OpenAI's ChatGPT is making its way to iPhones, marking a significant step in AI integration. The launch of the ChatGPT app for macOS earlier in May was just the beginning of Apple's AI transformation. On July 10, the Center for Applied AI at Chicago Booth gathered leading scholars to discuss the impact of generative AI, like ChatGPT, on the labor market. Additionally, ChatGPT's capabilities extend beyond mere conversation; it can code, generate images, and create content, offering numerous opportunities for monetization. The AI tool is also being used for crypto research, business productivity, and customer service enhancement.