• About Us
  • Privacy Policy
  • Disclaimers
  • Terms and Conditions
  • Contact Us
  • DMCA Policy
Tech Chilli
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us
No Result
View All Result
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us
No Result
View All Result
Tech Chilli
No Result
View All Result

Home » News » 100,000 US dollars saved by American Industries with ChatGPT implementation

100,000 US dollars saved by American Industries with ChatGPT implementation

A February 2023 survey of American business leaders found that around a quarter of the companies had saved between 50 thousand U.S. dollars and 70 thousand U.S. dollars by using ChatGPT. Additionally, 11 per cent stated having saved more than 100 thousand U.S. dollars since introducing ChatGPT to their workflow. The above statement is based […]

francoise hardy by Françoise
Friday, 17 November 2023, 9:56 AM
in AI, News
100,000 US dollars saved by ChatGPT implementation

100,000 US dollars saved by ChatGPT implementation

A February 2023 survey of American business leaders found that around a quarter of the companies had saved between 50 thousand U.S. dollars and 70 thousand U.S. dollars by using ChatGPT. Additionally, 11 per cent stated having saved more than 100 thousand U.S. dollars since introducing ChatGPT to their workflow. The above statement is based on the research report “Share of companies saving money using ChatGPT U.S. 2023” published by Bergur Thormundsson.

Also Read: List of Top Generative AI Companies of the World 2023

The research findings on ‘How ChatGPT has helped in saving 100 thousand US Dollar’ is based on the data analysis of 1000 business leaders’ responses from the United States regions in a survey conducted in  February 2023. Download Link to access the report.What are 51 Best ChatGPT Prompts Useful For Increasing Work Productivity In Any Field

The saving of $100,000 US dollars by various companies with the implementation of OpenAI ChatGPT assistants in their workflow has led to optimization of tasks and performance with the reduction in redundancy and manual efforts. 

Must Read: What Is Google’s New Generative AI Tool To Find Holiday Gifts?

Another research report, also suggests that 48 per cent of the 1,000 organisations interviewed in the US were able to save more than $50,000 by using the chatbot instead of human employees! A significant 25 per cent even managed to save $75,000! On the whole, about 99 percent of companies admit to having saved money by using ChatGPT. If companies have managed to save thousands of dollars in costs by implementing ChatGPT, it will not be surprising if human employees are soon replaced by the AI chatbot, globally.

How ChatGPT Helps Business and Industries to Earn Profits: A Brief Summary

ChatGPT can help businesses earn profits in several ways. Firstly, it can enhance customer support and engagement by providing quick and accurate responses to customer inquiries 24/7, leading to increased customer satisfaction and retention. It can also assist in lead generation and sales by qualifying leads, recommending products, and facilitating the buying process.

Furthermore, ChatGPT can be used for market research and data analysis to identify trends and consumer preferences, helping businesses make informed decisions and tailor their offerings. It can also automate routine tasks, reducing operational costs and improving efficiency.

Must Read: Imran Chaudhri from Apple Intern to Humane Founder: Bio, Patents, Networth, Age, and Family

In the content creation and marketing domain, ChatGPT can generate high-quality, SEO-friendly content at scale, saving time and resources. It can also personalise content for individual users, increasing conversion rates.

Overall, ChatGPT’s versatility, availability, and ability to automate tasks, provide insights, and enhance customer experiences can contribute to a company’s profitability by optimising various aspects of its operations.

Amount of money companies in the United States saved by using ChatGPT as of February 2023(in U.S. dollars)

The table below represents the percentage share of respondents within each salary range, as depicted in the bar chart.

Salary Range (USD)Share of Respondents (%)
01%
1 – 5,0009%
5,001 – 25,00020%
25,001 – 50,00022%
50,001 – 75,00024%
75,001 – 100,00014%
More than 100,00011%
Previous Post

What Is Google’s New Generative AI Tool To Find Holiday Gifts?

Next Post

Meta Unveils AI-Powered Video & Image Editing Tools for Facebook and Instagram

francoise hardy

Françoise

Francoise Hardy, A digital content creator and tech integration specialist with over 10 years of experience, is known for his deep knowledge in AI, ML, Data Science, Robotics, and Neural Networks. He began his career with a passion for emerging technologies, leading to innovative solutions and digital transformation in various businesses. Francoise's expertise extends to the ethical aspects of technology, advocating for responsible usage. Recognized by his peers, he is a sought-after speaker and writer in the tech industry. His commitment to advancing technology for societal benefit defines his career.

Next Post
Meta Unveils AI-Powered Video & Image Editing Tools for Facebook and Instagram

Meta Unveils AI-Powered Video & Image Editing Tools for Facebook and Instagram

  • Trending
  • Comments
  • Latest
top Yield Farming Platforms

Top 13 Yield Farming Platforms in 2025: Maximize APY with Secure and Trusted Crypto Tools

April 17, 2025
scott wu net worth

Scott Wu Net Worth: Devin AI Software Engineer, CEO of Cognition Labs

April 17, 2025
Artificial Intelligence (AI) Glossary and Terminologies

Artificial Intelligence (AI) Glossary and Terminologies – Complete Cheat Sheet List

April 18, 2025
TurbolearnAI

Turbolearn AI: How to Use It for FREE, Features and Pricing Models

April 3, 2025
What is Blockchain Technology

What is Blockchain Technology And How Does It Work?

Enterprise AI

What is Enterprise AI? Meaning, Companies, Examples and More Details

Cosine Genie AI Software Engineer

What is Cosine Genie and How to Use? Check Benchmark, Functions, and Access Details

PhonePe Leads UPI Market in August 2024, Claims 50% Share by Value and 48% by Volume

PhonePe Partners with Liquid Group to Bring UPI Payments to Singapore for Indian Travelers

Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
Generative AI Companies

Top Generative AI Companies of the World 2025

April 28, 2025
Veo 2 extends access to more Gemini Advanced Users

Veo 2 extends access to more Gemini Advanced Users

April 25, 2025
Perplexity launches the iPhone voice assistant

Perplexity launches the iPhone voice assistant

April 24, 2025

Recent News

Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
Generative AI Companies

Top Generative AI Companies of the World 2025

April 28, 2025
Veo 2 extends access to more Gemini Advanced Users

Veo 2 extends access to more Gemini Advanced Users

April 25, 2025
Perplexity launches the iPhone voice assistant

Perplexity launches the iPhone voice assistant

April 24, 2025

Trending in AI

  • Perplexity CEO Net Worth
  • Grammarly AI Detection
  • What is LangChain
  • Canva AI Tool
  • Koupon AI
Tech Chilli

Tech Chilli is a beacon of knowledge, a relentless purveyor of the latest information, news, and groundbreaking research in the realm of cutting-edge technology.

We are dedicated to curating and delivering the most relevant, accurate, and up-to-the-minute information on the technologies that are shaping our world.
Contact us – [email protected]

Follow Us

Browse by Category

  • AI
  • AI India
  • Courses
  • Crypto
  • Featured
  • FinTech
  • Gaming
  • How-To
  • News
  • Puzzles
  • Robotics

Top Searches

  • Scott Wu Net Worth
  • Mira Murati Net Worth
  • Online Games for Couples
  • Amazon Q vs Microsoft Copilot
  • DarkGPT

Recent News

Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
Generative AI Companies

Top Generative AI Companies of the World 2025

April 28, 2025
Veo 2 extends access to more Gemini Advanced Users

Veo 2 extends access to more Gemini Advanced Users

April 25, 2025
Perplexity launches the iPhone voice assistant

Perplexity launches the iPhone voice assistant

April 24, 2025
  • About Us
  • Privacy Policy
  • Disclaimers
  • Terms and Conditions
  • Contact Us
  • DMCA Policy

© 2024 Tech Chilli

No Result
View All Result
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us

© 2024 Tech Chilli

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OK