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We are of course talking about ChatGPT. Touted as the next era of innovation, ChatGPT was first launched as a prototype in November 22 and quickly grew to over 100million users making it the most quickly adopted piece of software ever used. In fact it grew so fast that is it now only possible to join a waiting list for an account. It’s also currently free to use (in its basic form), although we suspect this will not always be the case. So whether you love new technology or are a late adopter it’s worth knowing more about how ChatGPT can help your business and what to look out for.
Before we go any further it’s important to understand what ChatGPT is, what it can do, and its limitations.
ChatGPT is the latest development in Artificial Intelligence, developed by OpenAI. It is a natural language chatbot. Unlike Siri, Google Assistant or Alexa, it is built on what is called LLM (Large Language Model). Rather than being built for one specific role (with model answers) ChatGPT is trained to generate new responses. Also unlike the chatbots of old, it is continually learning, meaning that it will take into account previous conversations and questions when it answers.
ChatGPT has been trained on a colossal amount of text from various sources, including books, articles and the internet. It has learnt to digest all that text, learning patterns and grammar to develop its understanding of language.
There are a couple of obvious immediate uses for small businesses, particularly if you are not a good writer. ChatGPT is a language expert with access to a huge knowledge base and can be a great place to start if you are needing to for example write a business report, or need advice on strategy or planning. Did you know you can ask ChatGPT to improve your own writing? Try asking it to plan your social media for you – ChatGPT will provide some great advice on where to start. Another obvious use is marketing content generation, for example content for your website, or blogs.
While the above are fairly obvious, there are a few other things you might not have thought of, that OpenAI are keen to suggest. Try asking ChatGPT how it can help small businesses. It will suggest that businesses should leverage ChatGPT for enhancing operations and to improve customer interactions, for instance customer support and FAQs (a more enhanced, personalised chatbot), tracking order status, product recommendations (based on previous buying habits), appointment scheduling and a virtual assistant.
Ok so here are the provisos! Even according to ChatGPT itself, it of course has it’s limitations. “Of course, Chat GPT is not without its limits. It might struggle with context sometimes, and you might catch it spouting out an odd answer that leaves you scratching your head. But hey, even the greatest conversationalists have their off days, right?”. Here are a few things to be aware of if you are using ChatGPT in your business:
We’ve been experimenting with ChatGPT and we recommend you do to! Try these for fun:
And if you are really needing something to fill your time, according to ChatGPT, “ChatGPT is like having a chatty buddy with an infinite knowledge library. It’s like having a super-smart parrot that doesn’t just repeat what you say but actually understands and responds in a way that makes your jaw drop. You can ask it questions about anything under the sun, from mysteries of the universe to the best recipe for chocolate chip cookies.”
At MarketElements we have been experimenting with ChatGPT for a few months. Here are a few recommendations: