ChatGPT: Calculator for writing, according to economists everywhere

Delhi : The "calculator for writing" will be ChatGPT, an artificial intelligence system that can quickly write smart essays on challenging subjects.

Professor of economics and information technology at Stanford University Erik Brynjolfsson stated that the chat bot "would get rid of a lot of repetitive, rote sort of labour and at the same time people utilising it may be able to conduct more creative work."

Teachers and university lecturers are concerned that ChatGPT, developed by Microsoft Corp.-backed OpenAI, may negatively impact students by making cheating more convenient than before. A portion of the bar exam, which serves as admission to US law schools, has already been passed by it. Currently, curriculums and work processes at schools and colleges have been modified to deal with technology.

Brynjolfsson, a co-author of the ground-breaking 2014 book The Second Machine Age on AI, had a conversation with Bloomberg outside of the World Economic Forum in Davos. He claimed that he did not expect that technology will replace reading or writing. Instead, he anticipates that ChatGPT will "augment our ability to write," much as how the calculator made elementary math simple.

"This technology is getting some legitimate excitement," he added. "It is roughly on the same level of development as the deep learning machine learning algorithms in 2012 that started the entire rise in AI over the past decade. If we do it right, the writing over the next ten years will be some of the most fascinating we've ever seen.