For many, our contemporary economic times are unfamiliar territory. We’re facing inflation of current levels that hasn’t been seen since 1981, a global pandemic that devastated supply chains, a hot war in Europe between Russia and Ukraine causing energy crisis tensions in the east with China over Taiwan, and civil and political unrest around the globe. How can founders navigate these uncertain macroeconomic times?
On November 30th, 2022, ChatGPT was released to the world. ChatGPT, a large language model (LLM) developed by Open AI, quickly went viral in days, crossing over a million users within a week of its launch. The growth is unprecedented; it took 10 months for Facebook to reach a million users and 24 months for Twitter to hit the same metric, whereas ChatGPT arrived at a million users in just 5 days.