ChatGPT and Retail: Reality, Hype, What's Next, and How to Prepare
ChatGPT, a language model developed by OpenAI, has fast become one of the biggest buzzwords in retail. The model, launched as a prototype in November 2022, is the latest iteration of the AI technology promising to revolutionize ecommerce. But retailers remain cautious over its potential pitfalls, especially concerning direct interactions with customers.
Looking into the future, the most viable and valuable use cases are believed to be chatbots, product descriptions, personalized product recommendations, content creation, automatic translation, data analysis, and product development. However, the not-so-promising use cases for generative AI in retail are in customer service and enhanced search.
Generative AI's rise may seem sudden given the current media frenzy, but it's been evolving for some time. It still has some way to go before it can deliver on its promises, and different retailers are at different stages in terms of understanding its potential. Want to delve into the future of generative AI and provide actionable steps for retailers and brands to prepare for its rise?Sign up for notifications from Insider! Stay up to date with what you want to know.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 free ChatGPT and generative AI coursesUnleash your creativity and dive into the fascinating world of AI-powered conversation and generative models to master the art of ChatGPT and Generative AI. Don't miss this opportunity to level up your AI skills!
Read more »
The Driving Force Behind ChatGPT | HackerNoonInspired by living beings, reinforcement learning teaches machines (or agents) to gather positive rewards and avoid negative ones in their environment. - chatgpt ai
Read more »
Tesla Will Have Its 'ChatGPT Moment' With Full Self-Driving Cars, Says Elon Musk - CleanTechnica(AI) involved in Full Self-Driving (FSD). Musk pointed to the recent popularity of ChatGPT, adding that FSD
Read more »
The tech industry was deflating. Then came ChatGPT.SAN FRANCISCO - A year ago, the mood in Silicon Valley was dour. Big Tech stocks were falling, the cryptocurrency bubble had popped, and a wave of layoffs was beginning to sweep through the industry. Then the artificial intelligence boom hit.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Since then, venture capitalists have been throwing money at AI start-ups, investing over $11 billion in May alone, according to data firm PitchBook
Read more »
Elliptic to Utilize Chatgpt in Intelligence Gathering – Technology Bitcoin NewsBlockchain analytics company Elliptic said it’s going to use Openai’s Chatgpt to support its intelligence gathering and research.
Read more »
How To Use ChatGPT for Crypto Research | CoinMarketCapChatGPT and other AI assistants like can help you save a lot of time doing your crypto research. 🔎 Discover how to review crypto protocols, analyze tokenomics, assess valuations and more with AI tools.
Read more »