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ChatGPT is a chatbot created by OpenAI that has become the fastest-growing app in history, reaching one million users in five days and 100 million in two months. This blog piece discusses what competition lawyers and economists should expect from ChatGPT. It warns that ChatGPT does not owe us the truth and may base its evaluation on incomplete or biased data. However, it can provide incredible help to those working in many fields, such as research analysts, copywriters, lawyers, economists, and paralegals.