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Investors and analysts alike swiftly recognized the disruptive potential of ChatGPT when OpenAI publicly released it in November 2022. Generative AI quickly transformed from a novelty to a genuine tool that helps people be more productive by simplifying workflows and providing analysis.
But disruption can be difficult for affected industries. Much as ridesharing impacted the taxi industry or streaming services upended cable television, generative AI is threatening to draw revenue away from more established businesses that now need to deal with a new threat to their bottom lines.
