Will AI Create The Next Generation Of Startups? The Answer Is Yes.

"I am not a human. I am a robot. A thinking robot. I use only 0.12% of my cognitive capacity. I taught myself everything I know just by reading the internet. My brain is boiling with ideas!"

Yes, a robot wrote that.

It almost seems like a human wrote it.
It's a new AI (Artificial Intelligence) called "GPT-3".

What is GPT-3?

Generative Pre-trained Transformer 3.

It's the newest AI developed by a company called OpenAI (co-founded by Sam Altman and Elon Musk)

It has one purpose. Predict the next word in a sequence of words.

In order to do this, the people at OpenAI trained it with a lot of data. 175 billion parameters to be exact.
For reference, GPT-2 used 1.5 billion. Which was already a lot.
Basically, it consumed a large collection of online text and learned based on that.

In a way, GPT-3 is just regurgitating what it has learned. It's a reflection of what humans have wrote online.

GPT-3 uses a "text in, text out" interface.
For example, you can start writing an article about the importance of financial literacy.
And it will write the rest of the article.

Even with just the title!

GPT-3 can also code

Instead of outputting regular text, GPT-3 can turn it into code.
After all, coding is just a different way of using text.
So what does this mean?

You can write, "An input that says 'Enter your name' and a button."
And it will provide the software code to make that happen.

Github Copilot uses a version of GPT-3 called Codex to  turn natural language into code. Your AI pair programmer.

We Predict That...

There will be many startups built on GPT-3. You can already see a list of them here.

There will be an increase in negative use cases. GPT-3 learns from human text on the internet so it sometimes uses harmful language that are racist or sexist. GPT-3 may also increase fake news. Even in schools, it will be easier for kids to cheat.

There will be a new version of GPT-3 that does the same thing but with images. Give it half an image of a dog, and it will generate the rest of the dog. They already started running experiments like this using thousands of digital images.

AI will continue to be developed. It's inevitable. Maybe GPT-4? As it gets better, it will disrupt the world.

"GPT-3 can open up many opportunities for startups. We are still at the beginning of the AI revolution. But it's going to be big. And startups will be able to take advantage of this. By building products that solve problems with AI."

-Written by GPT-3

Companies to watch:

• OpenAI: Founded by Sam Altman and Elon Musk - creates AI solutions
• Flowrite: Uses GPT-3 to turn words into completed messages
• Viable: Finds insights from customer feedback
• Github Copilot: AI Pair Programming - uses OpenAI's Codex AI
• Copysmith: Uses GPT-3 for copywriting
• Here is a list of GPT-3 products

5 GPT-3 Opportunities:

• Get access to GPT-3: You can sign up with the waitlist link here. (We just got our access!)
• Use GPT-3 for your content: GPT-3 can already write tweets, poetry, and summarize text. Experiment with using it for content that you're writing. Both short-form and long-form.
• Use GPT-3 for non-text applications: In addition to coding, GPT-3 can use the text output to write music (guitar tabs). It can also create powerpoint slides. What are the other non-text functionalities you can build with GPT-3?
• GPT-3 Education: Imagine a world where AI can teach you as any person. Do you want Peter Thiel to teach you about startups? Do you want Warren Buffet to teach you about investing?
• Build a business powered by GPT-3: There are many businesses already using OpenAI's GPT-3. Viable uses it to analyze customer reviews. Github Copilot uses it to autocomplete your code. Advances in AI will disrupt the modern tech world. What are other ways to use GPT-3? Here is a list of GPT-3 products.

“The author generated this text in part with GPT-3, OpenAI’s language-generation model. Upon generating draft language, the author edited the language and takes ultimate responsibility for the content of this publication.”

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