This is the best summary I could come up with:

AI chatbots like OpenAI's ChatGPT can operate a software company in a quick, cost-effective manner with minimal human intervention, a new study has found.

Based on the waterfall model — a sequential approach to creating software — the company was broken down into four different stages, in chronological order: designing, coding, testing, and documenting.

After assigning ChatDev 70 different tasks, the study found that 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's findings highlight one of the many ways powerful generative AI technologies like ChatGPT can perform specific job functions.

Nevertheless, the study isn't perfect: 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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