One Man Conglomerate, #04. Ordinary people will be smarter. [PART II]

The following is English version of Chapter 2 of ‘One Man Conglomerate’, published in August 2023 by Do-Jeon, Marcus, Jeong.

 

2nd Chat: How will our lives changes?

 

#04. Ordinary people will be smarter.

 

[03] Understanding of businesses and the economy will improve.

 

By using ChatGPT (including GPT-4), you can get a deeper understanding of a company than by simply using a search engine, because ChatGPT has the ability to analyze large amounts of information quickly.

By utilizing this, the average person will be able to more accurately understand the meaning of a company’s strategy, financial statements, products (or goods or services), competitive markets, and the scandals or misdeeds of the company or its chaebol family. And, of course, they will be able to compare it to its competitors.

In the past, it was difficult for individuals to research or understand this information, but with ChatGPT, you can easily summarize a lot of information and quickly discover implications. Of course, if you don’t understand something, you can ask ChatGPT.

And based on this information, it will be easier to predict the future of companies. Of course, you can also use it for investment activities. In addition, it will be easier to recognize the risk of manipulation (in other words, stock price manipulation) than now.

And, by extension, you can use it as a tool to understand domestic and international economic trends. It will be easy to go beyond the insights of clumsy journalists and pundits.

In addition, if you create a domain model that fits your purpose through fine-tuning, additional learning, and prompt engineering, you may be able to get more objective results.

 

Image: developed by Midjourney

 

 

[04] It will be easier to monitor the government and politicians.

 

As an extension of the above, ChatGPT (including GPT-4) will make it easier for the regime (or government) and politicians to monitor than it is today.

In fact, currently, if you want to find information about a particular politician, you have to search for it manually using a search engine. And even then, it’s hard to find what you’re looking for. You can’t even find articles that were once newsworthy anymore.

It could be argued that the media is not a check on the regime or political power, but rather is tied to it. Moreover, the amount of information is too insufficient, so the history of political power is hidden. Even if you want to be interested, you can’t.

However, you will be able to overcome these limitations if you use ChatGPT well. Specifically, ChatGPT’s information processing and analysis capabilities will enable you to more accurately grasp information about government and politicians’ data (led policies and their performance, budget waste, detailed activities and remarks, corruption, parliamentary attendance, and commitment fulfillment rates, etc.).

You can compare politicians’ positions on specific issues, or you can search for corruption-related articles for each politician at once. You can also compare candidates’ histories (positive or negative) disclosed by the National Election Commission of Republic of Korea (NEC) and several candidates with tables through web searches during the election period.

Based on this information, citizens will be able to more effectively check and monitor their governments and politicians. And if necessary, they will be able to send them warning messages and demand improvements through ChatGPT.

Of course, there will be a movement by the political community to systematically block this. And businesses that delete this information from the web or prevent ChatGPT from learning or referencing will become popular.

 

 

[05] Global communities information will be available in real-time.

 

It will be easier for individuals to access global real-time information (such as news). Of course, it is still easy to access this information through local media and online communities. However, at this point, we can only passively access the information that is provided unilaterally, not the information we want. Plus, there’s the time difference.

In the near future, with the help of AI, we will be able to overcome this restriction, which means that we will be able to get the information we want in real time, regardless of our language skills, instead of the information provided by others.

Of course, it will be possible to summarize and analyze it.

 

[ Attention ]

The above article excludes footnotes and details, unlike the actual book.
Please read the following post for details of “#03”

위 글은 정도전 작가가 2023년 8월에 출간한 ‘1인 대기업(One Man Conglomerate)’의 챕터2 영문 버전입니다.