It is going to be still, quite some time, before stuff generated by large language models (LLMs, the category of AI under which ChatGPT and similar technologies is under) is able to truly replace any sort of knowledgeable human. I would say this is still decades into the future, and even then, human experts will never be able to be replaced.
Many are also touting LLMs / Generative AI as one of the biggest innovations of our lifetime, akin to the advent of the Internet, the browser, and the "app screen" on the smartphone. I do not believe this is on the same plane, though it is probably the biggest innovation we've had for the past 15 years.
There is, bottom line, MUCH work to do to make Generative AI / LLMs truly useful and productive, though we have seen the beginnings of it happen.
This is an insightful blog post, if you are interested in more about the topic and its significance.
Unlike other emerging technologies for which we typically counsel a cautious approach, we believe you must act on genAI now.
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