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ChatGPT & AI: Stop Panicking and Look at the Potentials

Fears about ChatGPT and AI are understandable but overblown. The economic opportunities are huge and they will outweigh the risks.

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By Bolaji Ojo

What’s at stake?
ChatGPT and generative artificial intelligence variants will be massively disruptive but that is no reason to react with the kind of apprehension that could stunt their use and deprive society of the benefits. Moreover, AI is here to stay, and its financial potentials are enormous.

The recent controversy over the fast adoption of ChatGPT and generative AI borders on hysteria. Having just broken into widespread use, the apprehension about how artificial intelligence will impact all aspects of economic and social lives is understandable. However, just like in the early days of the internet, we have not even begun to plumb the depths of how the technology will be applied in years to come.

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