👉 Background: In late 2015, Elon Musk and other Silicon Valley investors launched an independent research body called the OpenAI foundation. It was started as an open-source, non-profit organisation with the aim to advance digital intelligence.

👉 What happened: The AI is trained on a huge sample of text taken from across the internet. While versions of this AI had been previously released, Open AI just released its latest version called ChatGPT. And the internet is going beserk.

👉 What else: In this latest release, ChatGPT can do a whole range of things. For example:

• "Compose a short piano piece in the style of Mozart"
• "Solve the coding problem in this line of code"
• "Write a movie script about the Gold Rush in the style of Quentin Tarantino"

It can even answer follow-up questions, admit its mistakes and challenge incorrect ideas. It's considered one of the first real existential threats to human professions.

What's the key learning?

💡Any technology that has the potential to automate tasks means the potential to cause job losses. And experts around the world are calling ChatGPT a significant advancement in the world of conversational A.I.

💡Based on its functionality, it could potentially replace the jobs of many skilled workers. Think: journalists, film makers, marketers and even software engineers.

💡In the past, we’ve seen the chatbot hype wave with the rollout of AI bots from Facebook and Microsoft - but these chatbots were of pretty low quality so people stopped using them. But while ChatGPT doesn’t quite have the nuance of an intelligent, critical-thinking human being, it shows the potential of a responsive AI bot in the future.

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