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ChatGPT can take law school exams, write articles and possibly help with cheating in class. The power of AI is evolving so fast that there will be more headlines about what it can do in the future (and the problems that could arise as a result).
What do the ChatGPT controversies tell us, and what’s next when tech giants like Microsoft bring billions into new investments?
Where AI stands now
ChatGPT’s ability to pass law school exams demonstrates the power of artificial intelligence. This is an exciting development for scientists and tech companies as it shows that AI can interpret concepts, understand linguistic nuances and provide detailed answers. This could open up several opportunities for AI-powered applications in industries ranging from healthcare and finance to start-ups.
While ChatGPT’s achievement is impressive, it highlights one significant limitation of current AI technology: it still requires humans to provide inputs and review the output before it can be used in the real world.
For example, while ChatGPT was able to pass the law exam on its own, it was unable to answer all the questions correctly on its own. In order to take advantage and achieve a higher score, people have to view and edit the answers before they can be submitted.
What the ChatGPT controversy tells us now
The ChatGPT controversy is an example of misplaced faith in the power of artificial intelligence. This technology will continue to disrupt the development of technology and many industries for many years to come. It will improve, simplify tasks, speed up content writing, and change our work forever. What it won’t do is replace human experience and connection. It cannot use human knowledge and understanding to rethink decisions and strategies (not yet, anyway).
ChatGPT uses AI to decipher complex topics, but it can’t handle strategy. It simply cannot provide the same care and attention as a well-crafted strategy. That’s not to say AI technology doesn’t have powerful applications, but its uses are limited and shouldn’t be relied upon to tell us how best to approach future scenarios in a given situation.
OpenAI brilliantly developed ChatGPT to pull data from existing readily available content, mainly from Google. But just as Google Search creates content with the best SEO first, ChatGPT will fetch the data it considers the most relevant match, but not necessarily the best match. Moving forward, we must remember that while AI technology can help us get answers faster, sound strategies will always be essential for better decision-making and action.
Relying solely on machine learning, ChatGPT reminded us that AI cannot solve all the problems entrepreneurs face. Flexibility is needed to anticipate and respond to changing market conditions and to answer questions that cannot be formally answered.
In addition, AI must be used with experienced decision makers who understand the nuances of each situation and can act accordingly. We need to carefully consider issues where AI might fail and instead entrust decisions to human expertise.
This controversy highlights the importance of human knowledge for informed decision-making, showing that no matter how advanced technology may be, it can never replace common sense.
What’s next?
As tech giants such as Microsoft make massive investments in AI research and development, we will see more breakthroughs in this field. However, as we move forward with these changes, we need to consider both the potential benefits and disadvantages of using this technology – especially when it comes to ethical issues such as privacy concerns or automated decision-making.
The controversy surrounding ChatGPT tells budding entrepreneurs that having a sound strategy is paramount if they want growth and scale. It’s easy to fall for the promise of automated content, but without a plan to effectively reach and engage your ideal audience, it won’t make much of an impact.
What is a reasonable strategy for implementing ChatGPT or others that will follow Microsoft and Meta?
- First, strategy starts with asking yourself and your team questions. What can we produce that is unique to our brand, offer and recipients? What content do we have that is unique to me that no one else has? If you can’t answer, it’s time to define your brand story.
- How does your brand’s original content connect with your target audience? Are there better or more straightforward ways to simplify this content to increase audience engagement? Rethink how this can be completed and implemented without AI.
- ChatGPT is last, not first. Use technology to enhance what your brand already has and represents in the market. Develop a brand strategy based on what you own, get that message across to the right audience, and only then use AI to build on that foundation.
Successful entrepreneurship requires much more than focusing on ChatGPT, AI or other technology. Planning, researching, and staying on course consistently are the basic foundations that need to be established first. ChatGPT could be an essential tool to improve these fundamentals once established. ChatGPT can perform mundane tasks quickly and easily, allowing entrepreneurs to focus on other areas of their business, while ChatGPT performs tedious but necessary tasks on its own. ChatGPT should not replace the basics, but complement them, giving entrepreneurs the time they need to fully commit to building a successful venture.
