

Why You (and Your Company) Need to Experiment with ChatGPT Now
71 snips Mar 14, 2023
Ethan Mollick, an Associate Professor of Management at The Wharton School and expert in AI and innovation, discusses the urgent need for companies to experiment with ChatGPT. He highlights significant productivity boosts from early adopters and the importance of adapting to these technologies. Mollick emphasizes the role of AI in enhancing hybrid work, streamlining managerial tasks, and improving hiring practices. He also addresses the ethical implications and the necessity of proactive experimentation despite ongoing uncertainties.
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ChatGPT's Breakthrough
- ChatGPT's underlying tech (GPT-3) existed for over a year, performing moderately.
- Crossing a capability threshold with larger models and chat integration significantly boosted its usefulness.
Significant Productivity Gains
- Preliminary studies show 30-50% productivity boosts with ChatGPT, even for untrained users.
- This surpasses the productivity gains from adding steam power to American plants in the 1800s.
Explore and Experiment
- Explore ChatGPT's applications yourself, as there's no set manual.
- It excels in writing, coding, research (with internet integration), and idea generation.