ChatGPT, other AI models to disrupt Indian IT firms - JPM | Tech News

ChatGPT, other AI models to disrupt Indian IT firms - JPM

ChatGPT, other AI models to disrupt Indian IT firms - JPM

| Updated on: Feb 11 2023, 08:03 IST
Beware of fake ChatGPT apps! Already downloaded? Delete now
1/6 OpenAI's ChatGPT portal is rapidly gaining popularity. It uses state-of-the-art language processing techniques to generate human-like responses to text input and  interacts conversationally with users to provide detailed answers on a wide range of topics.  (Bloomberg)
2/6 But if you are looking to download the app from your Google Play Store or App Store, then beware! There are several fake ChatGPT-like apps that can be dangerous for your device.  (Bloomberg)
3/6 You can find a bunch of fake ChatGPT apps on Google Play Store and App Store which can steal your data, a report by top10vpn revealed.  Hence, if you have already downloaded them, then you should hurry and delete them quickly. (REUTERS)
4/6 Some of these apps on Android are: AI Chat Companion, ChatGPT 3: ChatGPT AI, Talk GPT – Talk to ChatGPT, ChatGPT AI Writing Assistant, Open Chat – AI Chatbot App. (Bloomberg)
5/6 Some apps are also available on Apple's App Store, which include: Genie - GPT AI Assistant, Write For Me GPT AI Assistant, ChatGPT - GPT 3, Alfred - Chat with GPT 3, Chat w. GPT AI - Write This, ChatGPT - AI Writing apps, Wiz AI Chat Bot Writing Helper, Chat AI: Personal AI Assistant, and Wisdom Ai - Your AI Assistant.  (AFP)
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6/6 However, it must be noted that OpenAI does not have an official standalone app for ChatGPT. Hence, you can use the feature in your browser while login to the official website at  (AP)
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Analysts at J.P. Morgan said, ChatGPT is likely to deflate legacy services the most and application services the least"". (AFP)

Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday.

As generative AI is implemented more broadly, consulting firms like Accenture and Deloitte will gain market share over Indian IT firms like Infosys Ltd and Wipro Ltd in the near term, analysts at the brokerage said in a note to clients.

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Generative AI can be a "deflation driver" in the near term on legacy services as they compete on pricing, necessitate staff retraining and drive loss of competitiveness, they added.

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"ChatGPT is likely to deflate legacy services the most and application services the least."

Artificial intelligence company OpenAI's chatbot has dazzled amateurs and industry experts with its ability to spit out haikus, debug code and answer questions while imitating human speech, helping it attract a $10 billion investment from Microsoft Inc earlier this month.

Since then, other large tech companies like Alphabet Inc and China's Baidu Inc have rushed to announce their own in-house developments of generative AI.

JPM said that among Indian IT companies, Infosys and Tata Consultancy Services might retrain staff faster than smaller peers due to their better graduate hiring and training infrastructure.

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First Published Date: 11 Feb, 08:02 IST