Two friends converted their investment of Rs 15,000 into Rs 1 crore within months using ChatGPT. They created an AI tool using the chatbot developed by OpenAI.
According to a CNBC report, two friends in the United States, Sal Aiello and Monica Power, conceptualised and developed DimeADozen, an AI research tool designed for testing business ideas.
It all began after Aiello, a chief technology officer for tech startups, and Powers, a product designer and entrepreneur, met at a virtual startup founder meetup event organised by Silicon Valley startup accelerator Y Combinator.
Later, they decided to utilise artificial intelligence for business idea validation and created DimeADozen. The AI tool allows entrepreneurs to submit their ideas through a form, and then the tool, using ChatGPT, delivers a report.
Performance of AI tool
The performance of the AI tool has been proven to be superior to traditional analytics agencies and search engines, all within a record time.
Recognising the potential of the AI tool, Felipe Arosemena and Danielle de Corneille, a husband-and-wife team, acquired the business for USD 150,000.
Following the deal, Arosemena and Corneille became the new owners of the venture. However, Aiello and Powers continue to be involved with the AI tool as company advisors.
ChatGPT
ChatGPT stands for Chat Generative Pre-trained Transformer. It is a large language model-based chatbot developed by OpenAI.
The chatbot, which is written in the Python language, caters to both free and paid subscribers. Paid subscribers receive priority access to newer features.
In January of this year, it became the fastest-growing consumer software application in history.
