To paraphrase Will Ferrell’s dialogue as fashion designer Jacobim Mugatu in the 2001 Ben Stiller comedy, Zoolander, ChatGPT is so hot right now. The artificial intelligence (AI) chatbot conducts nearly human-like conversations and performs language-based tasks that makes Siri look like an imbecile—from writing academic papers to generating social media captions and helping students raise their grade point averages by authoring better history essays. ChatGPT has focused society and the investment world squarely on the potential power of AI in the very near
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This power goes well beyond fun wordplay. There are numerous business applications for AI, ranging from early detection of disease in humans to real-time data analytics that can streamline manufacturing processes.
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