Why the GPT store could be the best way to make money in 2024

ISSUE 017

Welcome to the 17th edition of Curious Hours

Welcome back to the 17th edition of Curious Hours and this edition will be focusing on the GPT store coming out next week and why we’re confident this’ll be the start of something special.

So lets get started….

• Understanding the GPT Store Concept:

  • The GPT Store is essentially a marketplace specifically designed for applications and services powered by GPT (Generative Pre-trained Transformer) technology. Think of it as a specialised digital storefront, akin to Apple's App Store or Google's Play Store, but exclusively for GPT-based applications. These could range from educational tools, customer service bots, to niche applications like AI-assisted writing or coding aids.

  • The significance of the GPT Store lies in its focus on generative AI technology, which is rapidly evolving and finding new applications across various sectors. By providing a dedicated platform, OpenAI is facilitating a centralised hub for innovation and distribution in this space. This approach is expected to accelerate the development and adoption of GPT-powered applications.

• Operational Mechanics of the GPT Store:

  • The core functionality of the GPT Store revolves around enabling users, including those with limited or no coding experience, to create custom AI models. These models are tailored to specific needs or industries, offering a level of customisation that was previously difficult to achieve without extensive technical knowledge.

  • This democratisation of AI model creation is facilitated through intuitive interfaces and tools provided by OpenAI. Users can interact with these tools using natural language, specifying the desired capabilities of their AI model. OpenAI's system then processes these instructions to generate a corresponding AI model.

  • Once created, these custom GPT models can be published on the GPT Store, making them accessible to a broader audience. This not only allows for wider distribution but also provides a platform for feedback and iteration, further refining the models.

• Potential Revenue and Economic Impact:

  • The GPT Store is expected to introduce new avenues for monetisation, similar to how app developers generate revenue on existing app stores. This could be through direct sales, subscription models, or even advertising within the applications.

  • The revenue-sharing model proposed by OpenAI implies that creators of popular or highly useful GPT applications could receive a portion of the revenue generated. This model incentivises high-quality, innovative applications and could lead to a new economy of AI-driven services and products.

  • The potential financial impact of the GPT Store can be significant. Just as the App Store created a multi-billion-dollar ecosystem around mobile applications, the GPT Store could do the same for AI-based applications.

• Transformative Potential in the Tech Industry:

  • The GPT Store represents a shift in the AI sector, akin to the revolution brought about by the App Store in mobile computing. It's not just about providing a platform for distribution but also about enabling a wide range of creators to participate in AI development.

  • This shift could lead to a surge in AI applications, spanning education, entertainment, business, and more. By lowering the barrier to entry for creating AI-based solutions, the GPT Store could unleash a wave of innovation and creativity, similar to the boom in mobile apps following the introduction of the App Store.

  • Furthermore, this platform could accelerate the integration of AI into everyday life, making advanced AI tools more accessible and customisable to the general public.

• Comparison with the App Store Launch:

  • The introduction of the App Store by Apple was a pivotal moment in tech history. It not only transformed the mobile phone into a powerful computing device but also created an entirely new digital economy. The GPT Store has the potential to have a similar impact in the realm of AI.

  • Just like the App Store, the GPT Store could become a breeding ground for innovation, where developers and creators from diverse backgrounds bring forth AI applications that could redefine how we interact with technology.

  • The comparison also extends to the economic implications. The App Store created a new class of entrepreneurs and developers who capitalised on the platform's reach and capabilities. The GPT Store could similarly empower a new wave of AI innovators and entrepreneurs, creating substantial economic opportunities.

Wrapping things up…

We've reached the end of our 17th edition of Curious Hours. We hope that the information we've shared about the GPT Store have sparked your imagination. If you feel inspired to create your own GPT, we'd love to hear about it! Please feel free to email us with your ideas or creations.

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[email protected] (Founder of Curious Hours and MORAZO AI | Over 300k YouTube Views on AI Meets Football | Author and researcher of Curious Hours Content)

[email protected] (AI Enthusiastic Member & Contributor of Curious Hours)