Capital Hacking EP 267: What is ChatGPT and How Can We Harness the Power of AI For Our Businesses?
The rapid innovation of technology today inevitably reduces people’s ‘cost’ of living and increases life quality. Today’s guest, Will Brown, explains to us deeply what ChatGPT is, how it works, and how AI helps people in many aspects of their business nowadays.
He also shared with us how he created an AI company that is customer service-based and sales-based. He explains how it works 24/7 and why it costs just a fraction of what you’d pay for your customer service or sales representatives. Tune in now and discover the power of AI you can use to scale your business!
Key Points from This Episode:
- Will shares his backstory and what he’s doing in terms of business right now.
- How did Will start mining for bitcoin at the age of 14?
- Will talks about his company called MagicForm.ai and what Chat GPT is.
- How do his machines or AI talk to customers?
- How does technology reduce people’s cost of living and increase life quality?
- Will shares how he came up with the idea of artificial intelligence.
- What type of companies would benefit from Magic Form?
- What happens on a GPT chat and how is it a “calculator for language” today?
- Will totals the cost it takes for Magic Form AI to help companies scale faster.
- How does ChatGPT help Will, the founder, see a glimpse of his customer’s mind, demands and imagination on how would they want to use the software?
- Will presents a video that explains one by one how ChatGPT works.
- Will discusses what GPT-3 Powered Chatbot is.
- What is ChatGPT’s legal defense regarding how it works and how it gives information?
- Will clarifies how the code of the AI works.
- Will, Josh, and John conversed about text-to-speech and how it works.
Tweetables:
“These (Chat GPT) models have read the entire internet and all they're looking at is which words are used next to other words, and from that, you can ask it a question, you can have it write an essay, you can give it the medical or the bar exam, it just passed those.” – Will Brown
“It increases the quality of life and reduces the cost of living. And when I say cost, I mean input costs like energy input to get a certain result.” – Will Brown
“You could have an AI that's been trained and is the one source of truth for all your customers that's there to answer all their questions and hold their hand at every step along the way.” – Will Brown
“If this isn't the companies of the future, where you have pretty much an entirely AI-enabled organization, I don't know how human beings stand a chance when it comes to hourly, repetitive work.” – Will Brown
“This is my point that we actually have no idea what we're capable of, we have a frame of referenc
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We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.