Don't Get Wrapped Up in AI Hype: Why GPT API-Based Startups Need a Reality Check
In the past year, a surge of AI tools has hit the market, with many identifying as AI startups. The advent of OpenAI’s ChatGPT, including GPT-3.5 and GPT-4 models, has revolutionised how we interact with technology. However, amidst this excitement, a trend needs addressing: the phenomenon of “API wrappers” masquerading as AI startups. While it’s true that many of these products utilize the power of OpenAI’s GPT APIs, it’s essential to take a step back and consider the implications of relying solely on an external API for your business. Does wrapping GPT APIs and selling a service based on them warrant the label of an AI startup? Let’s take a closer look at the potential downsides of this approach.