According to MarketsandMarkets research, the global chatbot market is expected to reach $10.5 billion by 2026, at a CAGR of 23.5%. However, with the latest ChatGPT Artificial Intelligence (AI) innovation gaining 1 million users in a week, it seems the market is geared to expand at an even faster rate. Now coming to the obvious question, what is ChatGPT? It is a GPT-3-based natural language processing tool that allows users to have human-like conversations with an AI chatbot. It’s like having your personal genie in a digital bottle, always ready to offer a helping hand.
Curious to know more? Read on to learn about this latest innovation in the field of AI.
ChatGPT Examples: Questions to Ask
Users can ask all kinds of questions to ChatGPT to get straightforward and uncluttered responses in return. For example, you can use the tool as an encyclopedia and ask questions. For instance, “define Newton’s laws of motion” or “write a poem”. Additionally, you may ask the AI tool to design a computer program and demonstrate all the different combinations to arrange the letters of a word.
Who Created ChatGPT?
ChatGPT is Open AI’s brainchild. Open AI is an artificial intelligence research startup organization whose mission is to create an AI system that is safe and beneficial.
The company has previously made headlines with GPT-3, which can produce text that sounds like it was written by a human, and DALL-E (a generative AI tool), which creates AI art/digital images from natural language descriptions.
How Does ChatGPT Work?
With an understanding of what is ChatGPT, let’s explore how it works. At its foundation, ChatGPT is a GPT3 and GPT 3.5-based large language model. This AI tool applies machine learning algorithms to a massive corpus of text to respond to users’ requests using language that sounds surprisingly human-like.
According to OpenAI, ChatGPT enhances its capability through reinforcement learning, which depends on human feedback. The business hires human AI trainers to interact with the model while assuming the roles of both a user and a chatbot. Trainers compare responses given by ChatGPT to human replies and grade their quality to reinforce human-like conversation approaches.
Will ChatGPT Replace Google as an “Answer Engine”?
It can be helpful to ask questions to a computer and receive prompt responses, and ChatGPT does exactly that. Google typically provides users with links to websites it considers to be relevant as well as its own proposed answers to user inquiries. Often, ChatGPT responses surpass Google’s recommendations as it uses the latest, well-trained AI algorithms.
However, before trusting ChatGPT replies, users should confirm the information from authentic sources. Verifying the accuracy of ChatGPT answers takes effort because, unlike Google, it uses raw text without any links or citations. Moreover, as ChatGPT continues to make progress, Google is also building large language models of its own and using AI extensively in its search algorithms.
Therefore, to think that ChatGPT will replace Google’s answer engine sounds a bit far-fetched, but it is definitely showing the way toward it.
What are ChatGPT’s Limitations?
- Wrong Answers
ChatGPT is a large language model that is continuously being trained to increase the accuracy of responses. However, since it is a brand-new tech, the model has not yet undergone sufficient training. Therefore, the AI chatbot may provide wrong answers. Due to this, StackOverflow has banned ChatGPT, saying: “Overall, because the average rate of getting correct answers from ChatGPT is too low, the posting of answers created by ChatGPT is substantially harmful to our site and to users who are asking or looking for correct answers.”
- Limitations in Training Data and Bias Issues
Like many AI models, ChatGPT has limitations in its training data. Both the constraints in training data and bias in the data can create a negative impact on the model’s output. In fact, ChatGPT has shown bias when it comes to training minority data groups. Therefore, it’s important to improve the data transparency of the models to reduce bias in this technology.
On Twitter, there is a conversation thread regarding how many Graphics Processing Units (GPUs) are required to run ChatGPT. The takeaway here is that running ChatGPT is highly expensive. Given that ChatGPT is a free product, a lot of questions are currently being raised on how sustainable the technology is in the long run.
What Can You Create With ChatGPT?
Besides providing responses to human queries, ChatGPT can be used to do the following:
ChatGPT can be used for content creation, as it can easily write content based on a prompt. For instance, the AI tool can write a song based on a user’s command. Moreover, ChatGPT can also help users to add a touch of elegance to their writing style and achieve their literary goals.
Generate AI Art
Since the introduction of DALLE-2, Midjourney, and other artistic AI tools, AI art generators have been at the forefront of the creation of artistic images. Moving ahead, OpenAI’s ChatGPT has enormous potential in producing richly detailed Augmented Reality (AR) scenarios, when prompted.
Write Code and Debug
ChatGPT can process code, write code, and help developers debug codes as well. For instance, it can be used to generate SQL queries. Since knowledge of SQL is imperative for data scientists, using ChatGPT to enhance SQL skills can accelerate your career and take it to the next level.
Manage and Manipulate Data
Unstructured data is hard to sort, manage, and organize, making it redundant. ChatGPT comes to the rescue as it can convert unstructured data into a structured format by manipulating data. For instance, the tool can be used to add data to a table, make indexes, and understand JSON queries.
Explain and Tutor
It is interesting how well ChatGPT can explain words, code, and even physics. As the AI tutor capabilities of ChatGPT develop and become more refined in the coming years, it can dramatically alter the way students interact with the outside world.
Consequently, ChatGPT will also have a huge impact on the education tech industry. Many edtech companies can now teach the fundamentals of a topic and make use of ChatGPT to offer students a platform to ask questions and clear their doubts.
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How Can I Get Started Using ChatGPT?
Users can get started with ChatGPT by registering for an OpenAI account for free. However, before signing up, it is advised to read through a few short disclaimers. The website notifies users to not enter any sensitive information. Also that the technology may employ user-generated results to improve its training algorithms.
In spite of its limitations, ChatGPT is demonstrating its suitability in meaningful use cases. Therefore, businesses are looking forward to leveraging it for commercial purposes. Hence, now is the ideal time for enthusiasts to learn about the latest trends and exciting opportunities in this field. To further understand the tech that is powering such innovations, check out Emeritus’ world-class AI and ML online courses spanning the latest industry topics and innovations.
By Rupam Deb
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