- February 16, 2023
- Posted by: Aanchal Iyer
- Category: Artificial Intelligence
“ChatGPT” is the latest buzzword these days. If you are one of those who is curious to find out more about ChatGPT, then this blog is for you. The ChatGPT technology (also known as “language machine”) uses statistics, supervised learning, and reinforcement learning to index words, phrases, and sentences. This technology can very effectively answer questions, write articles, summarize information, and so much more. It has no real intelligence, i.e. it does not know the meaning of a word, but knows how that specific word is used.
Engines such as Chat GPT receive are trained to imitate writing styles and learn from questions. In other words, these models can refine the answers as one asks more questions, and then store what it learns for others.
What is so Special about ChatGPT
With around 175 billion parameters, Chat GPT is one of the biggest and most powerful language-processing Artificial Intelligence (AI) models to date. That one quality that makes Chat GPT so impressive is its capability to develop human-like responses, all with the help of vast amounts of data it is trained on. Another differentiating factor of Chat GPT is its ability to log context from users’ previous messages in a thread and then use it to form responses later in the conversation.
Why is ChatGPT so Popular
The reason for Chat GPT being so popular is that no generative AI application has entirely managed to accomplish the kind of virality and influence that Chat GPT has. Technology has been the subject of innumerable memes and also the topic of the business community at the World Economic Forum last month. Chinese tech giant Baidu made its version – Ernie Bot. The chatbot got more than 1 million subscriptions within five days of its release in November. By January 2013, Chat GPT had over 100 million monthly active users only two months into its launch. This makes Chat GPT the fastest-growing consumer application in history, according to a UBS note published last week. Tik Tok took more than nine months to reach 100 million users, and Instagram took two and a half years.
Notable Uses of ChatGPT
A perfect result of the amalgamation of AI, Machine Learning (ML), and Data Science, Chat GPT finds its primary use in text generation. The application can create human-like text that makes sense and flows naturally. This has many applications, including creating news articles, creating social media posts, and also writing code.
Another excellent use case for GPT is language conversion. By training Chat GPT on a massive dataset in two separate languages, it can learn the connection between the languages. The result is fluent and accurate translations.
Chat GPT also helps in summarization, by creating a shorter version of any text while retaining the main ideas and points. Another notable use case are chatbots. The technology can learn how to converse with a user naturally and coherently. Chatbots that are powered by Chat GPT are helpful in customer service, and even for entertainment.
The potential of this Chat GPT is quite exciting. It ranges from automatic content creation to natural interactions with virtual assistants and chatbots. However, it is essential to note that Chat GPT can never substitute human creativity. It is just a tool that can assist and augment it. In the future, we will see more content by language generation technologies, but that will never replace the human touch.