“The ChatGPT writing app will not be joining MoneyWeek anytime soon”
The pandemic and the war in Ukraine have already turned our lives upside down over the past few years. Will there soon be a robot rebellion to worry about too? Last December, OpenAI, a company owned by several big technology groups, released ChatGPT.
ChatGPT, an advanced chatbot that can also produce material from prompts (this is known as generative artificial intelligence, or AI), offers a “truly remarkable experience”, including a “genuinely lifelike response to enquiries” that makes it “almost impossible for users to tell that they are dealing with AI”, says David Goodman, investment manager and member of the global growth equity team at GAM Investments. Goodman thinks that ChatGPT is “just the start of a huge wave of AI applications that we expect to hit the market soon, bringing rapid disruption”.
ChatGPT has certainly drawn a great deal of attention, and Microsoft has just announced that it is investing a further $10bn in OpenAI. However, other experts urge caution. For example, Andrew Craig, founder of personal finance website Plain English Finance, and head of Conviction Life Sciences Company, an investment trust, pours cold water on the idea that it
