What’s the Big Deal About ChatGPT?

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A new tool that’s been making waves in recent times is ChatGPT, which is an application of artificial intelligence (AI) developed by OpenAI. The tool has become a hot topic of discussion in every internet search, trade conference, and meeting of recent times, and people around the world are wondering how it will impact their lives and businesses. AI is not a new concept, and we have been using it through tools like Apple’s Siri and Microsoft Word with its spellcheck and completion algorithms. However, what’s new is the real capabilities of today’s generative AI.

ChatGPT can do some pretty amazing things, but it’s important to remember that it is still in the infant stage of development. As of now, it has only been trained on 45 terabytes of data, which is equivalent to just 5% of what the world added to data just last year. In terms of comparison, the human brain’s memory capacity is estimated to be 2.5 petabytes, and it’s about five times faster than supercomputers running AI tools like ChatGPT.

Despite its limitations, there are many things you can do with generative AI tools like ChatGPT, Bing Chat, Bard, Character.ai, and others in your personal and business life. For instance, you can use ChatGPT to read every email you’ve ever sent, learn your speech patterns and preferences, and compose and respond to emails, prioritize your inbox, and schedule your emails. It can also generate content of all kinds, custom-tailored to your specific niche market. Additionally, it can help you with research, reading, learning, and summarizing things in your daily work.

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However, it’s important to note that these tools are just the beginning, and they are set to become truly disruptive in the next few years as generative AI becomes democratized. To speed up the progress of these tools, nearly $2 billion dollars has been invested during the last three years in new start-up ventures just to expand the capability of the current tools.

These new tools have the potential to speed up work processes, create efficiencies, and potentially eliminate the work done now by many people. But while that is scary, we must remember that these machines are only tools, and those who adapt to AI will have a brighter future. Those who don’t, may have no future at all.

Frequently Asked Questions (FAQs) Related to the Above News

What is ChatGPT?

ChatGPT is an application of artificial intelligence (AI) developed by OpenAI.

What makes ChatGPT unique?

ChatGPT is a generative AI tool that can read and understand human speech patterns and preferences to compose and respond to emails, prioritize your inbox, and schedule emails.

Is ChatGPT still in development?

Yes, ChatGPT is still in the infant stage of development and has only been trained on 5% of the data that the world added to data last year.

Can ChatGPT help with research and learning?

Yes, Chat GPT can help with research, reading, learning, and summarizing things in your daily work.

How much investment has been made in new start-up ventures to expand the capability of current AI tools?

Nearly $2 billion dollars has been invested during the last three years in new start-up ventures to expand the capability of current AI tools.

What is the potential impact of AI on people's jobs?

New AI tools have the potential to speed up work processes, create efficiencies, and potentially eliminate the work done now by many people. However, those who adapt to AI will have a brighter future. Those who don't, may have no future at all.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Aniket Patel
Aniket Patel
Aniket is a skilled writer at ChatGPT Global News, contributing to the ChatGPT News category. With a passion for exploring the diverse applications of ChatGPT, Aniket brings informative and engaging content to our readers. His articles cover a wide range of topics, showcasing the versatility and impact of ChatGPT in various domains.

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