Tag: ai
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Unlocking the Power of AI to Optimize Pricing Strategy
AI enhances pricing strategies by using predictive modeling, competitor analysis, customer segmentation, dynamic pricing, and revenue management to optimize prices, maximize revenue, and maintain competitiveness.
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An Interview with ChatGPT
ChatGPT is a conversational AI model developed by OpenAI, based on the GPT-3 architecture. It generates human-like responses for various applications, including customer service and education. Introduced in 2020, it has gained attention for its ability to produce coherent text and its potential ethical concerns. While powerful, it has limitations like contextual understanding and bias…