What Is ChatGPT And Why Is Everyone Talking About It?

()

KEY TAKEAWAYS

  • ChatGPT is a chatbot based on AI technology that uses the power of natural language processing (NLP) and machine learning (ML) that generate chat-like reply for user in a human-like manner.
  • ChatGPT will be revolutionizing the chatbot industry and it will change our search habits. It is here to stay and more companies will be leveraging this technology.

Wondering what is ChatGPT?

Launched on 30 November, 2022, within one week of it’s launch, ChatGPT have already gain over 1 million users.

But what is exactly this AI chatbot and why we should be concerned that it might be a game-changer in the future of chatbots?

What Is ChatGPT?

ChatGPT is a chatbot created by open.ai that is based on AI technology which uses the power of natural language processing (NLP) and machine learning (ML) to generate answers in the form of chat-like reply for user in a human-like manner.

Developed by OpenAI, a leading research organization in the field of artificial intelligence (AI). ChatGPT comes from the same technology as GPT-3, the third generation of the Generative Pre-training Transformer (GPT) language model. But unlike GPT-3, ChatGPT is a standalong chatbot that is designed for use for the public.

What Is The Difference Between ChatGPT And GPT-3?

The main difference between ChatGPT and GPT-3 is that ChatGPT is specifically designed to converse with humans in real-time, while GPT-3 is a general-purpose language model that can perform a variety of tasks, including translation, summarization, and language generation.

Between ChatGPT and GPT-3 there are a few major difference making them suitable for different situations:

  1. ChatGPT is a chatbot that designed to chat with humans in real-time, while GPT-3 is is sued to perform other non-conversational tasj such as translation, summarization, and language generation.
  2. ChatGPT is a combination of natural language processing (NLP) and machine learning (ML) techniques where it generate human-like conversation when responding to user with the aim to engage, while GPT-3 only provides the relevant information in response to a question.
  3. ChatGPT is used for real-time conversation and follow-up from the previous context of the conversation, similar to how human communication, while GPT-3 is not for real-time conversation and will not process the previous context of the conversation when responding to the user.
  4. ChatGPT is designed as a product that can be used by individuals or organizations for customer service, answer frequently asked questions, or even to assist with online transactions, while GPT-3 is only used by AI technology researchers and developers to train other AI.
  5. ChatGPT is intended to be used as a standalone chatbot, while GPT-3 is as a component in other AI systems.
  6. ChatGPT is designed for high accessibility by wider audience of the public as a chatbot, while GPT-3 requires a higher level of technical expertise to understand and to use it effectively.

How Does ChatGPT Work?

ChatGPT combine the use of NLP and ML techniques to understand and respond to user’s input. When the user ask a question or place an input into ChatGPT, the system receives the input as a series of words and phases. Then it process the works through a process called tokenization, where it breaks down the input into individual units called tokens to be processed, making meaning understandable by the chatbot.

When all the input is tokenized, ChatGPT utilize a combination of different techniques to understand the meaning of each of the tokens. The technique involved are:

  • Word embedding which is a technique where it maps a series of words and phases into different numerical representation that can be understood by the chatbot.
  • Word representation is used to identify the relationship between the different words and phases, sort of categorizing them into different categories.

After ChatGPT have an understanding on the input, it proceed to use a technique called context modelling, where it process the context of what the input actually meant during the context of the “conversation”.

With context modelling, the chatbot will generate a human-like response that is relevant to the topic that is being discussed.

What Do I Think About ChatGPT?

ChatGPT is an AI chatbot powerhouse where it leverage the power of NLP and ML to transform into a human-like chatbot where you can engage and chat with it like you are chatting with a real-human.

This can be a real game-changer for businesses where they can provide human-like live chat services to individuals and entities.

With a combination of different techniques such as tokenization, word embedding, word representation, and context modeling, it differentiate ChatGPT from other chatbot into an almost human-like personal assistant where it can communication with the user.

This technology might become one of the essential pieces in making the metaverse into a reality.

How useful was this post?

Click on a star to rate it!

Want more helpful content like this?

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Founder & Financial Writer at Income Buddies | Website | Posts by Author

Antony C. is a dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).

What are your thoughts?