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AI Update, July 25, 2024: AI News and Views From the Past Week
Catch up on select AI news and developments from the past week or so. Stay in the know.
The launch of OpenAI's ChatGPT amazed users with its natural conversational AI ability and racked up a million users in just five days. Competitors responded quickly, with Google launching its own AI tool and Microsoft investing in OpenAI, leading many to wonder if AI tools would overtake traditional search. AI could replace some marketing roles, but its capacity to overtake search is limited due to high technology costs, accuracy concerns, and Microsoft's search position.
Marketers should use the tool to increase efficiency and keep humans involved in vetting and approving results. Plus, they should get to know Bing, as the ChatGPT integration could draw in new users who can be reached with Bing's SEM tools. AI technology has nearly unlimited potential and marketers must stay engaged to ensure they don't get left behind.
ChatGPT is not ready for unsupervised work and is cost-prohibitive to monetize. There's also no guarantee that real world users would convert through a chatbot than they would through a search bar. Such tension means there will always be a benefit of having human advocates working in the SEM space. Marketers must be proficient users with an eye for finding efficiencies or creating force multipliers.
No, ChatGPT Won't Make Marketing and Search Irrelevant (At Least for Now)
Don't worry ... it's FREE!
Catch up on select AI news and developments from the past week or so. Stay in the know.
Catch up on select AI news and developments from the past week or so. Stay in the know.
Most B2B marketing leaders say their teams have a moderate level of competency in using artificial intelligence applications, according to recent research from Demand Spring.
Catch up on select AI news and developments from the past two weeks or so. Stay in the know.
Discover key legal and ethical considerations for using AI in marketing from expert Ruth Carter. Follow these guidelines for compliance. Read more.
Business leaders increasingly have concerns about generative AI across a range of areas, including data security, cost, accuracy, and transparency, according to recent research.