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WINTER 2024

Distributor's Link Magazine Winter 2024 / Vol 47 No 1

Distributor's Link Magazine Winter 2024 / Vol 47 No 1

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14<br />

THE DISTRIBUTOR’S LINK<br />

Joe Dysart<br />

Joe Dysart is an Internet speaker and business consultant based in Thousand Oaks,<br />

California. A journalist for 20 years, his articles have appeared in more than 40<br />

publications, including The New York Times and The Financial Times of London.<br />

During the past decade, his work has focused exclusively on ecommerce.<br />

Telephone: 631-256-6602; web: www.joedysart.com; email: joe@dysartnewsfeatures.com<br />

COMING SOON FOR FASTENER DISTRIBUTORS:<br />

AI, EVERYWHERE...NO KIDDING<br />

Responding to a new hunger for AI, some of the<br />

biggest titans in software -- including Microsoft, Google<br />

and Salesforce -- are coming out with new versions of their<br />

software suites that will be completely reworked by AI.<br />

The move -- which is expected to offer major gains<br />

to fastener distributors who use these programs -- has<br />

been triggered by the staggering popularity ChatGPT, the<br />

wunderkind AI chatbot from OpenAI.<br />

Since its release, the bot has continued to stun<br />

the world with its ability to auto-generate clear, concise,<br />

intelligent prose to virtually any question posed to it.<br />

As more than a billion-and-a-half-plus monthly users<br />

of ChatGPT already know, use of the chatbot involves<br />

little more than typing-in a question -- and in a matter of<br />

seconds -- getting back a lucid, erudite text response.<br />

That ability to respond to virtually any question<br />

has enabled the wonder-bot to easily pass bar exams,<br />

medical exams, engineering exams and similar.<br />

And that’s just for starters.<br />

ChatGPT, and its underlying software engine, GPT-4,<br />

has also been harnessed to auto-generate images and<br />

photos, auto-translate text into multiple languages, autowrite<br />

and auto-debug computer code, auto-create Web<br />

sites, auto-create music, auto-explain complex topics,<br />

auto-solve math problems, auto-serve as a virtual chat<br />

companion -- and more.<br />

All of these auto-generated tasks are usually<br />

completed in a matter of seconds.<br />

And all are created with nary a complaint by the<br />

software.<br />

It’s no wonder that the ChatGPT Web site is<br />

averaging 1.6 billion visits-per-month, has set a record<br />

CONTRIBUTOR ARTICLE<br />

SOME OF THE BIGGEST TITANS IN SOFTWARE ARE COMING OUT<br />

WITH NEW VERSIONS OF THEIR SUITES THAT WILL BE COMPLETELY<br />

REWORKED BY AI.<br />

for creating the fastest-growing user base ever and is<br />

expected to generate $1 billion in revenue by the close<br />

of <strong>2024</strong>, according to ToolTester.com (www.tooltester.<br />

com/en/blog/chatgpt-statistics/).<br />

In a phrase: ChatGPT has set the world’s hair on<br />

fire. And all the big -- and little -- guns of traditional<br />

software want in.<br />

Their plan: Take the magic of ChatGPT and repurpose<br />

it for use with every software app imaginable.<br />

“The reality is every company will undergo an<br />

AI transformation to increase productivity, drive<br />

efficiency, and deliver incredible customer and employee<br />

experiences,” says Marc Benioff, CEO, Salesforce.<br />

In practice, that means changing the focus<br />

of ChatGPT, or software similar to ChatGPT, from<br />

attempting to track, analyze and manipulate all the<br />

world’s knowledge -- and instead focus that same AI on<br />

tracking, analyzing and manipulating all the knowledge<br />

generated by a specific company or organization.<br />

CONTINUED ON PAGE 96

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