ChatGPT Is About to Revolutionize the Economy. We Need to Decide What That Looks Like.

March 27, 2023

(MIT Technology Review) – You can practically hear the shrieks from corner offices around the world: “What is our ChatGPT play? How do we make money off this?” But while companies and executives see a clear chance to cash in, the likely impact of the technology on workers and the economy on the whole is far less obvious. Despite their limitations—chief among of them their propensity for making stuff up—ChatGPT and other recently released generative AI models hold the promise of automating all sorts of tasks that were previously thought to be solely in the realm of human creativity and reasoning, from writing to creating graphics to summarizing and analyzing data. That has left economists unsure how jobs and overall productivity might be affected. (Read More)