Reality of Chat GPT to make money

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January 25, 2023

Reality of Chat GPT to make money

Recently I’ve witnessed a lot of YouTube creators claiming that using Chat GPT and other AI systems is a sure way to make lots of money. The reality of using Chat GPT to make money on YouTube and other platforms is simply not true! The videos are making the creators money, not from using AI but from revenue generated from monetizing them. I believe that these videos are just click-bait. However, there are some advantages to using AI and in particular Open-Ai’s Chat GPT for content creation. I will talk about this later. Let’s start by exploring a few disadvantages of using AI generated content!

AI generated content can be seen as unethical, as it is not producing content that is written by a human.

Although AI has made giant leaps recently, it is still limited in its capabilities. It does not understand the full context of language.

Chat GPT generated content often lacks creativity, originality, and depth and known to create totally false and inaccurate copy.

AI cannot replicate the nuanced understanding of language and cultural context that a human can.

Why does AI lack Creativity? AI algorithms are designed to produce content that is based on existing information and data. As a result, lacks true creativity and may not be able to capture the unique perspectives and ideas of human writers.
Limited Audience: AI algorithms are designed to appeal to a particular type of reader and may not be able to capture the interests of a wide range of readers.
Difficult to Update: The content produced is based on existing data. It’s difficult to update AI systems with new information. This means that AI-generated content may become out of date quickly.
Tools to identify AI generated content: When publishing content such as blogs, other AI systems such as Google are easily able to distinguish human generated content from AI copy, this goes against Google’s policy, this means your published content will not rate highly in SEO.

AI can be a powerful tool for content creation, but weigh carefully the drawbacks to using it. Algorithms designed to mimic human writing lack the capability to produce content that is interesting or engaging and updating AI-generated content can be difficult due to how it has been trained. Thus, consider the drawbacks of using AI before deciding.

The advantages of using Chat GPT

There are situations where using AI systems such as Chat GPT can be advantageous. For example doing research on any topic at all, traditionally you would ask Google the research question. Google will then provide a list of websites to choose from with paid advertisements appearing before them. At this point you need to click on each website until you find the information you need. When you use an AI system such as Chat GPT there are no adverts, you don’t need to go through websites to search for the research, there is no click-bait. Let’s explore other scenarios where AI is beneficial.

Creating Copy

AI can be used to create copy in several ways. For example, AI-powered Natural Language Generation (NLG) systems can automatically generate new content by taking an existing source of ideas or text and transforming it into a new format. Grammarly is one example of an NLG system which can be used to generate written content from data sources. AI-powered Natural Language Processing (NLP) systems can be used for text analysis – understanding the underlying sentiment and emotion in written content, and detecting patterns within the text. These insights can then inform copywriting decisions such as word choice, syntax, tone etc., allowing more targeted communication with different audiences or customer segments

Business Sectors utilizing AI

AI is beneficial in creating content for a variety of sectors and scenarios. This includes healthcare, online retailers, automotive industry, education and the financial services & banking sector. AI offers advantages such as improved medical diagnoses through data analysis; tailored customer shopping experiences through voice recognition technology; faster responses to risk factors by processing information automatically at high speed; personalized feedback regarding submitted texts or essays with ML algorithms; more informative creditworthiness reports than traditional methods due to automated scanning of various data sources.

The technology is growing so fast! The latest version of Chat GPT can utilize text that can write computer code in most of todays programming languages. At Blue Monet we will be adding access to Chat GPT to enhance our customers experience. Contact us for more information.

AI will not replace you! But a Company using AI will

Popular AI tools for 2023

Whether you’re a designer, a developer, or a business leader, you need to learn about the different options available for implementing AI in your business. As stated earlier the reality of Chat GPT to make money is not something you can achieve. However implementing AI tools can give your business the edge over your competitors!

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Synthesia

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