ChatGPT and Generative AI: What Are the Implications of This Technology?
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ChatGPT and Generative AI: What Are the Implications of This Technology?

OpenAI’s ChatGPT is reported to have seen growth rates that suggest it is the fastest-growing tool/app in history, registering 100 million users by January 2023 after its launch in November 2022. Our global research report is focused on ChatGPT, adjacent AI use cases that may emerge by industry/sector, the AI hardware supply chain that will scale it, and finally the companies that are most likely to benefit on the back of sharply increasing AI model deployments.

We view OpenAI’s technology innovations, the progression of generative/conversational AI, and Microsoft’s Bing AI broadly transformative and predominantly a productivity, cost-cutting, and efficiency tool versus a revenue-generating tool today as it pertains to most industries. In this report we detail over 100 examples of use cases of both ChatGPT, and key AI uses cases beyond ChatGPT across 13 industries. However, despite ChatGPT (and other recent AI innovations) being embraced by businesses and organizations globally already, there are risks posed by ChatGPT and some limitations of the GPT Large Language Models (LLMs) have surfaced, likely requiring regulation considering the impact it has on society.

We therefore believe rules and regulations are needed for AI development and ChatGPT specifically considering the potential impact it has on society. Although there are no current regulations on ChatGPT yet, relevant discussions have been going on regarding how to make sure the impact from the recent developments are responsible and controlled.

@Sami Badri
@Randy Abrams
@Chris Caso
@Shannon Cross