Part 4/11:
AI platforms go through life cycles: initial growth, a dip, and then a resurgence. The key opportunity for businesses is to get involved early, particularly during the second stage—where ChatGPT is now. Understanding this can be broken down into four phases:
- Identify the Moat: The main competitive advantage of ChatGPT lies in its memory and contextual understanding. Unlike other chatbots, ChatGPT remembers past interactions, allowing for personalized and relevant engagement. This "moat" of memory is what differentiates it from competitors and makes it an invaluable asset.