General
ChatGPT
ChatGPT (Chat Generative Pre-training Transformer) is an artificial intelligence driven chatbot launched by OpenAI, an artificial intelligence research startup organization. It is developed from a machine learning model called GPT-3. It can be used in applications such as virtual assistants, customer service, content creation etc.
A chatbot is an application used instead of a human for human-like online conversation with humans. It is based on new revolution in Natural Language Processing (NLP). The chatbot market is going to be worth billions of dollars in the next few years to come, with the growth rate being more than 20%.
Natural Language Processing is a branch of artificial intelligence that deals with interaction between computers and humans using natural language.
ChatGPT Impact on Industries
• It affects search engines as it provides direct responses quickly for specific problems
• It provides customized information in the education sector
• It helps businesses in giving automatic personal responses for customer queries. NLP with predictive analytics helps in understanding customer queries. It thus helps businesses to quickly respond to customers. It also helps in understanding customers.
• It helps in the creation of professional and quality content quickly
• It helps finance and banking industry in automatically creating financial calculations
• It helps travel industry by assisting in booking of transport, accommodation etc.
• It helps in health care industry by providing health information
• It helps in stock market analysis and predictions
• It helps in generating code for computer programs
• It helps in digital marketing
• It helps in translating between languages
Features of ChatGPT
• Human like conversation
• Detailed and dynamic responses
• Adapts to new situations
• Billions of words in the database
• Compares and ranks data
• Can understand many languages
Drawbacks of ChatGPT
• It may not always give accurate information as it is still in developing stage
• There are constraints and bias in training data of ChatGPT
• The running of ChatGPT is expensive and so its survivability is in question
• Data is limited
• It affects education system as it can increase plagiarism
Rivals of ChatGPT
• Google’s BARD powered by LAMDA (Language Model for Dialogue Application). It’s responses are from information got from web
• Meta’s OPT (Open Pretrained Transformer)
• BLOOM
• PALM
• Baidu’s Wenxin Yiyan in Chinese
• Baidu’s ERNIE Bot in English
OpenAI
• It is an American artificial intelligence laboratory
• It’s aim is to develop AI that helps humans
• It was founded in 2015 in San Francisco, California, USA by a group of people including Elon Musk
• Elon Musk quit the company later and is now a donor to the company
• Microsoft also funds OpenAI
• It’s deep learning model DALL-E can generate digital images from descriptions of natural language
• It’s GPT-3 language model answers questions in natural language
• OpenAI’s Chatgpt is being integrated into the “Bing”, the search engine of Microsoft