Why ChatGPT is taking the world by storm?

You must be living under a rock if you haven’t heard about ChatGPT. 

Have you heard about what it is capable of? Well, you will know after reading this. 

OpenAI launched this AI-powered chatbot in November, and it crossed the one million users benchmark in the first week of its launch. It is still in its trial version and available to the public for free.

In this article, we’ll discuss the working, operations, limitations, and scope of ChatGPT. 

So, keep reading.

What is ChatGPT?

ChatGPT is a chatbot created by OpenAI, an AI company. It can understand and respond to questions just like a human would. It is powered by the company’s Generative Pre-trained Transformer-3 GPT-3) technology. 

It was made by teaching the computer a lot of information from texts, and it can now answer questions and even write sentences that sound like a person wrote them.

ChatGPT can be used for many things, like interacting with people through chatbots, writing articles, and translating different languages. 

And the best part is that it can be changed to be even better for different jobs.

How to use it?

It is quite fun to test it by yourself. All you have to do is signup on to the OpenAI site and click on the “TRY CHATGPT” tab. You might have to wait for hours because, currently, there is huge traffic testing out the free version. 

So, the website remains at almost all the time at full capacity. It can take multiple attempts to experiment with it. 

Is it free to use?

Yes. When writing this, the basic version of ChatGPT is free to use. But it will not continue to be free in the future. An estimate is that OpenAI is currently spending $3 billion monthly to run the chatbot. 

Subscription and Pricing

To solve the problem of being “at its capacity,” OpenAI also has announced a paid version named ChatGPT Plus. Currently, it is unavailable, but the people wanting a subscription can join the waitlist. 

In the future, OpenAI will charge $20 per month for its premium version. The subscribers can access it during peak hours for faster responses. They will also have access to the new features. 

How does ChatGPT works?

ChatGPT is a transformer-based neural network language model trained on a large amount of text data. It has been designed to write human-like text based on its input. 

It uses a deep neural network architecture consisting of multiple layers. Each layer processes the input data and generates a representation of the text. 

The outputs from each layer are then passed to the next layer, where the representations are further processed until the final output is generated.

The operations performed by ChatGPT can be categorized into two types: encoder operations and decoder operations. 

• The encoder operations are responsible for processing the input text and generating a representation. 
• The decoder operations generate the final output text based on the representation generated by the encoder.

In short, ChatGPT is a highly sophisticated language processing mode, which is what makes it different from other chatbots. 

Why is ChatGPT taking the world by storm?

It is revolutionizing the way we interact with machines. With its advanced GPT3 (Generative Pre-trained Transformer) technology, ChatGPT has quickly become one of the most popular AI technologies. 

There are already over 300 million users per month currently visiting the site. Here, we’ll explore why ChatGPT is taking the world by storm.

• It can generate text.

ChatGPT’s impressive feature is its capacity to produce human-like text.  It can generate coherent and meaningful text based on its input. This is achieved by providing it with an initial sentence or prompt. 

It can be beneficial in language translation, summarizing text, and completing sentences. It has numerous applications, including chatbots, virtual assistance, and creative writing.

• It can be automated for human-like conversations. 

ChatGPT can be used to develop conversational AI applications such as chatbots and virtual assistants. It can be trained to understand and respond to various types of questions and requests in a human-like manner.

• It can translate accurately.

ChatGPT can translate text between two different languages. The model can be fine-tuned to translate between specific language pairs and generate high-quality translations that preserve the meaning and context of the original text.

• It can revolutionize NLP.

ChatGPT can make a big difference in how we understand human language. It knows how to understand human language, so it can make virtual assistants, chatbots, and other AI systems work better. This can help businesses to interact with customers and help people get what they need. 

It can also make surfing easy, providing people with what they are looking for. 

• It can transform the entertainment world.

ChatGPT can revolutionize what we consume as entertainment. Its ability to create text that seems like a human wrote can lead to new kinds of literature and even new stories. 

This can greatly impact the publishing and entertainment industry if it is used to produce scripts for films and TV shows.

• It can greatly impact education and research.

ChatGPT can also make a big impact on education and research. For instance, it can help students understand complex texts or assist researchers in examining and evaluating a huge amount of data. 

It can also make new educational texts, such as textbooks and study aids.

The limitations of ChatGPT

Although it is amazing and has the potential to impact the world in so many ways, there are still certain limitations in its design. These limitations must be addressed to capitalize on its potential to the fullest.

• It is unable to understand the context occasionally.

One of the most significant limitations of ChatGPT is its inability to understand the context and common sense. While it can generate human-like text based on the input, it does not have a deep understanding of the world and can produce nonsensical or irrelevant text. 

This can lead to confusion and misinterpretation, especially when the text is used for a critical decision-making purpose.

• It cannot be very objective. 

Another limitation of ChatGPT is that it is prone to bias. ChatGPT is trained on large amounts of text data as a machine learning model, which can contain implicit biases that the model absorbs during the training process. 

This can result in biased output, especially when dealing with sensitive topics such as race, gender, and politics.

• It has high computational requirements.

The energy requirements of running ChatGPT are quite high, making it difficult to use in real-time applications where high speed is crucial. 

This major challenge needs to be addressed to make ChatGPT more accessible and usable in many applications.

• It is difficult to explain its outputs. 

The interpretability of ChatGPT is also limited. Its decisions are not easily answerable, which makes it difficult to understand how it arrived at a certain output. 

This is a critical issue that needs to be addressed to ensure the responsible use of AI in everyday applications.

Alternatives and competitors of ChatGPT. 

Many AI-powred tools are expected in the coming months. ChatGPT-4 will be released soon, and it is expected to be a hundredfold more powerful than the existing GPT-3. 

Then there is Google’s DeepMind has achieved a lot of success in AI and is about to launch its AI-powered chatbot, Sparrow. 

Many programmers are already using a virtual assistant called Copilot. It is well-trained in writing programming codes using Natural Language instructions. 

There are already some chatbots in the market capable of summarizing texts. 

ChatSonic is one of the latest and most powerful chatbots that is an alternative to ChatGPT. It is integrated with Google and provides the latest data on given topics. 

Conclusion

In conclusion, ChatGPT is taking the world by storm due to its advanced NLP capabilities, ability to generate high-quality content and accessibility to businesses and organizations of all sizes. 

As AI technology continues to advance, ChatGPT and other AI-powered language models will likely play an increasingly important role in our daily lives and the way we do business.

Have you tried it yet? How was your experience?