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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opera is getting its own AI side panel to match EdgePowered by ChatGPT.
Read more »
ChatGPT and Generative AI in Media and AdvertisingChatGPT and Generative AI in Media and Advertising: With Use Cases Set, the Battle for Hearts and Minds Begins
Read more »
How to Install PrivateGPT: A Local ChatGPT-Like Instance with No Internet Required | HackerNoonA powerful tool that allows you to query documents locally without the need for an internet connection. Whether you're a researcher, dev, or just curious about - openai chatgpt
Read more »
The Security Hole at the Heart of ChatGPT and BingA number of examples of indirect prompt-injection attacks have centered on large language models (LLMs) in recent weeks, including OpenAI’s ChatGPT and Microsoft’s Bing chat system. It has also been demonstrated how ChatGPT’s plug-ins can be abused.
Read more »
TradeGDT AI Project Achieves 10% of Bybit Derivatives Trading Volume in 4 Hours | HackerNoonJoin TraderDAO's TradeGDT revolution and harness the power of advanced quant trading and ChatGPT integration. - cryptocurrency trading
Read more »