ChatGPT: An innovative advancement or a stagnate retreat

The 21st Century has experienced numerous technological shifts with a rapidly changing environment and economies. The technological surge has resulted in the innovation of Augmented Reality, Virtual Reality, Meta, Web3, Artificial Intelligence, and many more concepts like Machine Learning.

The evolution has transformed the world, businesses, people, communities, and the overall technical approach across the globe. Taking Artificial Intelligence to the next level, companies such as OpenAI have recently launched chatbots and tools like ChatGPT that utilise language models to answer queries based on a wide variety of topics and verticals.?

The Chat Generative Pre-Trained Transformer (ChatGPT) is a bot which is fine-tuned with AI technology that creates human-like conversational dialogue, making it the favoured choice for millions of people looking for assistance with a wide range of tasks. With its considerably fast speed, ChatGPT can scroll numerous websites in a short span of time, allowing users access to a large set of data without plagiarism.

Offering a great number of opportunities, ChatGPT is utilised by professionals as well as students for the following:

1.????Sourcing information: Searching through numerous websites for undertaking research is a cumbersome task, whereas ChatGPT can provide all the information in just one click in one place.

2.????Getting assistance in professional or scholastic tasks: Students and business professionals have identified the advantages offered by ChatGPT as well as the variety of data it can provide. Therefore, they have been using the bot for taking assistance in making plans, writing essays, preparing projects and so on.

3.????Language learning and Coding: Next-generation kids are now learning new languages and the ChatGPT has aided them in fast and efficient learning.

4.????Emotional support: being a friend in need, ChatGPT can talk to people as a person and offer solutions to real-life problems considering emotions and needs.

Additionally, to make the best use of the AI technology, ChatGPT users are recommended to ask clear and concise questions and provide clear context to the chatbot. The AI language model does not have opinions or biases and is purely based on information from various websites. Yet, at the same time, people should not be dependent on it. ?

Even so, the increasing usage of ChatGPT has raised apprehension among educationists because of the challenges and threats it has been posing. Philosophers and educators have been describing the bot as a way to avoid learning and some have also quoted it to be “high-tech plagiarism”. Despite having numerous benefits that are aiding today’s generation, ChatGPT also possesses limitations and challenges that cannot be ignored. Some of the most significant challenges posed by it are:

1.????Lack of accuracy: The responses generated by the algorithms of ChatGPT lack accuracy on data and sometimes seem to be outdated.

2.????Language limitations: Since the AI bot has been recently launched in the market, the tool lacks the ability to understand different languages and communicate in that same language. Also, it lacks accurate knowledge in terms of programming and coding.

3.????Privacy and security concerns: To begin with, ChatGPT has always utilised G-mail accounts that gave rise to privacy and security concerns amongst users.

4.????Ethical concerns: Users are worried since it is a new technology with autonomous sources and there are chances that it might misuse personal data.

5.????Lack of human element: The responses presented by the bot are all based on whatever is available on the internet. The programme does not allow the addition of human emotions in any way and therefore lacks the human element.

The AI-enabled virtual agent has been creating excitement among students as well as providing them will all the answers without having to make an extra effort. Economists and technical experts have been speculating that the chatbot will be replacing many human jobs and opportunities in the coming times. Professionals such as Content Writers, Copywriters, Graphic Designers, Coders, etc. are concerned about their jobs being at stake as Artificial Intelligence and Machine Learning takes over.

However, with the increasing awareness of the challenges and drawbacks of the programme, ChatGPT might not stay long in the game. As an AI language model, ChatGPT does not always pose challenges in the way humans do, but with the increased dependency on AI and technology, there is a need to overcome that dependency and make use of the technology in a limited manner. ?

ChatGPT has helped ease the process, allowing users to get information quickly without much effort and hassle, but at the same time, people also need to upskill themselves. With the rapidly evolving economic environment and ecosystems, companies and the government still need the human element, their knowledge and expertise to cope with the transformation in the existing ecosystems.

Artificial Intelligence is said to be the last invention humanity will ever see; however, humans have evolved over time, and they are the ones who created it. Even after the widespread adaptation of Artificial Intelligence and Machine Learning, humans will still be needed. The amalgamation of Artificial Intelligence and the human brain can lead to a brighter future with advanced developments and growth where both can coexist.

-???????Gagan Arora, Founder & President, Vertex Group