How to use ChatGPT: A text-based artificial intelligence model called ChatGPT from OpenAI has quickly become popular. Within just 5 days of launch, it had 1 million users. With a variety of resources, the model is trained to answer virtually every question.
Users from all over the world have been asking various questions to ChatGPT recently and sharing the responses on social media. Thus, many are also looking to make money through it while many argue that it could eat up several jobs in the coming years. However, the AI website itself answered the question of how to make money with ChatGPT and gave an interesting answer. The AI model suggests seven strategies to profit from ChatGPt in 2023.
How can you earn money with ChatGPT?
- Creating ChatGPT-based chatbot apps and selling or licensing them to organizations or individuals These chatbots can be used for virtual assistance, customer service and other duties.
- Providing consulting or development services to help others use ChatGPT concepts in their own initiatives or products.
- Creating and selling training data to enhance model performance in specific activities or sectors.
- Use it to create engaging content for social media, blogs or websites and monetize it with sponsored articles or ads.
- Create automated trading or investment strategies with it and earn money through trading or consulting.
- Creating a pay-per-use subscription service where customers can pay to use a ChatGPT-built chatbot for customer support, virtual assistance or other tasks.
- Providing a Language Model-as-a-Service (LMaaS) where companies can pay to use your ChatGPT model for certain tasks like text summarization and translation.
ChatGPT itself highlights the limitations
The AI model also states that using the product requires a commitment of time, resources, and knowledge to be profitable.
It also stated, “It is important to note that making money with this will require a significant investment in time, resources and expertise. Additionally, any commercial use of GPT-3 will require access to a paid API from OpenAI. Please note That these are only possibilities and opportunities may change over time.
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