AI Chatbots successfully build software in under 7 minutes for less than $1

AI Chatbots, such as OpenAI's ChatGPT, can create incredibly cost-friendly software in record time, reveals a new study.

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The AI Tech Company Experiment

• Brown University and several Chinese University researchers put ChatGPT-powered AI bots to the test by making them run a hypothetical software development company, ChatDev.
• The AI chatbots were given specific roles and allocated respective stages based on the traditional waterfall model encompassing designing, coding, testing, and documenting.
• AI 'employees' functioned with minimal human input to complete their parts of the software development process.

Impressive Results

• Assigning 70 tasks to ChatDev led to the completion of the entire software development process in under seven minutes at a cost of less than one dollar on average.
• A stunning 86.66% of the generated software systems performed flawlessly.
• Despite some language model errors and biases, the study demonstrates AI's immense potential in automating tasks - a boon, especially to junior programmers around the world.

Broader Implications

• Powerfully generative AI technologies like ChatGPT can perform specific job functions, saving time, and boosting productivity in several industries.
• While coders find such tools beneficial, it's also critical to note that limitations and biases do exist in AI models which could potentially affect the software creation process.

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