What is ChatGPT? Top Capabilities and Limitations You Must Know

What is ChatGPT? Top Capabilities and Limitations You Must Know | Artificial Intelligence and Machine Learning | Emeritus

Although in its nascent form, three years ago, the chatbot industry of India was a $3.1 billion market (Source: Mantralabs). However, with the latest ChatGPT Artificial Intelligence (AI) innovation, it seems that 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 this AI tool 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 ChatGPT is, 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 this AI 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 towards 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, this AI tool 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.

  • Sustainability

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:

  • Create Content

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, this AI tool 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 ed-tech 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.

How Can You Get Started Using ChatGPT?

Users can get started with the AI tool 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, this chatbot 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.

What is the Future Scope of Artificial Intelligence and Machine Learning in India?

Even though artificial intelligence is still in the adoption stage, it is widely utilised in most industries. And the major industries that have been using Artificial Intelligence and Machine Learning are solving immensely complex problems. Some of the industries include Education and Infrastructure, Agriculture, Transport, Healthcare, Cyber Security, Banking, Entertainment, Manufacturing, etc.

In India, AI & ML have positively impacted tools and application development. Besides, it also significantly impacted various other aspects of the IT industry. Amongst all the future scopes of AI & ML in India, Chatbots have gained magnificent prominence.

At present, hundreds and thousands of chatbots are being deployed to help humans do their work faster. In fact, chatbots have been serving businesses predominantly, thereby establishing a connection with consumers.

The newly innovated chatbot – ChatGPT has been catering to customer queries and resolving their issues without demanding human intervention. This revolutionary intervention of AI has now been taking over software applications in a remarkable way!

Emeritus is one of the most prominent institutions in India, as it’s popularly known for its distinctive culture. Besides, it has been offering magnificent exposure to new-age learning skills and existing technical knowledge. So, if you are thinking about building a career in AI & ML, you can consider enrolling yourself in Emeritus.


About the Author

Senior Content Contributor, Emeritus Blog
Varun, a seasoned content creator with over 8 years of diverse experience, excels in crafting engaging content for various geographies and categories. Leveraging this expertise, he seamlessly translates complex concepts into enriching educational content for the EdTech domain. His keen understanding of research and life experiences helps him resonate with students and create fact-based content. He finds solace and inspiration in music, nurturing his creativity for content creation.
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