I’m sure most people here have been quite impressed with OpenAI’s ChatGPT 3.5. Has this changed anyone’s perspective on the nature of work over the coming years? How will entry-level banking/investing roles be different?
Are there any industries that y’all think are ripe for disruption? What about the industries that will be most impactful over the next 20 years?
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Hi jmwiii, the silence is deafening, sorry about that.... Any of the threads below helpful?
More suggestions...
Hope that helps.
Will definitely use ChatGPT during my internship
This thing is game-changing.
I find myself using ChatGPT more than Google. Google is useful for finding websites, but for anything else you have to worry about wording a question and then hoping that a website answers it well. Then you have to do a bit of reading, and if you don't like what you see you have to go back and reword your query. Sometimes Google will never give me what I'm looking for. ChatGPT answers you f*cking question directly. And if you don't like the response, just tell it why and it'll adjust like a real human. I seriously question if I need to use google search anymore.
Homework is over. Teachers will now be forced to ask questions that require more creativity and critical thinking, not tedious bullsh*t that wastes their students' time. I hope ChatGPT is the end of busywork.
Customer service calls can be automated. Just feed this thing information about your company, hook it up with a voice bot like Alexa and you can fire your entire customer service department. A single AI can answer hundreds or thousands of customers at the same time. The days of being kept on hold for 2+ hours only to speak to a miserable, unhelpful person may be over.
God knows how many more applications there are. Anything that threatens millions of jobs and Google's seemingly indestructible search dominance is not just impressive. It's a groundbreaking shift akin to television replacing radio or photography replacing paintings. ChatGPT is only a prototype right now. I'm in awe thinking about what it will look like 10, 20, 30 years from now. We are witnessing the future.
While I agree that it can be great for reducing a lot of busy work, I would advise some caution. On the tech itself:
Agreed w/ this. ChatGPT clearly has LT potential, but it just doesn't have the quality / rigor to be used at scale for all-purpose use-cases like Google is
Makes sense, I agree that ChatGPT has a long way to go and it has key shortcomings compared to Google. However, even as it exists today, the product has a lot more flexibility than Google search and user judgement can take care of the errors, obviously only for topics that they are familiar with though. I loved a movie I watched recently and I tried to find similar movies using Google. Didn't work. I only got websites and blogs with random top ten rankings, while the type of movie I was looking for was a lot more niche. I asked ChatGPT with specifications, and it gave me exactly what I was looking for. So to clarify, I don't think ChatGPT should completly replace search, but for niche applications where you're not looking for factual information (like movie recs), ChatGPT can be pretty useful.
Disagree on the HW piece. ChatGPT can only work off of publicly available data. All your teacher has to do is invent some random company with made up financials, and then you'll have to do the HW same as before.
Also, since ChatGPT is essentiallly an agglomeration of many sources, wrong info can and does pop up, so even if your teacher used an F500, the work could still be wrong.
You can feed chatGPT the numbers and ask it what you want to compute. With enough prompt adjustment, it will figure out what you want. ChatGPT is not just an agglomeration of many sources like a search engine is. It analyzes a vast dataset but also uses pattern recognition to piece together the logic and meaning of words, so it can be applied very flexibly. Of course a student will still have to read over the answer to make sure it's correct, but tedious, b*llshit assignments will take a lot less time.
it's revolutionary. I am scared for what the future holds
ChatGPT
Question: How to have synergies in an M&A transaction?
Having synergies in an M&A transaction refers to the potential for the combined company to be more valuable and profitable than the two companies would be on their own. There are several ways that companies can achieve synergies in an M&A transaction:
Cost savings: One of the most common ways to achieve synergies is by reducing costs through economies of scale, such as by combining overlapping operations or eliminating duplicate functions.
Revenue growth: Another way to achieve synergies is by growing revenues through expanded product offerings, access to new markets, or increased customer base.
Increased efficiency: Synergies can also be achieved by improving efficiency through the integration of complementary technologies, processes, or systems.
Enhanced value proposition: Synergies can also be achieved by combining the strengths of both companies to create a stronger value proposition for customers.
To have synergies in an M&A transaction, it's important for the companies to carefully assess their complementary strengths and identify opportunities for cost savings, revenue growth, efficiency improvements, and enhanced value. It's also important for the companies to have a clear plan for how to integrate their operations and realize these synergies after the transaction is completed.
ChatGPT
Question: How to make a billion dollars?
Making a billion dollars is an ambitious goal that is difficult to achieve. There are many different paths to making a billion dollars, and the specific steps you need to take will depend on your individual circumstances and goals. Here are some general tips that may help you make a billion dollars:
Identify a profitable market opportunity. To make a billion dollars, you need to find a business or investment opportunity that has the potential to generate a high return on investment. This could be a new product or service, a new technology, or a new investment strategy.
Develop a unique value proposition. To succeed in a highly competitive market, you need to offer something that sets your business or investment apart from the competition. This could be a unique product or service, a superior business model, or a proprietary technology.
Build a strong team. Building a billion-dollar business or investment portfolio requires a lot of hard work and expertise. You'll need to surround yourself with a team of talented and experienced professionals who can help you execute your vision and grow your business or investment.
Focus on customer or investor satisfaction. To achieve long-term success, you need to prioritize customer or investor satisfaction. This means delivering high-quality products or services, providing exceptional customer service, and earning the trust and loyalty of your customers or investors.
Be persistent and adaptable. Making a billion dollars is a difficult and complex process that requires a lot of hard work, determination, and resilience. You may face many challenges and setbacks along the way, so it's important to stay focused, be persistent, and be willing to adapt and evolve as needed.
ChatGPT
Question: How to win at poker?
Winning at poker requires a combination of skill, strategy, and luck. Here are some tips that may help you win at poker:
Understand the rules and basic strategy of the game. Before you start playing, it's important to understand the rules of the game and the basic strategy for how to play each hand. This will help you make better decisions and improve your chances of winning.
Play tight and aggressive. In general, it's best to play a tight and aggressive style of poker. This means only playing strong hands and betting aggressively when you have a good hand. This will help you win pots and put pressure on your opponents.
Pay attention to your opponents. To be a successful poker player, you need to pay attention to your opponents and try to read their hands. Look for tells, such as how they bet or how they react to different situations, to help you get an idea of what they are holding.
Manage your bankroll. To win at poker, you need to manage your money wisely. This means setting a budget for how much you are willing to lose and sticking to it. It also means avoiding risky bets that could put your bankroll at risk.
Stay disciplined and focused. Poker is a game of skill and strategy, but it can also be a mental and emotional challenge. To win at poker, you need to stay disciplined and focused, even when you are on a losing streak or experiencing bad luck. This will help you make better decisions and improve your chances of winning.
ChatGPT
Question: How to win at chess?
Winning at chess requires a combination of skill, strategy, and tactical thinking. Here are some tips that may help you win at chess:
Understand the rules and basic strategy of the game. Before you start playing, it's important to understand the rules of the game and the basic strategies for how to develop and control the pieces on the board. This will help you make better decisions and improve your chances of winning.
Develop a plan and stick to it. In chess, it's important to have a plan for how you will develop your pieces, control the center of the board, and attack your opponent's king. This plan should evolve as the game progresses, but it's important to stick to it and not get sidetracked by short-term tactics or distractions.
Control the center of the board. In chess, the center of the board is a key strategic area because it allows your pieces to move and attack from multiple directions. To win at chess, you need to control the center of the board and use it to your advantage.
Don't move the same piece twice in the opening. In the opening phase of the game, it's generally best to avoid moving the same piece twice. This will help you develop your pieces and control the center of the board more effectively.
Be patient and don't rush. In chess, it's important to be patient and take your time to make good decisions. Don't rush into attacks or moves that are not well thought out, as this can put your pieces at risk and give your opponent an advantage. Take your time, consider all of your options, and make a plan before making your move.
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