/ 7th July, 2023

ChatGPT

What is ChatGPT?

ChatGPT is mostly known as an online ChatGPT chatbot developed by the OpenAI laboratory. It is a new generation of smart AI chatbots that generates answers to users’ questions in a dialogue by using natural human conversational language. Unlike other AI-driven chatbots, the OpenAI ChatGPT bot creates unique pieces of content instead of giving excerpts of existing information.

How does ChatGPT work?

As the name of ChatGPT implies, the ChatGPT app works on the basis of a Generative Pre-trained Transformer (GPT), a kind of large language model (LLM). It means that the ChatGPT AI gets filled with incalculable amounts of information from different sources, from books to news articles and social media, to build its “knowledge base”.

Then, with the help of natural language processing (NLP), the ChatGPT chatbot can comprehend the question of a user and conduct a dialogue that is close to a natural conversation.

ChatGPT Open AI uses two methods of training the chatbot: supervised learning and reinforcement learning from human feedback (RLHF). The latter was key to creating distinctive ChatGPT features, such as its ability to hold a natural-like dialogue.

ChatGPT OpenAI is trained by expert human trainers who perform conversations in the role of both a user and the chatbot.

Features and limitations of ChatGPT

Based on how ChatGPT works, primarily its conversational nature, there are several ways how to use ChatGPT in different aspects of life:

However, at this stage, there are also some significant ChatGPT limitations users should be aware of while using the chatbot:

What is the future of ChatGPT?

The OpenAI chatbot is considered to be close to the peak advancement of conversational AI, that’s why the future of ChatGPT is promising yet controversial. At the moment, the development of GPT-5 is taken off the agenda, whereas the soon release of the interim version GPT-4.5 seems more realistic.

One can assume that the further iterations will contain improved features of ChatGPT, mainly more precise, sophisticated, and relevant responses. This can be done by teaching the chatbot to understand the wider context of the input, providing multi-modal training, and designing specialized versions of this language model that can be used in more specific branches such as marketing, healthcare, law, education, etc.

In terms of the labor market, there have been concerns about possible significant shifts in the division of labor, with a large proportion of workers being potentially replaced by AI.

In the short-to-medium term, what does ChatGPT mean for the future?

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