Startup acceleration policies needed in global ChatGPT competition: Samil PwC report

• Published date: 07 March 2023
• Publication title: The Korea Times

While the latest technology of ChatGPT is sending global shockwaves through industries, a report published by Samil PwC on Tuesday urges the government to come up with systemic startup incubation and acceleration programs and support policies to secure artificial intelligence (AI) technologies.

The report, titled "Is ChatCPT an opportunity or threat?" stressed that the natural language-processing technology will fundamentally alter the production of global industries, while accelerating similar AI-based technologies.

Among others, the content and IT sectors are expected to be the most influenced by AI innovation, while the impact would be felt in almost every industry, ranging from advertising, media and semiconductors to cybersecurity.

"As ChatGPT is able to create based on big data-based machine learning capabilities, it will be a game changer of productivity in countless industry sectors," said Lee Do-shin, a partner at Samil PwC who leads the firm's unicorn platform department, adding that domestic AI technologies lag far...