ChatGPT is the latest AI product to take away Silicon Valley's breath, but it is also another one that has not proved an ability to make money.
ChatGPT is the latest product of artificial intelligence to take away Silicon Valley’s breath , but it is also yet another AI advancement that has not proved its ability to live up to a large valuation.
Projects like ChatGPT can be astounding, as they seek to test the limits of technology and push them farther. However, excitement for technological promise does not always lead to big financial returns. Don’t miss: Opinion: Delivery drones, robotaxis, even insurance — wildly hyped dreams for AI startups are giving tech investors nightmares
IDC analyst Ritu Jyoti said some of ChatGPT’s customers include DoNotPay, a startup company whose chatbot negotiator — powered by GPT-3 — helps consumers cancel subscriptions, appeal parking tickets, and in general fight large corporations. Another customer is Jasper, which uses GPT-3 to power its AI-based copywriting and content-writing software.OpenAI officials did not respond to a request for an interview, so MarketWatch turned to the free version of ChatGPT available on the web.
One confirmed customer who spoke with MarketWatch is Smartling, a cloud-based, smart-translation services company. Smartling uses GPT-3 to improve the source text of a translation in the post-editing process, before the text is passed on to translation.
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