Artificial-intelligence chatbots such as OpenAI’s ChatGPT can operate a software company in a quick, cost-effective manner with minimal human intervention, a new study indicates.
The findings came after researchers published another study in which AI agents powered by large language models were able to run a virtual town on their own.
Based on the waterfall model — a sequential approach to creating software — the company was broken down into four stages in chronological order: designing, coding, testing, and documenting.
After assigning ChatDev 70 tasks, the study found the AI-powered company was able to complete the full software-development process “in under seven minutes at a cost of less than one dollar,” on average — all while identifying and troubleshooting “potential vulnerabilities” through its “memory” and “self-reflection” capabilities.
“Our experimental results demonstrate the efficiency and cost-effectiveness of the automated software development process driven by CHATDEV,” the researchers wrote in the paper.
The study wasn’t perfect, however: Researchers identified limitations, such as errors and biases in the language models, that could cause issues in the creation of software.
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