‘ChatGPT is today’s hand calculator,’ this CEO says


Will you be able to build the next blockbuster videogame at home using ChatGPT?

Not so fast, says Take-Two Interactive Software Inc.

Chief Executive Strauss Zelnick. But that doesn’t mean the technology lacks promise.

Read: Take-Two stock slips as company plans cost cuts, outlook falls below Street view

Zelnick said on his company’s earnings call Monday that he’s typically the “first person to be skeptical of other people’s hype,” but this time around, he’s “really excited about what we’re seeing right now with ChatGPT and other leaps forward in artificial intelligence and machine learning.”

“ChatGPT is today’s hand calculator. You know, when I was a kid, there was no such thing. I hate to admit it, but it’s true. So I had to do math longhand and then hand calculators came along and parents were up in arms about, oh, kids won’t have to learn math anymore. And the answer is yes, you still will learn math, turns out you absolutely have to learn math.”

— Take-Two CEO Strauss Zelnick

ChatGPT, a chatbot put out by OpenAI, has created a frenzy on Wall Street and beyond as people contemplate more seriously what AI can do for business. It’s part of “a very exciting era of new tools” that can “allow our teams and our competitors’ teams to do really interesting things more efficiently,” but the technology won’t overhaul the videogame industry entirely, in Zelnick’s view.

It may not even help improve the “cost structure” of gaming businesses, he noted, since “any time you make things easier, we’re going to want to do more and our teams will want to do more.”

Take-Two puts out such franchises as “Grand Theft Auto,” “Red Dead” and “NBA 2K,” and Zelnick isn’t exactly shaking in his boots over the thought of people replicating the magic of game development in their basements.

“It’s not going to allow someone to say, please develop the competitor to ‘Grand Theft Auto,’ that’s better than ‘Grand Theft Auto,’” Zelnick said, according to a FactSet transcript. “People will try, but that won’t happen.”

ChatGPT came up as well on Chegg Inc.’s

earnings call Monday. The maker of online-learning tools was set to shed 20% of its market value after it delivered a disappointing forecast Monday afternoon, but Chief Executive Dan Rosensweig isn’t sweating the ChatGPT threat either.

“AI and machine-learning models are not new to Chegg,” he said on the earnings call, according to a transcript provided by AlphaSense/Sentieo. “We have been leveraging these technologies within our platform for years, and we believe these continued advancements will benefit Chegg as students. As an example, we’ve been using GPT-2 inside of our writing products, improving our ability to provide support with grammar, paraphrasing and sentence structure.”

GPT-2 is a language model created by OpenAI.

AI has been a hot topic on corporate earnings calls this cycle, with Alphabet Inc.

Meta Platforms Inc.
and Microsoft Corp.

among the most talkative.

Wallace Witkowski and Jeremy C. Owens contributed reporting from San Francisco


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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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