The CEO of Genies, a $1 billion avatar tools company, is investing $2,400 a month on ChatGPT Plus accounts for all 120 employees in an effort to boost productivity and save money. Akash Nigam, Genies’ founder, is encouraging teams across the company to use the AI chatbot for automating mundane tasks and believes this will improve the company’s bottom line.
In just a month, Nigam has observed tasks being accelerated with the help of ChatGPT. The R&D team has used it for answering questions, debugging code, and generating scripts for presentations. Other employees have employed it for creating creative briefs, writing legal documents, and answering technical queries.
ChatGPT has also helped in creating technical roadmaps, saving hours of manual brainstorming. Nigam sees the AI as a sophisticated operating partner, potentially reducing hiring costs by streamlining tasks. While most employees are enthusiastically using ChatGPT, some are slow to integrate it into their workflows. To encourage adoption, Genies is holding informal workshops where experienced users teach their colleagues.
Nigam plans to include ChatGPT usage in employee performance reviews, rewarding those who use AI effectively. Genies is not alone in incorporating ChatGPT, as Amazon and Microsoft employees also utilize the tool for various tasks, boosting productivity and saving time.
THINK LIKE AN ECONOMIST!
Q1. Explain how productivity is calculated.
Q2. Explain how increasing productivity is linked to reducing costs.
Q3. Analyse with the use of a diagram how tools like ChatGPT will increase the productive potential of an economy.
Q4. Discuss both the advantages and disadvantages of the rise of AI and its impact on the way we work.
Click here for the source article
