OpenAI is an AI research and development enterprise ensuring artificial intelligence benefits humanity. ChatGPT, a pre-trained language model, is one of their great products that is benefiting many individuals and an advanced iOS and Android app development company daily. It was developed as a chatbot and now serves as an answering medium, data and research provider, conversation engagement, and other relative tasks.
There is a lot of discussion regarding ChatGPT and its abilities and applications. Are you also curious to know more about this chatbot from OpenAI, its uses, benefits, and features? You are reading the right article, as we will discuss ChatGPT by studying the research provided by renowned app developer NYC. But before we proceed with this article, we will discuss some interesting statistics and facts about it.
Key Facts and statistics to know about ChatGPT
- ChatGPT is one of the few software products that gained more than a million users in less than a week and is projected to grow more.
- As of 2023, ChatGPT is expected to produce more than $200 in revenue.
- By the end of 2024, ChatGPT is expected to generate over $1 billion.
- OpenAI is said to have received $1 billion from Microsoft as initial funding for ChatGPT.
ChatGPT – what is it?
As discussed in the introduction of this article, ChatGPT is an artificial intelligence chatbot that can produce text using natural language processing. It is powered by OpenAI and is considered a competitor to Google due to its ability to generate code, answer multifaceted questions, and perform other complex activities with human-like capabilities.
AI-based interactive software like ChatGPT is not new to us, but this AI Chatbot is considered a revolutionary innovation that can change the dynamics of this world. This innovative software is the latest variety of the GPT family of procreative Artificial Intelligence models. With the help of its dialog format, you can participate in the follow-up questions, test faulty sites, and reject unsuitable requests.
Due to its capability to provide detailed answers to complex and challenging questions, it is considered a great rival to Google. Some suggest this innovative tool can put writers and content creators out of their jobs. But AI lacks thinking, improvising, gradation, and creative skills that limit its application, at least for now. Software companies can still keep their software engineers and hire Android developers to match their workload. ChatGPT achieves this by working out a large quantity of text from the internet source.
Features of ChatGPT
Some of the critical features of one of the most efficient chatbots ever developed are as follows.
- Remembering previous prompts and responses.
- Let users correct replies in the future.
- Moderation API filters query to prevent offensive content and results from being generated. In this way, potential racist and sexist text can be eliminated.
Benefits of ChatGPT
Following are some key benefits of ChatGPT; let’s take a quick look.
Permits app development at a rapid pace
ChatGPT permits developers to develop chatbot applications in an easy way that takes less time. It achieves this efficiency with the help of a pre-trained NLP model and its intuitive interface. This advantage of using ChatGPT is helpful for companies developing and deploying chatbot applications rapidly to meet market needs and customer demands.
With the introduction of ChatGPT, this transition will be called hybrid human-machine mode, where humans and AI work together to achieve better results. Humans can monitor AI mistakes, and both parties can help each other become domain experts. It will also help humans focus on more critical aspects of their work and let AI take control of the small and easy tasks.
Capable of attaining knowledge and grow
Chatbots developed with ChatGPT can become more efficient and effective with time, enhancing the user experience. ChatGPT can take more input from the users and process it. This will enable ChatGPT to improve itself by adapting its responses to meet the users’ needs.
Capable of recognizing and replying to an extensive range of language input
ChatGPT is programmed smartly to understand multiple languages. It can realize even the languages that are considered to be multifaceted and strange. As it is trained on a large dataset of human language, it can recognize and answer a massive assortment of user input. Because of this benefit, ChatGPT can respond to many customer queries.
Use Cases of ChatGPT
ChatGPT has a vast potential to be used in different industries. Following are some critical use cases of this AI chatbot.
ChatGPT can work as a very effective chatbot. It can provide answers to user questions in a very definitive way. It can also explain complex concepts with multiple delivery tones and styles.
Emails can be composed in a very effective way with ChatGPT. Just provide the purpose of the email and the communication matter, and it will take care of the rest.
Substitute to Google Search
ChatGPT has the potential to replace Google search due to its efficient and clever response to almost every question. The only drawback is its absence from the source of reference.