Released in November 2022, ChatGPT has quickly garnered attention (both positive and negative) for its ability to mimic human conversation and journalism.
Senior Corporate Finance Associate, Jack Colreavy, CFA, discusses ChatGPT and its broad applications.
Late last year, there was a big development in the world of AI. You may have heard about something called chat GPT, but not understand what it actually is. So chat GPT is a language model that really has the ability to generate human like texts, making it well suited for a number of automated tasks, such as chat box, language, translation, things of that sort of nature.
And it's been a huge development, um, for the world of AI because it's really opened up AI to the masses. It's a really easy to use interface and the reception has been mostly positive. However, the criticisms come from the fact that That it can be used for nefarious purposes, such as writing fillishing emails or plagiarism.
So, in academia, for example, they're having a real problems with students getting chat GPT to write their essays and then submitting it. And it's really difficult for professors to pick up on this because it's quite, Unique and it's not directly copied and pasted from say a Wikipedia page. So nonetheless, despite the flaws, it's a really exciting development in the world of AI and it really is starting to show the potential for major market disruption.
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Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261
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Disclaimer:
Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.