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The Marketing Architects

How to use LLMs for Market Research

Jul 16, 2024
The podcast explores the use of AI-driven market research and the practical applications of LLMs for better understanding audiences. Topics include simulating human responses, synthetic audiences vs. traditional methods, launching ScriptSooth for pretesting TV commercials, and potential futures of AI.
25:37

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Quick takeaways

  • LLMs can accurately predict human responses in market research with GPT-3.
  • Skepticism exists on whether synthetic audiences in LLMs can capture human behavior nuances accurately.

Deep dives

Use of GPT-3 in Market Research

The podcast episode discusses a study exploring the use of GPT-3, an advanced language model, to replicate human responses in market research. The study found that GPT-3 could generate lists of political partisans and predict voting patterns with high accuracy. By conditioning GPT-3 with demographic data, it successfully replicated individual human responses to survey questions. This approach allows for faster, cost-effective research without compromising accuracy.

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