There are so many applications for this tech that I could probably type for an hour just listing all that I can think of.
The DeepQA stuff is perfect for things like Asset Performance Management, in which large amounts of performance data are used to predict failures of machines or to capture lost efficiencies. The APM market alone is about $8 billion per year.
Operational performance is another one. Both managerial and technical. OEE and other tools for mathematically analyzing operations will be revolutionized. OEE software is about $2 billion per year, and that’s just a fraction of what companies spend on software, engineering and analysis of data.
Those are just two from the field I am most familar with. Anywhere that large datasets need to be analyzed will be revolutionized by this software.
As for ChatGPT and its future ilk, a good rule of thumb would be that if you are a white collar worker who does not have valuable domain-specific skills in manipulating the real world, your job is at risk. Again, there are so many applications it’s hard to know where to start. But let’s follow a potential employee through this new world of AI:
Employee needs a job. He gets his AI assistant to write up his resume. It is then submitted for him to every employer looking for employees who match that resume and your job requirements.
Your resume’ arrives at the employer. An AI ‘reads’ it and performs the initial choice of rejecting, phone interview, or in-person interview. If it’s a phone interview, you will be talking to an AI. Rejections come back almost instantly, with an AI helpfully explaining why you weren’t accepted. Fast turnaround means you can update your skills faster, apply for more jobs, change your resume, etc.
You get the job offer. You show up on your first day, and a company AI fine-tuned on all the HR manuals and other relevant corporate info gives you your welcoming package, tailored to your job description. you are assigned your own AI instance, which will act as your ‘buddy’ in showing you the ropes. Any questions you have get answered immediately.
You go to your first meeting. After the meeting, by the time you get back to your desk you have a transcript of the meeting, bullet points for any action items you are responsible for, and summaries of all pertinent information. This happens after every meeting.
A couple of days later, the AI notices that you had an action item for completing some code, but you haven’t checked anything in. It reminds you of your promise, asks you if you need help, does a code review for you, and gets you across the finish line in time.
Of course while you are coding an AI is helping you all the way (see: Github co-pilot).
You have to produce a progress report. You talk it through with the AI, which has all the stats for where your team is compared to where they should be. It produces the report for you, with beautiful graphs and tables. What would have taken you a half day or more was done in a couple of minutes.
Your project lead, in the meantime, has his AI producing Gantt charts, warnings about the critical path, projections for completion, which team members are falling behind, whatever. Project management is now 80% AI.
I could go on. How much is all this worth? Well, OpenAI Foundry is selling corporate plans. A ChatGPT corporate plan is $250K per year. They have a new model that’s much more advanced, though. That one is going to sell for $1.5 million per year. My prediction is that almost every large corporation will either buy this or a competitor’s equivalent. Even 1.5 million per year represents only 5-10 emp;oyees. They’ll probably save more than that just on HR manpower, let alone all the productivity enhancements the AI will bring to every employee.
This is an excellent substack that covers various AI issus. Here he’s talking about pricing of LLMs:
OpenAI's Foundry leaked pricing says a lot – if you know how to read it