ChatGPT: The text-based artificial intelligence model from OpenAI called ChatGPT has quickly become extremely popular. In just 5 days following launch, it had 1 million users. With the help of several resources, the model has been trained to reply to practically every form of question.
Users from all around the world have been asking ChatGPT a variety of questions recently and publishing the responses on social media. Thus, many are also looking to earn money through it while many argue that it could eat up several jobs in coming years. However, on asked upon the question of how to make money with ChatGPT, the AI website itself replied and gave an interesting answer. The AI model suggested seven strategies to profit from ChatGPt in 2023.
How can you make money with ChatGPT?
- Creating ChatGPT-based chatbot apps and selling or licencing them to organisations or individuals These chatbots might be used for virtual support, customer service, and other duties.
- Providing advisory or development services to assist others in using the ChatGPT concept into their own initiatives or goods.
- Generating and selling training data to enhance the model’s performance on particular activities or sectors.
- Creating compelling material for social media, blogs, or websites using it and monetizing it with sponsored articles or ads.
- Creating automatic trading or investing techniques with it and earning money through trading or advising.
- Making a pay-per-use subscription service where customers may pay to utilise a ChatGPT-created chatbot for customer support, virtual help, or other tasks.
- Providing a language model-as-a-service (LMaaS) where companies may pay to utilise your ChatGPT model for certain jobs like text summarising and translation.
ChatGPT itself highlights the limitation itself
The AI model also noted that using the product would require a time, resource, and knowledge commitment in order to be profitable.
It continued further by stating, “It’s important to note that making money with it would require a significant investment in time, resources and expertise. Additionally, any commercial use of GPT-3 would require a paid API access from OpenAI. Please note that these are just possibilities and opportunities may change over time.”
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