I've found ChatGPT mildly interesting... until a manager shared an experiment he did last week. He asked a few bench analysts to spend an hour researching basic questions a client might ask (e.g. "which Fortune 500 companies have the most questionable ESG strategies and why?") and to answer via 2-3 short paragraphs. He posed the same questions to ChatGPT. He shuffled all the responses and asked a number of us to spot the AI answer. NOBODY picked correctly.

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An “hour” of bench analyst time where they don’t have much direction is pretty low effort, tbh.

I like ChatGPT a lot but its answers to technical questions are superficially impressive but anyone with expertise doesn’t find it too helpful.

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That might be true now, but AI is likely to grow exponentially…

This isn't all that surprising if you're asking analysts with no context to only spend an hour on something. What this suggests to me is the ChatGPT output is also not that useful

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Google’s search monopoly is finally under threat

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Not yet but will be in future releases. This beta is already super impressive

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This sounds correct -- I've heard the best way to think through ChatGPT use cases is to imagine you have an infinite supply of dumb people, not acess to a smart, all-knowing AI

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Love that analogy

Can chatGPT handle "pls fix" though?

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It's called 'try again' haha

I agree that comparing ChatGPT to an hour of a green analyst is not an indication of its potential to replace consultants. However, ChatGPT is a very early prototype that will get significantly better, very quickly... certainly as millions of people keep feeding it questions to test its limits.

What intrigues me is that if today it comes close to answering basic rudimentary questions, how might it be used not as a replacement for staff but to augment the teams and allow the humans to focus on more complex challenges - if they are freed up from spending time on more mundane questions? Conversely, does spending time working on rudimentary challenges offer the context humans need to do complex work and removing that would hinder one's ability to solve complex challenges effectively?

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How long do you plan to stay in Chicago? If 5+ years, buy. Be sure to pick a place easy to resell or rent out later.

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It comes down to how creative you are with using it. It’s not going to give you all the correct answers because it’s not connected to the internet. The day that happens, holy shitballz, the world will change.

Still have to invest in future talent or you'll have nobody to run the company without you when you retire

Ask chatGPT how current it’s information is and then you have your answer

This is just the first public iteration, based on data till 2021 (?). Think of more updated models, and trained with all the questions we are asking it now …

scary for me as an incoming analyst

Wait so was the example question you gave one of the actual questions they used? I just tried it and ChatGPT can't answer it.

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