Beyond the hype of ChatGPT

So we have kicked off 2023 with all the hype around ChatGPT. Everyone is wowed and Google and the other big tech giants might be getting a bit nervous. ChatGPT can write college essays, cover letters, small fictional stories, write code, answer some big questions.. So should we all be excited or worried about this incredibly fast development of AI? Some tech executives have compared the launch of ChatGPT to Apple’s debut of the Iphone in 2007. Elon Musk was also impressed by it and described it as ‘scary good’ The founder of SpaceX has previously warned of an AI apocalypse.?

I was recently at a business networking event and I chatted with this tech business owner who said that he expects the world to be a completely different place by 2030. However, he was optimistic about ChatGPT and the future of content writing. He compared ChatGPT to Canva and pointed out that despite Canva, people still hire graphic designers and they are in high demand. His point was that despite Canva graphic designers still have work. So despite ChatGPT content writers will have work, but they would have to do is learn how to use ChatGPT for their own benefit and ease.

So what is ChatGPT? ChatGPT is a chatbot which was launched in November 2022 by Open AI. Open AI was founded in 2015 by Altman, Musk and others. Musk has since made an exit but the Twitter owner is still a donor. ChatGPT is different from anything we have seen before as it has been designed to answer a question in a human-like manner and this is where the wow effect comes from. ChatGPT is still entirely free of charge to use. However, there is a talk that there will be a fee to use it in the future. Only within a week of its release, ChatGPT was used more than a million times. It has been predicted ChatGPT will become part of our everyday life just like Google.?

ChatGPT comes in a dialogue format allowing it to ‘answer followup questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.’ ChatGPT can actually do much more than write a college essay. It can solve mathematical equations, write music in almost any genre, write code, be a chat companion and the list goes on. ChatGPT has been trained on a huge amount of text data. Open AI hasn’t revealed the precise data which has been used for the training of ChatGPT.?

Companies have already rushed to use ChatGPT. For example, the Cai GoGwilt, CTO of Ironclad has said that his company is currently exploring ways to utilise ChatGPT for summarising legal documents. A managing partner at Rapyd.AI, a German consulting firm, has admitted using ChatGPT to generate lecture notes for his teaching side hustle.

But despite all the hype, it has been said that ChatGPT has some glitches and limitations. Since ChatGPT is brand new and its model hasn’t undergone enough training, it is possible that ChatGPT might give wrong answers. Computer scientist Andrew NG shared on Twitter that the AI chatbot could be “sometimes hilariously wrong.” Another limitation that has been found is that ChatGPT can sometimes generate discriminatory results. Many AI tools have faced the challenge of bias.?

So what do you think? Should we be excited or worried about ChatGPT?

Sources:

https://www.hindustantimes.com/technology/openais-chatgpt-launched-last-week-used-by-over-1-million-in-6-days-ceo-101670234260469.html

https://www.makeuseof.com/things-you-can-do-with-chatgpt/

https://www.cnbc.com/2022/12/13/chatgpt-is-a-new-ai-chatbot-that-can-answer-questions-and-write-essays.html

https://www.anaconda.com/blog/the-abilities-and-limitations-of-chatgpt