ChatGPT Heading The Same Way As NFTs

During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed ChatGPT Heading The Same Way As NFTs. Here’s an excerpt from the episode:

Tobias: I tracked NFTs for a while, but it just got too sad. I tracked the search term, NFT, but NFT, it’s just fallen off the bottom of the most.

Jake: What were those?

Bill: My Bored Apes.

Tobias: What was the name of the–? [crosstalk]

Bill: I still haven’t bought one yet. I’m going to.

Tobias: You’ll get one. Wait long enough, you’ll get one for 50 bucks.

Jake: I know you’ll get one, for sure.

Bill: I always said really cheaper, a whole lot. I’m not sure which one.

Tobias: Really cheap.

Jake: [laughs] Whatever the answer was that– Whatever the pay to price– [crosstalk]

Bill: Pictures has gone small real cheap.

Tobias: Check out ChatGPT tracking against NFT. I think it’s going to follow the same– [crosstalk] Yeah, it’s going to fall off a cliff, and then eventually all of the hype drains away, and it just goes away, we go back to normal. [crosstalk]

Jake: That’s the installation phase, when it actually becomes a useful platform and people figure out how to make it do things for humanity, and then it’s a toaster.

Tobias: Yeah. It’ll be like that thing where you just had to put out a press release saying you had dotcom in the name of your company and it took off.

Jake: Yeah.

Tobias: Then it just became table stakes. Yeah, everybody’s got a website. It’s meaning, everybody’s got AI. Yeah, it runs. Instead of having interns, we’ve got AI.

Bill: Yeah, it’ll be interesting to see if it’s democratized access or– [crosstalk]

Tobias: If it turned it into a way for people who can’t code to code, that’s what I think it’ll do. That’ll be very cool.

Bill: Yeah.

Tobias: I would love to do it.

Bill: It could give the little guy a shot in a utopian scenario.

Tobias: Ah, [Jake laughs] it’s never going to happen.

Bill: Probably not.

Tobias: The person who figures it out first and smartest, it’s winner take all of these things or not. Or, not winner take all. It’s not a monopoly. It’ll be an oligopoly.

Bill: Yeah. I’ve enabled it on Windows, but I haven’t found the way to use it yet. But I do think it’ll be interesting to see how it’s incorporated in office.

Jake: Yeah.

Bill: I can see a lot of the application, potentially. I just don’t know the economics of the application.

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