ChatGPT Complete Guide: From What to What Next?
AI
15Feb 2023
Table of Contents
In recent times, no matter where you go or what you search for, ChatGPT has been the buzzword. When half of the world out there is busy worshiping the ChatGPT for making their lives easier by offering the answers they always wanted to know, the other half of the world is cursing the smartness of this popular AI as it might not make the world but can surely break the one.
So, what do you think is ChatGPT: a boon or a curse? Just like you even we were curious as well. So, we did some research and made sure to cover every point, starting from what ChatGPT is to how it can affect the world. Stay along with us to know more about ChatGPT.
What Is ChatGPT?
According to Wikipedia, ChatGPT is a chatbot developed by OpenAI and launched in November 2022. It is built on top of OpenAI's GPT-3 family of large language models and has been fine-tuned using both supervised and reinforcement learning techniques. Do you think ChatGPT is just a chatbot? Well, we agree and even disagree with that sentence on some level.
To put it simply, ChatGPT reflects the smart person we have around us who has the answer for everything, whether it is about what future cryptocurrency holds or a piece of love advice. If you think you lack one; now you don't. ChatGPT simply replies to the question you ask in the most appropriate manner AI can ever do. Before moving on with anything else let's take a moment and talk about some of the facts of ChatGPT.
ChatGPT Fact Sheet:
- In the midst of all of these ifs and buts, ChatGPT became the fastest-growing app with almost 100 million monthly active users in January, just two months after its launch.
- According to the report generated by SimilarWeb, ChatGPT had over 13 million unique visitors in January 2023.
- It cost almost $3 million per month for OpenAI to run ChatGPT.
- OpenAI anticipated that ChatGPT will make $200 million this year (Read 2023) and $1 billion by the end of 2024.
Who Is Behind the OpenAI?
OpenAI was founded in the year 2015 in San Francisco by Sam Altman, Reid Hoffman, Jessica Livingston, Elon Musk, Ilya Sutskever, Peter Thiel, and others. But Elon Musk resigned from the board of directors in 2018. According to his tweet, one of the reasons he resigned were Tesla and SpaceX and he wanted to focus more on both of his companies.
As of Feb 2023, Open AI is a non-profit organization that employs Greg Brockman as Chairman and President, Ilya Sutskever as Chief Scientist, and Sam Altman as CEO along with others which includes Adam D’Angelo, Reid Hoffman, Will Hurd, Tasha McCauley, Helen Toner, and Shivon Zilis.
All the founders collectively pledged US$1 billion during the foundation in 2015. Along with them Reid Hoffman - co-founder of LinkedIn, Peter Thiel - co-founder of PayPal, and Jessica Livingston - a founding partner of Y Combinator are individual investors of OpenAI.
Is this all? Of course not... OpenAI and Microsoft announced the extension of their partnership on 23rd Jan 2023 with Microsoft investing $10 billion to support further research. Along with Microsoft, OpenAI is backed by two major corporate investors Khosla Ventures and Infosys.
All of them are making sure that OpenAI overcomes all its flaws and become more accurate than ever. Even with the flaws such as data being available till 2021, minimum accuracy rate, less reliability, and many more; chatGPT is already ruling in various industries.
Industries That Can be Affected By the Introduction of ChatGPT
1. Educational Sector
The first and foremost industry that can be affected thanks to ChatGPT is the education sector. Till today, the most prone way of cheating was finding answers online but ChatGPT has made it easier for students to cheat during exams. To try out the accuracy rate of ChatGPT, a professor at Minnesota University Law School, offered a test paper to ChatGPT which included 5 multiple-choice questions and 12 essay questions. To everyone's surprise, ChatGPT scored C+ which is quite a good ranking for an AI. Along with this, Chat GPT got passable grades for actuarial, MBA exams, and medical examinations as well.
As ChatGPT offers detailed and researched answers to the given queries; using the right, ChatGPT can be a boon for the educational sector. It can be a low-cost, or even free, electronic research assistant that can get the students out of trouble but, whether we are capable of keeping ChatGPT limited to that or not, is still a question for the future.
2. Medical Industry
Just as mentioned above, some medical professionals wanted to check the potential of ChatGPT for the Medical Industry and it passed the test of the United States Medical Licensing Exam (USMLE) without any prior training or assistance. Along with passing the exams, ChatGPT can be useful to summarize health reports, research papers, medical symptoms, and more. It can also help medical students to get prompt answers to the given queries.
Even with all these, ChatGPT is also working as a therapist for the audience as well. But one of the biggest concerns of using ChatGPT for the medical industry is the accuracy rate. If people can be smart enough not to trust everything that ChatGPT suggests to them as a medical treatment, ChatGPT can be a great assistance for medical professionals. It can help to streamline the medical processors and can suggest the best possible outcomes.
3. Legal Sector
Have you ever seen any AI pass judgments? Most of us haven't. Well, Colombia's judicial branch has witnessed it. A Colombian judge used chatGPT for one of the vital cases of children's medical rights. He ruled the judgment in the favor of the child and mentioned he had consulted ChatGPT on this matter. However, no one knows to what extent he relied on the bot but according to the critics it is not ethical and right to depend on such AI for judgments.
Even though he said that asking questions to the bot won't stop us from being judges; the question is really what the future holds for us. Along with this, people trust the legal advice offered by ChatGPT more precisely than legal professionals. While some areas of the legal sector can consider ChatGPT as an amazing tool, it can be a curse for some.
4. IT Industry
Most of the IT industry depends on programming and coding. Currently, there are more than 27.7 million software developers worldwide. The count is about to cross 28 million by the end of 2024 and is expected to grow more. The numbers are going to rise much more without a doubt but the growth rate might get affected because of ChatGPT. ChatGPT is offering coding logic, HTML files, CSS files, and even JS available in its own database. So, it might not affect the jobs of web developers and app developers as of now but further advancement can affect the lives and jobs of the developers.
At the end of the day; do not forget one thing: ChatGPT is an AI tool. It has its own set of setbacks. One of the major setbacks is, ChatGPT is not as accurate as people around the world think it is. The codes and replies generated by ChatGPT often lack the accuracy rate. The coding Q&A website StackOverflow has temporarily put a ban on the automated answers due to higher chances of them being wrong. Along with this, ChatGPT might give you the codes and logic you need to hire web developers with proficiency and skills to integrate that logic into your web solution. One of the biggest concerns is data security. As ChatGPT is an open-source platform you might own any right to the codes and it can cause more trouble than solving the one.
5. Research and Publication Sector
Until today, researchers and writers had something to be proud of. Even with the help of Google researchers were needed as nothing can beat human intelligence. Well, ChatGPT is proving it wrong. Along with minimizing the efforts one has to put into the research, ChatGPT is generating unique content for all the given topics which makes it hard for writers and publication houses to prove their worth. One of the popular American media websites CNET has been in news for producing and publishing content using ChatGPT. Along with this, most IT companies are allowing the usage of ChatGPT to write emails which can minimize the gap of human errors in official emails.
While people around the globe are writing 2000 words of essays to pass the exams, we asked a small favor from ChatGPT to write a small about us section for Hyperlink InfoSystem, and here is the outcome we got.
As a content writer, this accurate answer makes me worried about my job safety. Along with content writers, various other legal advisors, consultants, creative agencies, app, and web developers and many more are asking the same question to themselves and even each other; is ChatGPT a boon or a curse?
Is ChatGPT a Boon or a Curse?
To be honest, ChatGPT is both a boon and a curse. While it makes half of the world worried about their existence, it is helping half of the world to overcome the challenges they used to face till now. Just as they say, every coin has two sides. ChatGPT is a coin holding two sides with a bit of uncertainty about which side is going to fall. Whether the world is going to get a head or tail is still a question with our future holding the accurate answer.
What Is Next?
As we are looking forward to the future of ChatGPT with bright hopes, some of the announcements are already shaping our near future.
1. Introduction of ChatGPT Plus
When we are still learning a bit more about ChatGPT, Open AI announced the launch of ChatGPT Plus on 1st Feb 2023. ChatGPT plus will offer general access to ChatGPT to the plus users even during peak times along with faster response times and priority access to new features and improvements at the cost of $20/month.
2. Bard By Google
When people were talking about whether ChatGPT will replace Google; Google had something else in mind. On the 6th of Feb 2023, Google announced they are going to introduce their own AI tool named Bard which will be powered by LaMDA. According to the announcement, Bard will provide great assistance to web developers around the globe. As per the announcement, Google is going to answer the questions where a simple one-word reply will not be a perfect answer. Google is going to simplify the answers to the questions like what is easy to learn: Piano or a guitar as it depends on one's expertise and capability. What exactly Bard is going to offer is still a question for the future.
3. POE By Quora
The POE - Platform for Open Exploration is an AI chatbot launched by the well-known Q&A platform Quora. According to the company, along with offering answers to the users' questions the content of POE will ultimately help to evolve Quora itself. According to the announcement of the CEO of Quora, Adam D’Angelo on 3rd Feb 2023, iOS users will be able to use the application right away while they will roll out the support for other major platforms soon. The company is planning to release the API which will make it easy for any AI developer to plug their model into Poe.
Conclusion
We hope all of them make sure to shape the world differently for the better. All we have to see is, how well and when this is going to happen. As a business person if you are worried about your next development project. Make sure along with asking ChatGPT for a bit of advice, you hire app developers from Top app development companies like Hyperlink InfoSystem as they will make sure you or your freelancers won't mess up the solution using ChatGPT. Even though we are capable of dealing with broken codes; we would love to work on new ones.
P.S. Just like our writers, our app developers are not using ChatGPT to create logic and code.
Harnil Oza is the CEO & Founder of Hyperlink InfoSystem. With a passion for technology and an immaculate drive for entrepreneurship, Harnil has propelled Hyperlink InfoSystem to become a global pioneer in the world of innovative IT solutions. His exceptional leadership has inspired a multiverse of tech enthusiasts and also enabled thriving business expansion. His vision has helped the company achieve widespread respect for its remarkable track record of delivering beautifully constructed mobile apps, websites, and other products using every emerging technology. Outside his duties at Hyperlink InfoSystem, Harnil has earned a reputation for his conceptual leadership and initiatives in the tech industry. He is driven to impart expertise and insights to the forthcoming cohort of tech innovators. Harnil continues to champion growth, quality, and client satisfaction by fostering innovation and collaboration.
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