Everything You Need To Know About ChatGPT

How often have you cleared your doubts or completed your tasks with your friends' knowledge?? Whether you are a GenZer, a millennial or a baby boomer,? you’ve been there, done that!? Only the ways may have been different. The former two generations would prefer seeking out help on chats or calls,? Using technology to get things done.?

But, have you ever had the idea of an artificial intelligence (AI) tool or a chatbot doing things for you? ? Here, I refer to something beyond chatbots… something that answers your queries within a few seconds. Search engines have been a part of our lives since the end of the 19th century. However, the thought of getting things done through a simple chat? has always been a subject of imagination until the last quarter of 2022.

What is ChatGPT?

With an aim to benefit humans, American Artificial Intelligence Laboratory, Open AI launched something called, the ChatGPT, on 30th November, 2022. I’m sure you’ve heard it way too many times over the past few weeks since the beginning of this year. ? ChatGPT is built on top of OpenAI's GPT-3 family of large language models and is fine-tuned with both supervised and reinforcement learning techniques. Too technical to understand? Let me simplify! CHATGPT stands for Chat "Generative Pre-training Transformer (GPT)."?

Chat GPT is basically tech architecture which uses Machine Learning to generate new data such as text, images or speech. Why ChatGPT you ask? Well, it is basically a conversation way in which your task gets done based on the chat or inputs from a user.??

ChatGPT could change the present face of? web search and applications in the market. Here are a few impacts of ChatGPT.?

ChatGPT’s impact on school education:

Teachers across the global education system are in a confused state? as they confront a revolution in artificial intelligence (AI) that could allow for cheating on a grand scale. There are a bunch of schools that? have banned ChatGPT to avoid students relying on AI and chatbots in the long run as it will bring down their thinking abilities.

AI war in the Offing?

According to tech experts, ChatGPT’s impact on the industries is? undeniable. Taking into consideration the enormous potential and impact of the technology, the industry is either rushing to adopt ChatGPT in applications or trying to come up with alternatives.?

For instance: Google,? which has nearly 90% of the search engine usage, is already working to build tools that compete with? ChatGPT. As per a report by New York times, looking towards the commercial threat of the application, Google has asked support from its founders to support the AI war.

While Microsoft is still carefully studying the dynamics and demand of ChatGPT, it is not only bringing out its investment guns but is also planning on integrating ChatGPT into its product.

Impact of ChatGPT on Employment

The boom of AI is predicted to have a greater impact on professionals in technology-driven professions. There will be fewer jobs requiring strong communication skills, and thus, fewer positions that pay well. Cleaners, drivers, and other manual workers will keep their jobs, but…for everyone else this is an alarm bell.?

On the flipside, ChatGPT is also expected to? create financial opportunities for skilled professionals. It will save time and automate lot of tasks that could increase producitivity. Experts predict that using solutions like ChatGPT will increase productivity drastically.?

According to? a study, Software and tech industry may see 26% of job cuts due to ChatGPT while also creating new opportunities which come with the advent of using ChatGPT.?

Advantages:?

• ChatGPT can assist in identifying employee potential.?
• Track performance of employees and identify areas for improvement.
• Provides feedback on key areas for improvement.
• Helps create training programs in sync with employee goals and performance metrics.

Disadvantages:?

• Lack of human emotion or perspective in tasks which require a non-tech approach.?
• Inability to understand the context of certain workplace situations.
• May not always generate accurate or appropriate responses.
• Biases could be reflected in the responses generated by the model.
• Automated tasks may lead to job loss.
• Access to sensitive information could result in misuse of the data.

Like all the other innovations, ChatGPT also will also require basic guidelines to be utilized well. As stated in an interview by the CTO of Open AI, Mira Murati, AI can be misused and "used by bad actors." She suggests that it's not too late for different stakeholders to get involved and define some regulations around it.

Now the moot question is – Will ChatGPT put our? jobs at stake or will the human touch and perspective overrule any technology or machine and find a way to survive this tech war that’s been brought to us by ChatGPT?