ChatGPT: Unlocking the Potential of Large Language Models

ChatGPT is the most rapidly growing app in history. According to reports, OpenAI's ChatGPT is the fastest-growing tool or app in history, overtaking the likes of TikTok, Instagram, and others. ChatGPT reached 1 million users in just 5 days after launch, 57 million users in December 2022 after launching on November 30, 2022, and 100 million users by January 2023, all of which support its record adoption rate and thus success. Our global report focuses on ChatGPT, adjacent AI use cases that may emerge by industry or sector, the AI hardware supply chain that will scale it, and finally the companies that will benefit from rapidly increasing AI model deployments.

Our report provides investors with an understanding of the implications beyond the information technology industry, as well as a foundational understanding of ChatGPT, the large language models on which it is built, and finally the regulatory implications and risks associated with using such a tool.

In our opinion, generative artificial intelligence will be transformative after further tuning and regulation. We see OpenAI's technological innovations, the evolution of generative and conversational AI (ChatGPT is a product of generative AI), and Microsoft's Bing AI (among other apps and services) as broadly transformative and primarily a productivity, cost-cutting, and efficiency tool versus a revenue-generating tool today in most industries. The information technology industry is a clear exception, thanks to ChatGPT's ability to write and check code in multiple programming languages, which can significantly increase the speed of software innovation.

Other industries that require professionals to search for or validate facts or inquiries will benefit in real time, as ChatGPT is already a useful tool for several productivity use cases, such as idea or content generation (for example, we asked ChatGPT what we should name this report, and it gave us ten options; this one stuck: Unlocking the Potential of Large Language Models).

OpenAI's LLMs have been fine-tuned over time, with the most recent major milestone being OpenAI's recently released GPT-4, an LLM with significantly more functionality (reliability, creativity, and instructional sophistication) than GPT-3.

Despite the fact that ChatGPT (and other recent generative AI innovations) have already been adopted by businesses and organizations around the world, there are risks associated with ChatGPT, as well as some limitations of the GPT LLMs.

As a result, we believe that rules and regulations are required for AI development, particularly for ChatGPT, given the potential impact on society. Although there are no current regulations on ChatGPT, relevant discussions have been taking place to ensure that the impact of recent developments is responsible and controlled.

The increasing popularity of ChatGPT has proved that ongoing innovations in conversational AI are materializing at a faster-than-expected pace... ChatGPT Plus is here and now.