ChatGPT – Croixstone

ChatGPT and Job Seekers

“If used as a guide, distiller of content and framework, ChatGPT could have many benefits for its job-seeking users.”

– Robin Reshawn (Executive Career Strategist and Contributor to USNews.com)

What is ChatGPT?: ChatGPT is short for “Chat Generative Pre-trained Transformer” and is an artificial chatbot developed by OpenAI. The technology was released in November 2022. ChatGPT has the fastest-growing customer base of any technology in history.

Why you need to become familiar with ChatGPT: As shared by Alan Murray (President and CEO of Fortune magazine), “generative A.I. is likely to have the most profound impact on the business world of any technology since the PC.” Paul Dougherty, CTO of Accenture, said that what is coming is a reinvention “of the way work is done, dramatically amplifying what people can achieve.”

Job Seekers are using ChatGPT: A Forbes magazine article published last month shared that 46% of 1,000 current and recent job seekers surveyed by ResumeBuilder.com used ChatGPT to craft their resumes or cover letters. The job search can be a tedious and time-consuming journey, and ChatGPT can deliver incredible time savings and helpful resume writing capabilities.

Yes, but: If not used the right way, the content delivered by ChatGPT risks being generic and buzzword heavy. Resume writers also risk losing their voice in building what should be a tailored marketing document. We recommend that job seekers regard ChatGPT as a great tool that delivers many benefits, however, it needs to be used with an eye toward understanding its limitations and how to best compensate for its shortfalls.

The bottom line: Job seekers should become familiar with ChatGPT and how to best incorporate the emerging technology into their searches. The experience gained will not only deliver benefits to the job search, but it will also help the job seeker to better understand how the technology might be applied in the workplace.

Learn more: We like the insights shared in a February 2023 article published by USNews.com entitled “Using ChatGPT for Your Resume and Job Search.” Read the article here.

ChatGPT Fast Facts

It is nearly impossible to scan the business news over the past few months without seeing “ChatGPT” in the headlines.

Here are some fast facts to help you get to know what ChatGPT is all about.

The big picture: Many experts believe that new chatbots like ChatGPT are poised to massively disrupt technology to the same degree like Apple’s iPhone, Google’s search engine, and Netscape’s web browser proved disruptive.

“Anybody who doesn’t use this will shortly be at a severe disadvantage. Like, shortly. Like, very soon.”
– Jeff Maggioncalda – CEO, Coursera

So what is it?: ChatGPT is an artificial intelligence tool that allows a user to generate original text. It can serve up information in clear, simple sentences, rather than just a list of internet links. Furthermore, the AI tool can explain concepts in ways humans can easily understand.

ChatGPT automatically generates text based on written prompts in a manner that is much more advanced and creative than earlier chatbots. The software debuted in late November 2021, and it has generated extreme buzz.

Here’s the backstory: ChatGPT was created by OpenAI, a San Francisco-based company that was founded in December 2015. Open AI’s founders include well known technology gurus including: Sam Altman, Ilya Sutskever, Greg Brockman, Wojciech Zaremba, Elon Musk, and John Schulman.

OpenAI’s mission: The company conducts research in the field of AI with the stated goal of promoting and developing friendly AI in a way that benefits humanity as a whole.

Yes, but: AI chatbots are anything but perfect. They learn their skills by analyzing huge amounts of data posted to the internet, and they therefore can blend fiction with fact. They can deliver information that is biased along with toxic language (including hate speech).

The money train: OpenAI’s founders pledged $1B to launch the company. The company received a $1B investment from Microsoft in 2019, another significant investment in 2021, and a rumored $10B investment in January 2023. Microsoft said the renewed partnership will accelerate breakthroughs in AI, and help both companies commercialize advanced technologies.

Learn more:
OpenAI
ChatGTP

Our Sources: CNN Business, Axios, The New York Times, Microsoft, Gizmodo, Wikipedia