Artificial Intelligence (AI) is an essential part of our lives today, even in business. ChatGPT, one of the AI models developed by OpenAI, is capable of generating texts and ideas that can be very useful for self-employed people and entrepreneurs. But as the use of AI can bring huge benefits, it also brings risks that are important to keep in mind.

AI is not perfect

AI, like ChatGPT, is trained on text data and doesn't have the real-world experience that a human does. This means that even if an AI understands text, it doesn't know math and doesn't have the ability to distinguish fact from fiction. This limitation can lead to misinformation that could negatively impact the decision-making and strategies of entrepreneurs and self-employed people.

Outdated data: trained to 2021

ChatGPT can only work with information up to 2021, which means that any more recent data is not taken into account. This increases the likelihood of inaccuracies and outdated information.

AI imperviousness: inability to explain behavior

AI algorithms can be very complex and therefore it is not easy to understand why AI behaves the way it does. This impenetrability of AI behavior makes it difficult to control and increases the risks associated with its use. If we are unable to understand and explain how AI reaches certain conclusions or recommendations, it can lead to unintended consequences and a misunderstanding of its impact on the business. Therefore, it is important to invest in research and development to help us better understand and control AI behavior.

Potential errors and biases in AI algorithms

AI algorithms such as ChatGPT can be burdened with errors and biases that can lead to poor outcomes. For example, if the training dataset was unbalanced or contained inaccuracies, the AI may reproduce these errors in its outputs. It's important to be aware of this risk and control AI outputs to minimize the negative impact on our business.

Security and privacy risks

The use of AI such as ChatGPT can pose security and privacy risks, especially when sensitive information is involved. It is important to ensure that all sensitive data is protected and AI systems are properly secured to prevent data leakage or misuse.

In conclusion: where AI excels

While it is important to keep in mind the risks and limitations of AI, there is no denying that AI like ChatGPT has its strengths. ChatGPT is capable of generating texts, ideas, strategies, and much more that can be easily checked. This capability can be especially useful for self-employed individuals and entrepreneurs who need to create content or are looking for innovative solutions.

AI systems like ChatGPT bring many benefits, but it's important to never completely trust them. It is essential to implement human control and oversight of AI systems to minimize the risks associated with their use. When used correctly and with expert care, these systems can be valuable tools for self-employed individuals and entrepreneurs.