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Markets and Businesses See Shifts Three Years After ChatGPT’s Introduction
Markets and Businesses See Shifts Three Years After ChatGPT’s Introduction
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Three years post-launch, ChatGPT has catalyzed a transformative wave across technology and financial markets. The AI tool's debut coincided with a nadir in investor sentiment, yet its rapid adoption spurred a 70% surge in the S&P 500—a stark reversal from the index's 25% post-COVID slump. OpenAI's valuation skyrocketed from $14 billion to an estimated $500 billion, underscoring AI's newfound economic hegemony.
Market dynamics reveal a telling chronology: weeks after ChatGPT's November 2022 release, the S&P 500 clawed back 13% from October lows, though new peaks wouldn't materialize until 2024. This AI-driven renaissance extended beyond equities, reshaping corporate strategies and capital allocation across sectors.
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