The update has also affected "wrapper" companies that rely heavily on APIs, with Sahar Mor, product lead at Stripe, warning that the move could wipe out dozens of AI companies. Alex Reibman, a data scientist who built a ChatGPT plugin for scanning PDFs, also expressed concern, stating that his plugin will likely see less usage following the update.
Key takeaways:
- OpenAI has released a new update to ChatGPT that allows subscribers to upload and summarize PDFs, a move that threatens businesses that use OpenAI's system to help customers process PDFs.
- This development has been described as a death stroke for such businesses, highlighting the power of Big Tech to disrupt smaller players in the industry.
- Alex Ker, founder of AI incubator P-ai, commented on the situation saying "Many startups just died today," emphasizing the harsh reality of the AI entrepreneurship field.
- Sahar Mor, product lead at Stripe, warned that OpenAI's move could wipe out dozens of AI companies, particularly "wrapper" companies that rely heavily on APIs.