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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

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Marketplace®

Daily business news and economic stories
Nov 21, 2023

Happy birthday, ChatGPT!

We’ll reflect on generative AI’s first year in the public eye. Plus, some visitors to China grapple with homegrown tech.

Happy birthday, ChatGPT!
Sebastien Bozon/AFP via Getty Images

Segments From This Episode

  • "I think there was no business owner out there that when they were exposed to ChatGPT couldn't imagine that there was some application for this technology to make their own business more efficient," says Amin Ahmad of Vectara.
    Sebastien Bozon/AFP via Getty Images

    Some experts are surprised we’re not using AI tools even more.

  • Thailand's Napatr Morin learned some Chinese before visiting China for the first time to sell her rice cracker snacks. She says knowing the language, or bringing someone who speaks Chinese is crucial for business and to use Chinese apps to get around.
    Charles Zhang/Marketplace

    Chinese apps are becoming more embedded in daily life in China, but many obstacles remain for foreign visitors to use them.

  • In Tulsa, this sneaker seller hopes to attract more customers with different price points

    by Sean McHenry

    Venita Cooper, owner of Silhouette Sneakers and Art and founder of the app Arbit, is betting that different price points will encourage customers to shop. “I’ve tried to curate a more diverse selection of sneakers in terms of price point,” said Cooper. “So fewer $1000-plus sneakers in the store and more sneakers in the $200 to $300 range

  • The longer people have to wait to become homeowners, the more pressure there is on the rental market, says Daniel McCue with Harvard’s Joint Center for Housing Studies.
    Justin Sullivan/Getty Images

    The median age of first-time homebuyers is now 35 — up from 29 in 1981. And the median age of all homebuyers is now 49 — up from 31 in 1981.

  • The most common reasons for "hardship withdrawals," Fidelity reported, were avoiding eviction or foreclosure and paying medical expenses.
    skodonnell/Getty Images

    “Hardship withdrawals” are rising, Fidelity Investments reports, most commonly to avoid eviction or foreclosure or pay medical bills.

  • Venezuelan migrants sign in at a refugee job fair in Chicago. But attendees who arrived in the U.S. after July 31 could not apply for jobs.
    Esther Yoon-Ji Kang/WBEZ

    Some have temporary protected status, but work permits can take time. Those who arrived after July 31 can’t work legally.

Music from the episode

The Team

Happy birthday, ChatGPT!