The AI chatbot developed by Open AI, is disrupting many business models and industries. It understands and gives feedback on human inputs and manages several tasks, such as generating content, writing code, solving math problems, finance markets, trading insights, price projections, stock markets, and cryptocurrencies like Bitcoin.
This nascent technology still needs to overcome lots of hurdles. It needs more information on current knowledge and has a knowledge base up to 2021. It doesn't have real-time information, like search engines, so search engines still have the upper hand in that regard.
Microsoft purchased an exclusive license to the underlying technology behind GPT-3 in 2020 after investing $1 billion into OpenAI.
It's a chatbot named Generative Pre-trained Transformer (GPT), developed by Microsoft-owned Open AI. According to the OpenAI website, they have "trained a model called ChatGPT, which interacts in a conversational way. The dialogue format allows ChatGPT to answer follow-up questions, admit mistakes, challenge incorrect premises, and reject inappropriate requests. ChatGPT is a sibling model to InstructGPT, which is trained to follow the instruction in a prompt and provide a detailed response."
ChatGPT can explain complex issues in simple terms. You can use ChatGPT to brainstorm ideas, but you still have to do your research before starting your project. Here are some examples
It can explain and debug code. It can help you to narrow down your program bug. It can write blocks of functional code snippets from scratch. But you still need to test the code before you deploy a ChatGPT code to a production server.
ChatGPT is an AI software trained on a massive amount of text data in various languages, enabling it to learn different languages' patterns and structures. It can translate ninety-five languages. Some major ones are French, German, Spanish, Russian, Chinese, Hindi, Arabic, and many more.
It can write content and essays on any topic, but you must be careful about plagiarism. Your ChatGPT-generated content can be detected for plagiarism on ChatZERO.
It can generate a list of potential keywords or phrases, but you still need to do your homework!
It cannot generate original content, as it can only recombine and modify the information it has been trained on.
As much as the application has evolved on the data it has been trained on, it still falls short in some situations as it lacks common human sense. This leads to it sometimes generating factually incorrect information.
All AI models, including ChatGPT, have limitations in its training data. It's only as good as the data that it has been trained on. It is programmed to generate text based on patterns in the data it has been trained on. It still needs to overcome lots of hurdles. It needs more information on current knowledge and has a knowledge base up to 2021. It doesn't have real-time information like search engines.
Humans have empathy and emotional intelligence and can read between the lines and sense the tone during one-to-one communication, which ChatGPT cannot do. ChatGPT can enhance your creativity but cannot replace human intelligence.