It seems like in technology, the only thing people are talking about these days is ChatGPT and AI. I believe this is going to have a profound impact on running a small business (and your life). For example, I needed a job description for an inside salesperson. I asked ChatGPT to write it. I asked how much money I needed to retire at a 5% interest rate. ChatGPT built me a model and told me.
This is what ChatGPT wrote about itself:
“ChatGPT is an advanced language model developed by OpenAI. It is based on the GPT-3.5 architecture, which stands for “Generative Pre-trained Transformer 3.5.” GPT-3.5 is part of the GPT series, which builds upon previous iterations to provide more sophisticated and context-aware responses.
ChatGPT is designed to generate human-like text and engage in conversational interactions. It has been trained on a wide range of internet text, including books, articles, websites, and more, to develop a broad understanding of language and knowledge. The model can answer questions, provide explanations, offer suggestions, and engage in discussions on various topics.
OpenAI encourages users to critically evaluate and fact-check the information provided by ChatGPT, as it should be treated as a tool to generate responses rather than a definitive source of truth.”
On The Small Business Radio Show this week, I discussed this with John Lawson, the CEO at ColderICE, Amazon #1 best-selling author, IBM Futurist and eBay Influencer. He is celebrated as one of the Top 100 Small Business Influencers in America and crowned “Savviest in Social Media” by StartUp Nation.
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Here is what I asked John:
- What should we know about AI now and is there a true fear of missing out?
- Is AI an extinction risk for humans and some small businesses?
- Why do AIs lie?
- Do I need to speak English to use this?
- What are “Generative AI Prompts” and how are they used?
- What effect on small this year and next?
- Do you need to disclose you are using an AI?