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Writer's pictureHuman Capital Advisors

CHATGPT

The Start of the AI Arms Race

If you work in the corporate word, we are sure the topic of ChatGPT has come up. As with all new technology advances, many are worried about the ramifications and what this might mean for the job market. Within minutes of Microsoft's announcement of ChatGPT, Google entered the chat and announced their version entitled Bard. With the start of the AI arms race, we've broken down all the details for you here.

 
SO WHAT IS CHATGPT?

"What is ChatGPT? I asked the buzzy artificial intelligence chatbot, which has ignited conversation in schools, corporate boardrooms and social media, to explain itself.


In its own description, ChatGPT is “an AI-powered chatbot developed by OpenAI, based on the GPT (Generative Pretrained Transformer) language model. It uses deep learning techniques to generate human-like responses to text inputs in a conversational manner.” The tool is the talk of the business world. It has been mentioned on earnings calls by management from a range of companies including oil giants, banks — and even the industrial behemoth Caterpillar.


It has also sparked concerns over potential abuses. In classrooms, students have used ChatGPT to generate entire essays, while hackers have begun testing it to write malicious code. So what is ChatGPT, exactly? Here’s a simple guide on all you need to know about the popular AI chatbot." Learn more


CHATGPT 101 FOR HR PROS

"In "Making HR Tech Easy," work tech expert Tim Sackett, SHRM-SCP, makes complex HR technology understandable for all HR professionals, because having a high competency in HR technology is critical to moving your HR career forward.


It's been really hard not to hear about Open.AI's ChatGPT over the past couple of months. It seems like everyone has been talking about it since its recent release in 2022. But if you're just now encountering it, ChatGPT is a conversational software-as-a-service artificial intelligence (AI) chatbot that understands the intent of complex, specific questions and has the potential to produce human-quality responses. Yes, really human!

I say "potential" because it's still learning. Although it's already pretty good, and it gets better every minute as millions of people use it. Why should you care about an AI chatbot that can answer questions like a human? Because it will most likely change work in both significant and minor ways in the near future, similar to what we saw during the first Industrial Revolution." Learn more


RAMIFICATIONS ON THE JOB MARKET

"The ChatGPT fear is real. The A.I. is already outstripping human candidates on job applications and top economists have said it will take over half the jobs in the U.S., while lowering the wages of the roles remaining. And now OpenAI's bot has revealed which roles it thinks it is "likely" to take over. Fortune asked ChatGPT: "Which jobs do you think ChatGPT will replace?"


It coyly responded that it "could not predict the future" but added there are "some tasks currently performed by people [which] may become automated or streamlined by technology like me." These included: Data entry and data processing, customer service and support roles (e.g., answering frequently asked questions), translation tasks and report writing and content generation." Learn More

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