What is ChatGPT?

Nowadays, AI-powered chatbots have steadily gained traction across various business and personal applications. They can respond to user queries with helpful information, resolve support requests, provide navigation assistance, and more. In November 2022, OpenAI released its new AI chatbot, ChatGPT, which shifted our perspective on what AI tools could accomplish dramatically. ChatGPT (Generative Pre-training Transformer) is an AI model designed specifically to understand and mimic human language. It is simple to use remarkably, gaining 1 Million users in the first five days of public offering. A user enters a prompt (such as a question, instruction, etc.) and receives a response. Each prompt is entered, the tool logically determines the appropriate information from its database and generates a coherent answer. Userscan ask follow-up questions, and the bot uses the previous interactions as context to provide more accurate responses. Essentially, interactive tools are designed to feel like a conversation.

ChatGPT (Generative Pre-training Transformer) is an AI model designed specifically to understand and mimic human language. Gaining 1 Million users in the first 5 days of public offering, it is remarkably simple to use: A user enters a prompt (such as a question, instruction, etc.) and receives a response. Each time a prompt is entered, the tool logically determines the appropriate information from its database and generates a coherent response. Users can ask follow-up questions and the bot uses the previous interactions as context to provide more accurate responses. Essentially interacting with the tool is meant to feel like a conversation.

Here’s what the ChatGPT interface looks like:

ChatGPT In Action

We asked ChatGPT about itself and here is how that conversation went:

Prompt: What is ChatGPT?

Response: ChatGPT is a conversational language model developed by OpenAI, it uses deep learning techniques to generate human-like responses to a given prompt by predicting the next text given the context. It is trained on a large corpus of text data and can respond to a wide range of questions and topics.

Prompt: Briefly describe the capabilities of ChatGPT

Response: ChatGPT is capable of generating human-like text in a conversational manner. It can:

  • Respond to questions on a wide range of topics, including but not limited to general knowledge, current events, and personal experiences. Complete text prompts such as completing a story or answering a question.
  • Generate coherent and fluent responses in natural language.
  • Summarize and simplify complex information into more accessible language.
  • Conduct small talk and engage in casual conversations.

It should be noted that while ChatGPT is highly advanced, it is not perfect and can sometimes generate incorrect or nonsensical responses.

Here we see a reasonably helpful description of ChatGPT and its capabilities. We tested out the bot’s performance with a variety of prompts, and while the tool certainly has limitations, in most cases, it did a fairly decent job of producing a coherent response.

Applications

Since its release, the tool has garnered massive interest. It can answer questions on a broad range of topics and it can be utilized by people in a variety of ways: users have asked it to explain complicated concepts, create original content, consolidate information, and much more. Here are some key ways in which the tool can be used:

Search

ChatGPT fundamentally changes how we search and access information. Search engines (such as Google) are always the first stop when seeking information from the internet. They generate relevant website links with summaries to direct the user to the right place. ChatGPT simplifies this process by directly extracting the information you need from the internet, thus minimizing the time spent browsing and reading through individual pages. However, at the moment the tool does not indicate information sources or citations and that leaves the credibility of the generated responses in question.

Coding 

ChatGPT is also capable of systematically solving problems using code. With the right prompts users can generate code to accomplish various tasks. While experience and knowledge are still necessary to identify and correct any potential errors, the AI tool can save developers and programmers valuable time and energy in certain cases. It can be a valuable tool to troubleshoot or automate certain aspects of programming.

Copywriting

Marketing teams spend a lot of time generating content to help advertise products and services. Automating copywriting with ChatGPT’s AI-generated content helps marketers expedite the brainstorming process to come up with new ideas so they can focus their creativity on effectively targeting audiences. The AI-produced content can be utilized in various formats such as stories, poems, articles, blog posts, social media posts, etc.

Productivity

ChatGPT can be used to enhance productivity to allow users to minimize time spent on tedious tasks. It can help users expedite their workflow based on the specificity of the prompt they enter to direct the AI tool: it can summarize details from long pieces of text, create initial drafts for documents (briefs, agreements, contracts, etc.), generate responses for emails or general queries, organize key information in a desired format and much more.

ChatGPT can be leveraged by both individuals and businesses in many different applications. Combining the tool’s capabilities with human judgment and expertise opens up many possibilities for users.

Summary

ChatGPT capabilities will continue to evolve over time. OpenAI is analyzing user interactions and performance to further develop and optimize the underlying technology. Feedback from human experts and users, on the tool’s response accuracy, relevance, and helpfulness, is being used to help the tool learn how to improve the quality of future responses. Some of the responses generated by ChatGPT may be inaccurate, misleading, or entirely wrong. It may even generate different responses based on when asked the same question multiple times, which makes its credibility questionable at times. Overall, while the tool is a good starting point for basic queries it would not be wise to rely on ChatGPT to provide answers in critical situations, applications, or use cases. However, its performance is only expected to improve over time as it learns from more user data.

Interested in using artificial intelligence and machine learning in your business? AIPI3’s machine learning solutions are driven by artificial intelligence & machine learning experts with extensive experience across a wide range of industries, specializations, and applications. 

Get in touch with AIPI3 to discover how we can assist you!