The AI market worldwide is expected to reach USD 18 trillion by 2030. AI technology is one of the most prominent and fastest-growing technologies in the world. With the rapid advancements in the world of AI technology, the future of artificial intelligence is really bright.
One of the most practical real-world applications of AI is the use of chatbots. It is one of the most widely adapted AI technologies by businesses in the world. A statistic by Outgrow reveals that 58% of B2B companies are using chatbots, while 65.1% of businesses that have implemented chatbots are SaaS companies. From providing automated answers to questions to giving fast responses to customer queries, there are several reasons why businesses invest in AI chatbots.
ChatGPT – An AI bot that answers questions and writes essays
- ChatGPT is a text-based AI bot tool developed by OpenAI.
- This prototype dialogue-based AI chatbot can understand natural human language and generate detailed, human-like written text with remarkable accuracy.
- Ever since the launch of ChatGPT in November 2022, it has gone viral. More than 1 million users tried out this AI chatbot just a few days after it was launched.
- It is the latest series of the Generative Pre-Trained Transformer (GPT), a family of text-generating AI.
- ChatGPT is a recent development in the world of generative AI and has attracted billions of dollars in funding from tech investors.
Who is the creator of ChatGPT AI chatbot?
- The ChatGPT AI bot has been made by ‘OpenAI’, an independent research lab.
- OpenAI has not revealed what exact data was used to train ChatGPT. However, it has revealed that it generally made use of archived books, Wikipedia, and crawled various internet websites.
- OpenAI has built this AI bot using GPT-3, a language processing AI model.
- The AI bot ‘ChatGPT’ has been trained with an enormous amount of text data. It learned to recognize patterns that allow it to generate its own text by imitating various writing styles.
- OpenAI also mentions that the answers given by ChatGPT may sound convincing and authoritative, but may be wrong as well.
What can ChatGPT do?
- ChatGPT is trained by AI and machine learning to give information and answer questions through a conversational interface.
- ChatGPT can answer follow-up questions, challenge incorrect premises, reject inappropriate queries, and even admit its mistakes.
- It can produce highly sophisticated written paragraphs in English or whichever language you choose.
- It is also capable of creating blocks of computer code on command.
- It interacts in a conversational way with humans as it has been trained to do so.
- It has also been trained to follow prompting instructions and provide a detailed response.
- With ChatGPT, users can have a human-like conversation with an AI chatbot.
- It responds to users’ requests using a language that sounds similar to human speech.
- ChatGPT improves its capability through reinforcement learning, which is based on human feedback.
Content creation with ChatGPT
- ChatGPT can be used to write and create content based on just a prompt from the user.
- For example, it can write an essay, a song, or even a poem according to the command given by the user.
- This AI bot can help enhance the writing style of users by adding a touch of elegance to it and helping them achieve their literary work goals.
- Apart from content, ChatGPT can also create artistic images, write code, and even debug.
Limitations of ChatGPT
Wrong answers
Since there is a lack of sufficient training, the chances of getting correct answers from ChatGPT are relatively low.
Problems with training data and bias issues
The limitations in training data and bias issues can have a negative impact on the output given by the ChatGPT bot.
Sustainability
The future of artificial intelligence looks promising with the introduction of ChatGPT, an AI chatbot. However, the sustainability of this technology in the future raises big question marks.
Can ChatGPT replace humans?
Whenever we talk about the future of artificial intelligence or any advancement in technology, one of the first things that comes to mind is whether this technology will replace humans. This is true for ChatGPT as well.
With AI generated writing that resembles human-like written text, there is a possibility that ChatGPT could replace journalists. However, in its present stage, the AI bot lacks refinement, critical thinking, and most importantly, ethical skills that are vital in the field of journalism.
The knowledge base of ChatGPT ends in 2021, thus rendering many questions and queries useless.
There are also high chances that ChatGPT can provide completely wrong answers and present misinformation as a fact.
Hence, in the future, ChatGPT can definitely help humans achieve proficiency with AI-generated writing and complex tasks. But it is highly unlikely that it will or can replace human beings completely.
In spite of the limitation, ChatGPT holds promise for the future of artificial intelligence by showing its applicability in meaningful use cases. Therefore, several businesses will look forward to leveraging this AI bot for commercial purposes.