The artificial intelligence chatbot developed by AI startup OpenAI, ChatGPT, is making the news all over the world.
Interestingly, ChatGPT is able to respond to users’ written input in a human-like manner, producing everything from advice on what to do for a child’s birthday party to poetry written in the style of William Shakespeare.
Google and Microsoft, two of the largest tech companies in the world, have also been embroiled in a heated dispute as a result of ChatGPT’s expansion.
What’s ChatGPT?
Suddenly, ChatGPT has sparked conversation in schools, the business world, and social media.
ChatGPT is “an AI-powered chatbot developed by OpenAI, based on the GPT (Generative Pretrained Transformer) language model,” according to its own description. It generates human-like responses to text inputs in a conversational manner using deep learning techniques.”
These artificial intelligence (AI) stocks have already won over analysts, offering a potential upside of 150 percent. The tool is currently the talk of the business world. Management from a variety of businesses, including oil majors, financial institutions, and even Caterpillar, have mentioned it on earnings calls.
Additionally, there are concerns regarding potential abuses. Students have used ChatGPT to create complete essays in the classroom, and hackers have begun testing it to create malicious code.
OpenAI, a startup based in San Francisco, created the AI chatbot known as ChatGPT. Elon Musk and Sam Altman co-founded OpenAI in 2015, and Microsoft is one of the prominent investors in the company.
One of many examples of generative AI is this one. These are applications that enable users to respond to written prompts and receive new AI-generated text, images, and videos that are human-like.
Dall-E, an OpenAI text-to-image program that was captivated by its capacity to produce realistic, frequently absurd, images that match text descriptions, is one of the preceding examples.
Lensa, an app based on the open-source AI project Stable Diffusion, has been used to transform selfies into stunning self-portraits that are influenced by anime and sci-fi.
In the case of ChatGPT, the service is a text-based tool that can respond to user requests in a human-like way. Examples of such responses include advice on what to do for a child’s birthday party or poetry written in the style of William Shakespeare.
So What Makes It That Special?
A large language model, or LLM, powers ChatGPT, which is programmed to comprehend human speech and generate responses from vast data corpuses.
The LLM for ChatGPT is called GPT-3.5. OpenAI’s GPT-3 language model has been upgraded for this.
GPT-3 is one of the largest and most effective AI models for language processing to date, with 175 billion parameters.
Because of the vast amounts of data it is trained on, ChatGPT is able to produce responses that are comparable to those of a human.
The fact that the responses are becoming increasingly more human-like makes this tool exciting. As a result, you are witnessing outcomes that we did not anticipate computers could achieve in the past.
ChatGPT’s ability to record context from users’ earlier messages in a thread and use it to formulate responses later in the conversation is another feature that sets it apart.
Why is it so well-liked? Because no other generative AI application has quite managed to achieve the kind of influence and virality that the ChatGPT has, it is now very popular.
At the World Economic Forum in Davos, Switzerland, last month, it was the topic of numerous memes and business discussions. In the meantime, Ernie Bot was created by Baidu, a Chinese internet search engine.
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Altman tweeted on December 5 that one million people had signed up for the chatbot within five days of its release. A UBS note published last week said that just two months after its launch, ChatGPT had 100 million monthly active users, making it the fastest-growing consumer application in history.
According to Similarweb data, the biggest day ever for ChatGPT was January 31, 2023, when its website received a record 28 million daily visits. Compared to a month ago, that was up 165%.
Accessibility is one factor that contributes to ChatGPT’s popularity. Through the OpenAI website, anyone can use the service, which could be used for anything from homework to legal briefs. However, the timing has also been a major factor.
OpenAI, the owner of ChatGPT, is worth billions of dollars to Microsoft. The tech giant signed a multiyear, multibillion-dollar investment agreement with OpenAI at the end of January.
Microsoft withdrew the specific dollar figure. According to reliable information, a Washington-based technology company was in talks to invest as much as $10 billion in the business. OpenAI received an initial $1 billion investment from Microsoft.
Microsoft held a press event on February 7 to announce new AI-powered updates to its Edge browser and Bing search engine. Altman confirmed that OpenAI’s GPT-3.5 language technologies had been incorporated into Bing by Microsoft.
The following day, Google unveiled Bard AI, its own take on ChatGPT. In the coming weeks, the company intends to begin implementing Bard in Google Search.
At the moment, ChatGPT is seen as a threat to Google. People could rely on ChatGPT for all research, etc., rather than the pioneer of web search for their most pressing questions.
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Through the introduction of its own large language model, Lamda, in 2021, Google was actually one of the early players in the advanced conversational AI game. It failed to launch its own consumer product based on Lamda, but it hopes to change that with the language model-powered Bard.
ChatGPT also has problems?
There are limitations to ChatGPT. The chatbot’s responses may not be entirely accurate. It might, for instance, come up with fictitious historical names and books or fail to solve certain math problems. These models’ open-ended nature is both a blessing and a curse.
On the one hand, interactions are highly adaptable and fluid, and almost any topic can be the subject of an engaging conversation. You never quite know when the model is real and not hallucinating overly confidently.
According to experts, generative AI is not yet capable of achieving “general” intelligence comparable to that of humans.
In the AI community, artificial general intelligence, or AGI, is frequently regarded as the ultimate goal. The ability of an intelligent agent to comprehend or learn anything that a human being can comprehend or learn is the most common meaning.
OpenAI to Google’s DeepMind are just a few of the businesses that hope to accomplish that.
GPT-4, OpenAI’s next-generation LLM model, has already generated excitement due to the potential of GPT-3.
In a recent interview with StrictlyVC, OpenAI’s Altman stated that people were “begging to be disappointed” in order to temper expectations regarding GPT-4.
