading robot that could adapt to any circumstance, and make profit sounds good to be true right? Yes, until it really happens.
I understand the market can somewhat perceived as completely random due to ton of factors, Anything is not 100% accurate. No such strategy can withstand and make profit all the time. It's the number games. But until these are proven wrong some times in the future.
I will definitely be following this closely.
and below is the opportunities I think that it has benefit for companies to cut more cost
Support personnel
Imagine support personnels on Crypto, Forex exchanges, yes you need them to solve important issues in timely manner. But what happens if they are not available 24 hours, or one personnel has to handle too many customers thus slow in respond? Companies can take advantage of ChatGPT then combine with their own years history of interaction between customers and support personnels.
One idea is by further train the data set basing on "gpt" as used by ChatGPT, then use Hugging face which is a transformer library on Python to further train on existing data set. Now knowledge from ChatGPT combines with your company data would likely be an option to explore amidst the accuracy that might need to be adjusted or manually monitored, but that's the start in my opinion.
Please note that is an idea, and I didn't try it myself yet. After all it's the possibility for companies to cut cost on entire support department in future years to come.
Opt-out of top-notch or expert in the field for small to mid company
Small to mid company would less likely have that much budget to hire multiple of decade of experience developer to join in their company. Even if they could, that means budget is less to hire more less-senior developers, or for other things.
Not only small to mid, but big tech companies already cut the cost by laying off in scale of 10k individuals.
Companies might change their mindset and put more weight to hire more passionated and eager-to-learn developer. Turn over would be less. The secret though? Software engineer can consult ChatGPT to generate hard to implement piece of algorithm, or generate piece of code to guide their way of further expanding and completion. Reduced time in research, more time in testing the code, and see it in action. Developers would spend their time later to do research from new key words they discover from the generated code.
What I mean is that company has more budget to hire more developer to reduce time to market or expand horizontally. But at least they would likely need to hire someone with years of experience to pave the way for their tech, and envision future in areas that AI is less capable of. Because ChatGPT totally bases on its pre-trained data. It lacks of reinenforcement learning thus cannot fill the gap of knowledge dynamically. Overall, this is another idea to cut cost.
It should not stop here, but I'm hungry now. I might write more.
Warning: This article you're reading might be generated from ChatGPT. Who knows?