Theory-driven perspectives on generative artificial intelligence in business and management

The advent of generative artificial intelligence (GAI) has sparked both enthusiasm and anxiety as different stakeholders grapple with the potential to reshape the business and management landscape. This dynamic discourse extends beyond GAI itself to encompass closely related innovations that have existed for some time, for example, machine learning, thereby creating a collective anticipation of opportunities and dilemmas surrounding the transformative or disruptive capacities of these emerging technologies. Recently, ChatGPT's ability to access information from the web in real time marks a significant advancement with profound implications for businesses. This feature is argued to enhance the model's capacity to provide up-to-date, contextually relevant information, enabling more dynamic customer interactions. For businesses, this could mean improvements in areas like market analysis, trend tracking, customer service and real-time data-driven problem-solving. However, this also raises concerns about the accuracy and reliability of the information sourced, given the dynamic and sometimes unverified nature of web content. Additionally, real-time web access might complicate data privacy and security, as the boundaries of GAI interactions extend into the vast and diverse Internet landscape. These factors necessitate a careful and responsible approach to evaluating and using advanced GAI capabilities in business and management contexts.