While Italy temporarily restricted the use of ChatGPT, in Portugal, the chatbot became the CEO of the company. Artificial intelligence was able to effectively manage a startup and made it profitable in a week.
What is known
Portuguese Joao F. Santos created a startup and appointed ChatGPT as its CEO, while he himself became an assistant to artificial intelligence. The engineer carried out all the instructions of the neural network, paying attention to the company only 1 hour a day. Moreover, he did everything that ChatGPT said, even if these actions could harm the startup.
The neural network proposed three areas of activity. João F. Santos didn’t want to go into a service business, so the decision was made to trade T-shirts with images created with artificial intelligence. In particular, Midjourney.
The company was named AIsthetic Apparel. It was proposed by artificial intelligence. The first word is a combination of “Artificial Intelligence (AI)” and “aesthetic”. The logo was created using the Midjourney neural network.
The next step for the chatbot was to create a 10-point business plan. Artificial intelligence proposed to create an online store and negotiate with Printful, which will print images created by Midjourney. By the way, the descriptions of the pictures for Midjourney were also compiled by the chatbot.
Then the neural network instructed to find investors. They were Martin Andreas Petersen, Frederik van Deurs and Vasco Conceição. Joao F. Santos said he was able to raise $2,500 in exchange for a 25% stake in the company. The amount of initial investment was $1000.
The cost of one T-shirt was €35. In five days, artificial intelligence was able to earn more than €10,000. With a cost of €4,000, AIsthetic Apparel was able to make a profit of €7,000. If the sales dynamics continue, then by the end of the year the profit will reach €40,000. In addition, ChatGPT evaluates the startup at €4 million.
Source: johnfsantos (1, 2), linkedin (1, 2)
