What ChatGPT’s “iPhone Moment” Looks Like

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What ChatGPT’s “iPhone Moment” Looks Like
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A whole new economy could sprout on ChatGPT. That’s the good scenario.

A task-management app, for instance, might see its relevance decline as ChatGPT remembers more about users and potentially learns to prompt them about upcoming deadlines. Financial apps could fall away as A.I. learns to ingest and interpret data. And even OpenAI’s partners like Kayak might become unnecessary if the A.I. learns to navigate travel sites and find similar deals. Kayak did not respond to a request for comment.

OpenAI is just an example here, and similar issues could emerge with Microsoft’s Bing Chat and Alphabet’s Bard, perhaps even sooner. “Software is characterized by,” said Jaluria. “That’s how it’s always been. Look no further than Microsoft, right? Microsoft is an important partner but also a competitor to a lot of companies out there.”

A.I. still isn’t able to accomplish many of these tasks on its own, but even the possibility is making some investors think twice about where they’ll bet. “It’s hard to tell what’s exactly investable except for a couple of key categories,” said investor Joe Marchese. The tension will likely remain as developers consider what to build on this promising but fraught new technology. Maybe their products can use ChatGPT to help you buy lunch.

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