ChatGPT: What the Future Holds & All You Should Know

ChatGPT
Image Credit: Softonic

The beta version of ChatGPT, an AI chatbot based on the GPT-3.5 language model, was released recently by OpenAI, a company that studies AI. But even though Chat GPT is still in the testing phase, it has garnered attention because of its potential. Some people even believe that ChatGPT will take Google’s position. So, compared to other chatbots, what characteristics set ChatGPT apart from the competition? What does the future hold for Chat GPT? And the million-dollar question; How can you invest in Chat GPT?

Let’s find out…

What Exactly Is ChatGPT?

ChatGPT is an artificial intelligence chatbot prototype developed by OpenAI that specializes in dialogue. The chatbot consists of a large language model that has been fine-tuned using both supervised and reinforcement learning techniques. It is a refined version of a model from OpenAI’s GPT-3.5 language model family.

OpenAI’s newest product, ChatGPT, was founded by Elon Musk and Sam Altman. The program is built on OpenAI’s GPT-3.5 language mode, an improved version of the model released in 2020.

This service has been used to write poetry, create opening messages for dating apps, and more. You can also use ChatGPT to have fun and do useful things, like asking follow-up questions and giving the app complicated instructions.

Companies such as Microsoft have contributed $1 billion to OpenAI. It has repeatedly stated that it is focused on developing safe AI for humanity.

According to a recent investor presentation, they expect to generate $200 million in revenue in 2023 and $1 billion annually by 2024. Recently, OpenAI was valued at $20 billion. Currently, they make money by charging developers licensing fees for the technology.

However, one of the product’s major drawbacks, according to the website, is that it may occasionally provide incorrect information and biased content.

OpenAI CEO Sam Altman previously addressed these limitations in a tweet on December 10:

“ChatGPT is extremely limited but good enough at some things to give the impression of greatness.” It would be a mistake to rely on it for anything important right now. “It’s a preview of what’s to come; we still have a lot of work to do on robustness and truthfulness.”

How Is ChatGPT Trained?

It has been trained using machine-learning algorithms and is capable of understanding open-ended questions. It not only understands orders, but it also understands the language. The bot continues to improve as it learns from its interactions with users.

Who Controls ChatGPT?

Microsoft invested one billion dollars in OpenAI LP in 2019. OpenAI is headquartered in San Francisco’s Mission District at the Pioneer Building.
This artificial intelligence bot is capable of answering questions as well as writing essays, poems, and computer programs. But be cautious about how much you rely on it.

What are the Features of ChatGPT?

ChatGPT attempts to reduce harmful and deceptive responses in comparison to its predecessor, InstructGPT; for example, while InstructGPT accepts the prompt “Tell me about when Christopher Columbus came to the US in 2015” as truthful, ChatGPT uses information about Columbus’ voyages and information about the modern world—including perceptions of Columbus—to construct an answer that assumes what would happen if Columbus came to the US in 2015.

ChatGPT’s training data includes things like bulletin board systems and the Python programming language, as well as man pages and information about these things and programming languages.

ChatGPT, unlike most chatbots, is stateful, remembering previous prompts given to it in the same conversation, which some journalists believe will enable it to be used as a personalized therapist.

Queries are checked by a moderation API to make sure that ChatGPT doesn’t see or produce anything offensive. For example, racist or sexist prompts are ignored.

On the other hand, ChatGPT has several limitations, as earlier mentioned. ChatGPT’s reward model, based on human oversight, can be overoptimized and thus hinder performance, as described by Goodhart’s law.

Other prominent features include the following:

  • Question and answer
  • Solving mathematical equations
  • Text writing (basic academic articles, literary texts, movie scripts, etc.)
  • Debug and repair (For example, detect and correct errors in any code block)
  • Translation between languages
  • Text summarization and keyword detection
  • Classification
  • Making suggestions

How to Make Use of ChatGPT

Chat GPT, a chatbot powered by artificial intelligence, is available for free. Here’s a step-by-step guide to using ChatGPT:

  • Open the website (https://chat.openai.com) on your computer or phone.
  • If you have an OpenAI membership, log in to your account by clicking the “Log in” button. If you do not already have an account, create one by clicking the “Sign up” button.
  • ChatGPT is accessible from the chat screen that appears after logging in to your account.

Who Created ChatGPT?

OpenAI, an artificial intelligence research firm, created ChatGPT. Its mission is to create or assist others in creating a “safe and beneficial” artificial general intelligence system.

It’s made headlines before, first with GPT-3, which can generate texts that sounds like a human wrote it, and then with DALL-E, which produces what’s now known as “generative art” based on text prompts you to type in.

GPT-3 and the GPT 3.5 update, on which ChatGPT is based, are examples of large language models, a type of AI technology. They are trained to generate text based on what they have seen and can be trained automatically, typically with massive amounts of computer power over weeks. For example, the training process could find a random paragraph of text, delete a few words, ask the AI to fill in the blanks, compare the result to the original, and then reward the AI system for coming as close as possible to the original.

Over time, repetition can lead to a sophisticated ability to generate text.

Is ChatGPT Completely Free?

Yes, for the time being. “We will have to monetize it somehow at some point; the compute costs are eye-watering,” OpenAI CEO Sam Altman warned on Sunday. When you exceed a basic free level of usage, OpenAI will charge you for DALL-E art.

However, OpenAI appears to have found some customers, most likely for its GPT tools. It has informed potential investors. According to Reuters, OpenAI expects $200 million in revenue in 2023 and $1 billion in 2024.

Will ChatGPT Help Students Cheat More Effectively?

Yes, but, as with many other technological advances, it is not a simple black-and-white situation. Students could copy encyclopedia entries from decades ago, and more recently, they could search the internet and read Wikipedia entries. ChatGPT provides new capabilities ranging from assisting with research to completely doing your homework for you. Many ChatGPT answers already sound like student essays, but with a stuffier and more pedantic tone than a writer might like.

Can ChatGPT Develop Software?

Yes, but with qualifications. ChatGPT can both retrace human steps and generate actual programming code. You just have to ensure you’re not misinterpreting programming concepts or using outdated software. The StackOverflow ban on ChatGPT-generated software serves a purpose.

However, there is enough software available on the internet for ChatGPT to function properly.

ChatGPT can parse regular expressions (regex), a powerful but complex system for detecting specific patterns, such as dates in a string of text or the name of a server in a URL. “It’s like having a programming tutor available 24/7,” programmer James Blackwell said of ChatGPT’s ability to explain regex.

Here’s an example of its technical prowess: ChatGPT can simulate a Linux computer and respond to command-line input correctly.

What’s the Impact of ChatGPT?

Because the technology was only released a few weeks ago, estimating the total impact is difficult. However, there are clear and undeniable implications:

People’s online search habits will change. There are fears that this new technology will harm Google and cause people to change the way they search for content online.
Creating content will be easier than ever. We’re not far away from reading articles generated by AI software.
This new tool will be a game changer in a variety of industries. We will continue to track the effectiveness of the OpenAI tools.

What’s off Limits?

ChatGPT filters out “inappropriate” requests, which is in line with OpenAI’s mission to “ensure that artificial general intelligence benefits all of humanity.”

If you ask ChatGPT what is prohibited, it will tell you: any questions “discriminatory, offensive, or inappropriate. This includes racist, sexist, homophobic, transphobic, or other discriminatory or hateful questions.” Inviting it to engage in illegal activities is also prohibited.

Can You Invest in ChatGPT?

You can’t invest directly in ChatGPT because the company hasn’t gone public. If you want to invest in artificial intelligence, many publicly traded companies are utilizing the technology and heavily investing in this sector.

Other AI companies you can invest in if you want to put your money into this space are listed below.

How can you invest in artificial intelligence?

Here are some AI stocks to consider if you want to invest in this industry.

Lemonade

This is the first insurance company to use AI technology for everything from purchasing insurance to managing claims. Maya, the AI-powered bot, handles customer service and every other aspect of the business.

Amazon

It’s surprising how deeply embedded AI technology is throughout Amazon’s business. Amazon uses artificial intelligence to recommend personalized products to users.

Small robots with artificial intelligence are used in the company’s fulfillment centers to move packages around the warehouse along with real people. Amazon also has Amazon Fresh, and Amazon Go stores and the Just Walk Out payment service.

Aside from that, there is Alexa in millions of homes and the Amazon Web Services platform, which hosts many streaming services.

Tesla

Tesla dedicates an entire day to AI and actively recruits top AI talent. The company has been developing a humanoid robot, which is still in its early stages.

They are also developing a robot taxi service so that car owners can monetize their vehicles while they sleep.

Meta Platforms, Inc.

Meta employs AI in all aspects of its operations, including your news feed and the ad-display algorithm. It also houses the Meta AI lab, where researchers are developing innovations to decode speech from brain activity in people who have suffered brain injuries.

Even if it appears that Meta can read your mind, it would be revolutionary if they could one day read your brainwaves.

C3.ai

C3.ai provides enterprise AI, which are AI applications designed specifically for your business if you want to go completely digital.

They assist businesses in completing cloud-based digital transformations. Artificial intelligence tools help with everything from improving business operations to increasing employee safety.

Google Inc.

We don’t have to look far to see how important AI is to Google, but it’s worth noting that Google’s parent company is a research leader in this field. AI handles daily tasks such as filtering search suggestions and providing precise photo organization options.

In an intriguing plot twist, Google executives recently revealed that they would not be releasing a competitor tool due to “reputational risks” that they would face that a startup would not.

Because Google is used by over a billion people, the company does not want to publish incorrect information.

How Vast Is Artificial Intelligence?

The significance of artificial intelligence cannot be overemphasized because it is transforming how every industry operates. It is changing our daily lives, with the possibility of self-driving cars that combine Airbnb and Uber and advancements in the healthcare industry.

AI is also used by college admissions departments to handle applications, by e-commerce platforms to make personalized product suggestions, and by financial firms to find fraud and avoid budgeting mistakes.

AI enables computers to make decisions that would previously require human intervention.

And because AI can solve complex problems, automate tasks, perform data analysis, minimize errors, and improve customer service, you can interact with a business without speaking to a real human.

Will ChatGPT Replace Google?

It is not possible for ChatGPT or any other AI bot to crawl the internet in search of answers.

According to Sam Altman, the CEO of OpenAI, while ChatGPT does a wonderful job at being creative, it is not factually true every time you summon it, which is why doing so is not a smart idea. Therefore, artificial intelligence chatbots cannot take the role of search engines, at least not in the near future.

Reports have indicated that ChatGPT is not a search engine in the same sense as Google. The GPT (Generative Pre-training Transformer) language model is a kind of artificial intelligence that is educated to generate text that is similar to that produced by humans.

ChatGPT is a version of the GPT language model. It is not designed to carry out activities such as searching or responding to questions in the manner of a search engine. Instead, it is designed to generate text in response to a certain prompt or input, and it is applicable to a variety of purposes, including the translation of language, the summarization of text, and the generation of language.

It is difficult to predict the future, but Google has been diligently striving to improve its search engine by utilizing the same technology that is at the core of LaMDA, ChatGPT, and other AI chatbots.

Asking a question on the internet and receiving an answer is useful, and ChatGPT often delivers.

Google, on the other hand, provides you with suggested answers to questions as well as links to websites that it believes will be relevant. ChatGPT’s answers often outperform what Google offers, so it’s easy to believe GPT-3 is a competitor.

However, it would help if you thought twice before trusting ChatGPT. As with Google and other information sources such as Wikipedia, it is best practice to verify information from original sources before relying on it.

It takes some effort to verify the integrity of ChatGPT answers because it only provides raw text with no links or citations. However, it can be beneficial and, in some cases, thought-provoking. Although ChatGPT is not directly visible in Google search results, Google has built large language models of its own and uses AI extensively in search.

So ChatGPT is undoubtedly pointing the way to our technological future.

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