Investigating the Effect of ChatGPT-like New Generation AI Technology on User Entrepreneurial Activities

https://doi.org/10.61187/ita.v2i2.124

Authors

  • Jinbo Zhou School of Economics and Management, Guangxi Normal University, Guilin, China
  • Weiren Cen School of Economics and Management, Guangxi Normal University, Guilin, China

Keywords:

ChatGPT-like, New generation AI technology, User entrepreneurship, Entrepreneurial opportunities, Entrepreneurial activities

Abstract

ChatGPT, characterized by its reliance on big data, robust algorithms, and significant computational power, has become a benchmark AI application product, signifying a new breakthrough in AI technology. The emergence of applications based on ChatGPT-like next-generation AI technology has triggered a series of interconnected transformations in human society's ways of thinking, production, living, and governance. However, the academic community has yet to conduct research specifically on innovation and entrepreneurship. Against this backdrop, this study explores the effect of the novel features of ChatGPT-like next-generation AI technology on user entrepreneurs, driving factors, and the entrepreneurial process. The findings reveal the following: (1) User entrepreneurs collect extensive user data through ChatGPT-like AI technology and intelligently analyze it to achieve optimal entrepreneurial judgments and decisions. (2) User entrepreneurs utilize ChatGPT-like AI technology to understand the latent needs of users and to acquire user demand information, such as product shortcomings and appeals. (3) ChatGPT-like AI technology enhances the entrepreneurial intention of user entrepreneurs, stimulates their creative thinking, and expands and deepens their social networks, thereby strengthening their identification with entrepreneurial opportunities. (4) ChatGPT-like AI technology drives and empowers the three-stage evolution of user entrepreneurship: idea generation, prototype development, and commercialization of innovative products. This study not only provides new insights and theoretical foundations for user entrepreneurship research to better explore and leverage the application of ChatGPT-like AI technology in the entrepreneurial process but also offers significant practical implications for encouraging users to actively engage in innovation and entrepreneurship activities, supporting the achievement of sustainable digital entrepreneurship goals.

Downloads

Download data is not yet available.

References

Van Dis, E. A., Bollen, J., Zuidema, W., et al. ChatGPT: five priorities for research. Nature, 2023, 614(7947), 224-226. https://doi.org/10.1038/d41586-023-00288-7

Lund, B. D., Wang, T. Chatting about ChatGPT: how may AI and GPT impact academia and libraries?. Library hi tech news, 2023, 40(3), 26-29. https://doi.org/10.1108/lhtn-01-2023-0009

Shane, S., Venkataraman, S. Entrepreneurship as a field of research: A response to Zahra and Dess, Singh, and Erikson. Academy of Management Review, 2001, 26(1), 13-16. https://doi.org/10.5465/amr.2001.27879269

Shah, S. K., Tripsas, M. The accidental entrepreneur: The emergent and collective process of user entrepreneurship. Strategic Entrepreneurship Journal, 2007, 1(1‐2), 123-140. https://doi.org/10.1002/sej.15

Pedeliento, G., Bettinelli, C., Andreini, D., et al. Consumer entrepreneurship and cultural innovation: The case of GinO12. Journal of Business Research, 2018, 92, 431-442. https://doi.org/10.1016/j.jbusres.2018.04.019

Schiavone, F., Tutore, I., Cucari, N. How digital user innovators become entrepreneurs: a sociomaterial analysis. Technology Analysis & Strategic Management, 2020, 32(6), 683-696. https://doi.org/10.1080/09537325.2019.1696955

Hung, C. L. Why Were Innovators Motivated to Be Entrepreneurs? An Empirical Study of Taiwanese Start-Ups. Adminis-trative Sciences, 2022, 12(3), 97-111. https://doi.org/10.3390/admsci12030097

Upadhyay, N., Upadhyay, S., Dwivedi, Y. K. Theorizing artificial intelligence acceptance and digital entrepreneurship model. International Journal of Entrepreneurial Behavior & Research, 2022, 28(5), 1138-1166. https://doi.org/10.1108/ijebr-01-2021-0052

Zhou, J., Cen, W. Digital Entrepreneurial Ecosystem Embeddedness, Knowledge Dynamic Capabilities, and User Entre-preneurial Opportunity Development in China: The Moderating Role of Entrepreneurial Learning. Sustainability, 2024, 16(11), 4343. https://doi.org/10.3390/su16114343

Mourtzis, D., Angelopoulos, J., Panopoulos, N. The future of the human–machine interface (HMI) in society 5.0. Future Internet, 2023, 15(5), 162. https://doi.org/10.3390/fi15050162

Li, X., Zhang, X., Liu, Y., et al. The impact of artificial intelligence on users' entrepreneurial activities. Systems Research and Behavioral Science, 2022, 39(3), 597-608. https://doi.org/10.1002/sres.2854

White, J., Fu, Q., Hays, S., et al. A prompt pattern catalog to enhance prompt engineering with ChatGPT. arXiv preprint arXiv, 2023, 2302.11382. https://doi.org/10.48550/arXiv.2302.11382

Brynjolfsson, E., Mcafee, A. The business of artificial intelligence what it can-and cannot-do for your organization. Harvard Business Review, 2017, 7, 3-11.

Lawrence, C. Hidden in white sight: how AI empowers and deepens systemic racism. New York: Chapman and Hall/CRC, 2023. https://doi.org/10.1201/9781003368755

Prüfer, J., Prüfer, P. Data science for entrepreneurship research: Studying demand dynamics for entrepreneurial skills in the Netherlands. Small Business Economics, 2020, 55, 651-672. https://doi.org/10.1007/s11187-019-00208-y

Hozdić, E., Makovec, I. Evolution of the human role in manufacturing systems: On the route from digitalization and cy-bernation to cognitization. Applied System Innovation, 2023, 6(2), 49. https://doi.org/10.3390/asi6020049

Korzynski, P., Mazurek, G., Altmann, A., et al. Generative artificial intelligence as a new context for management theories: analysis of ChatGPT. Central European Management Journal, 2023, 31(1), 3-13. https://doi.org/10.1108/cemj-02-2023-0091

Rahaman, M. S.. Can ChatGPT be your friend? emergence of entrepreneurial research. Emergence of Entrepreneurial Re-search, 2023.

George, A. S., George, A. H. A review of ChatGPT AI's impact on several business sectors. Partners Universal International Innovation Journal, 2023, 1(1), 9-23. https://doi.org/10.5281/zenodo.7644359

Amankwah-Amoah, J., Abdalla, S., Mogaji, E., et al. The impending disruption of creative industries by generative AI: Opportunities, challenges, and research agenda. International Journal of Information Management, 2024, 102759. https://doi.org/10.1016/j.ijinfomgt.2024.102759

Rathore, B. Future of textile: Sustainable manufacturing & prediction via chatgpt. Eduzone: International Peer Re-viewed/Refereed Multidisciplinary Journal, 2023, 12(1), 52-62. https://doi.org/10.56614/eiprmj.v12i1y23.253

Yin, M. M., Feng, X. Y., Liu, X. Y. The identity evolution process of user entrepreneurs: A multi-case study from the per-spective of identity construction. Nankai Management Review, 2023, 1-24. http://kns.cnki.net/kcms/detail/12.1288.f.20230216.1219.008.html.

Kshetri, N., Hughes, L., louise Slade, E., et al.“So what if ChatGPT wrote it?” Multidisciplinary perspectives on opportunities, challenges and implications of generative conversational AI for research, practice and policy. International Journal of In-formation Management, 2023, 71, 102642.

Singh, D. ChatGPT: A new approach to revolutionise organisations. International Journal of New Media Studies (IJNMS), 2023, 10(1), 57-63.

Kalla, D., Smith, N., Samaah, F., et al. Study and analysis of chat GPT and its impact on different fields of study. International Journal of Innovative Science and Research Technology, 2023, 8(3), 827-833.

Wang, F. Y., Li, J., Qin, R., et al. ChatGPT for computational social systems: From conversational applications to hu-man-oriented operating systems. IEEE Transactions on Computational Social Systems, 2023, 10(2), 414-425. https://doi.org/10.1109/TCSS.2023.3252679

Gu, H. Data, big tech, and the new concept of sovereignty. Journal of Chinese political science, 2023, 1-22. https://doi.org/10.1007/s11366-023-09855-1

Zhou, L., Rudin, C., Gombolay, M., et al. From artificial intelligence (AI) to intelligence augmentation (IA): Design principles, potential risks, and emerging issues. AIS Transactions on Human-Computer Interaction, 2023, 15(1), 111-135. https://doi.org/10.17705/1thci.00185

Short, C. E., Short, J. C. The artificially intelligent entrepreneur: ChatGPT, prompt engineering, and entrepreneurial rhetoric creation. Journal of Business Venturing Insights, 2023, 19, e00388. https://doi.org/10.1016/j.jbvi.2023.e00388

Wu, J., Gan, W., Chen, Z., et al. Ai-generated content (aigc): A survey. arXiv preprint arXiv, 2023, 2304.06632. https://doi.org/10.48550/arXiv.2304.06632

Bouschery, S. G., Blazevic, V., Piller, F. T. Augmenting human innovation teams with artificial intelligence: Exploring transformer‐based language models. Journal of Product Innovation Management, 2023, 40(2), 139-153. https://doi.org/10.1111/jpim.12656

Cai, L., Yang, Y. Q., Zhan, T. Y., et al. The cross-level mechanism of cognition, behavior, and capability in the innova-tion-driven entrepreneurship process under the digital economy: A case study based on Sany Group. Nankai Management Review, 2022, 1-24. http://kns.cnki.net/kcms/detail/12.1288.F.20221027.0959.002.html

Paul, J., Alhassan, I., Binsaif, N., et al. Digital entrepreneurship research: A systematic review. Journal of Business Research, 2023, 156, 113507. https://doi.org/10.1016/j.jbusres.2022.113507

Tekic, Z., Füller, J. Managing innovation in the era of AI. Technology in Society, 2023, 73, 102254. https://doi.org/10.1016/j.techsoc.2023.102254

Liu, Z., Huang, Y., Yu, X., et al. Deid-gpt: Zero-shot medical text de-identification by gpt-4. arXiv preprint arXiv, 2023, 2303.11032. https://doi.org/10.48550/arXiv.2303.11032

Korinek, A. Generative AI for Economic Research: Use Cases and Implications for Economists. Journal of Economic Litera-ture, 2023, 61(4): 1281-1317. https://doi.org/10.3386/w30957

Rivas, P., Zhao, L. Marketing with chatgpt: Navigating the ethical terrain of gpt-based chatbot technology. AI, 2023, 4(2), 375-384. https://doi.org/10.3390/ai4020019

Carvalho, I., Ivanov, S. ChatGPT for tourism: applications, benefits and risks. Tourism Review, 2024, 79(2), 290-303. https://doi.org/10.1108/tr-02-2023-0088

Taecharungroj, V. “What can ChatGPT do?” Analyzing early reactions to the innovative AI chatbot on Twitter. Big Data and Cognitive Computing, 2023, 7(1), 35. https://doi.org/10.3390/bdcc7010035

Hassani, H., Silva, E. S. The role of ChatGPT in data science: how ai-assisted conversational interfaces are revolutionizing the field. Big Data and Cognitive Computing, 2023, 7(2), 62. https://doi.org/10.3390/bdcc7020062

Ray, P. P. ChatGPT: A comprehensive review on background, applications, key challenges, bias, ethics, limitations and future scope. Internet of Things and Cyber-Physical Systems, 2023, 3, 121-154. https://doi.org/10.1016/j.iotcps.2023.04.003

AlZu'bi, S., Mughaid, A., Quiam, F., et al. Exploring the capabilities and limitations of chatgpt and alternative big language models. Artificial Intelligence and Applications, 2024, 2(1), 28-37. https://doi.org/10.47852/bonviewAIA3202820

Gupta, V., Yang, H. Generative artificial intelligence (AI) technology adoption model for entrepreneurs: Case of ChatGPT. Internet Reference Services Quarterly, 2024, 28(2), 223-242. https://doi.org/10.1080/10875301.2023.2300114

Published

2024-08-06

How to Cite

Zhou, J., & Cen, W. (2024). Investigating the Effect of ChatGPT-like New Generation AI Technology on User Entrepreneurial Activities. Innovation & Technology Advances, 2(2), 1–20. https://doi.org/10.61187/ita.v2i2.124