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Starting a Business Around GPT-3 Is a Bad Idea

(Update 2023-03: I wrote this in 2020 when GPT-3 was highly hyped, but ultimately made only <1% of the splash that the monstrous ChatGPT made 3 years later. If I had to rewrite this today, I’d 1) think more kindly about defensibility, especially through deep product, user experience, and marketing/distribution (see…