Large Language Models (LLM) are powerful tools with many applications in today’s business technology. They can enhance profits, improve corporate processes, and enable speedier decision-making. LLM has a significant impact on numerous business sectors, offering the ability to address any issue and deliver answers based on enormous amounts of data, promising positive outcomes. However, while it is in high demand, incorporating it into various sectors is difficult. Many small-scale entrepreneurial enterprises struggle to utilize LLM for their business needs. This paper addresses the challenges of LLM, specifically the potential issues that any business would face when implementing it into their operations.

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Impact of Large Language Models on Entrepreneurship: Challenges for Innovation

  • Anjana Nittur,
  • Eugene Pinsky

摘要

Large Language Models (LLM) are powerful tools with many applications in today’s business technology. They can enhance profits, improve corporate processes, and enable speedier decision-making. LLM has a significant impact on numerous business sectors, offering the ability to address any issue and deliver answers based on enormous amounts of data, promising positive outcomes. However, while it is in high demand, incorporating it into various sectors is difficult. Many small-scale entrepreneurial enterprises struggle to utilize LLM for their business needs. This paper addresses the challenges of LLM, specifically the potential issues that any business would face when implementing it into their operations.