As the field of artificial intelligence continues to advance, the possibilities for its applications in various industries are endless. One area that has seen significant progress in recent years is natural language processing, which has led to the development of language models like the newly released GPT-4 by OpenAI, the successor of GPT-3.5 which powers the platform ChatGPT.
With the new GPT-4 model having a plethora of new features it raises the question: what are the best businesses to build with GPT-4? In this article, we will explore seven potential business opportunities that can leverage the capabilities of GPT-4, from content creation to customer service and beyond.
First, let's get onto the features of GPT-4. In the previous version of GPT, the model was only able to take inputs of only 3k words. Yet now, it can input and output up to 25k words. Additionally, ChatGPT is also now capable of taking image inputs and generating captions for them. Lastly, ChatGPT is just overall smarter now. Unfortunately as of now, these features are only available to premium ChatGPT users. But we can still leverage these new features to build revolutionary new apps for when they are released to the general public.
6. A Caption Tool
The first app that we are going to talk about is pretty straightforward. It's just an app that takes an image as input and then creates a caption for it using AI. Now if you want you can also have modes for particular niches. Like Instagram captions, Product captions, Blog Captions, etc. Overall, this can be a very revolutionary tool that can make plenty of money if done correctly.
5. A Language Translator
Now that ChatGPT is capable of taking inputs of 25k words, what if we had an app that translates any given input into a different language?
With this technology, we can translate articles and books with ease. We could just do this with an application rather than having an actual human translator. Or you could simply just be a freelancer and take on language translating services and use ChatGPT for your work.
4. Tutorial Creator
Now that ChatGPT can take more words of input and is smarter we can use this to our advantage. Almost every programming language, API, and framework has a documentation page of some sort.
What if we fed these documentation pages to ChatGPT and it then outputted a step-by-step tutorial for the user? You can either do this for freelance or create an app for it.
3. Summarizing Tool
Thanks to ChatGPT's new features, we can now build a summarizing tool that can read full articles and output a short paragraph to summarize them. Of course, it doesn't just have to read the words of the article, it can also read the images. This can prove to be a very useful tool for people trying to save time.
2. Educational Chatbots
Chatbots are already commonly used in many fields. But what if we created educational chatbots? Duolingo and Khan Academy already are leveraging the powers of GPT-4 to build educational chatbots that respond to users' questions clearly and concisely as a teacher. Not only that but they can clarify their answers.
We could perhaps start a business that provides these educational chatbots to companies and institutions around the world. There are plenty of educational companies that could benefit from this. Overall, this business idea has great potential to revolutionize the educational field.
1. Problem-Solving App
Whether you are in elementary school or trying to get your Master's degree, there will be many hard problems you encounter. It can be a range of problems from math to science to English. There are already many good problem-solving apps like Mathway but one that runs on ChatGPT could be revolutionary. Overall, it is an idea that is definitely worth your time.
Conclusion
The new GPT-4 is a great improvement to the already existing ChatGPT. Its capabilities have enabled new ways for us to capitalize on AI. As newer versions of GPT come out, I expect that AI will become a bigger and bigger part of our lives. If you want to learn about WriteSonic, a tool that uses AI to write for you click here. With that, lets wrap up this article.
edwdwq