Described as the latest revolutionary development in the world of generative AI, ChatGPT has quickly turned into a viral sensation since the text-based artificial intelligence tool was released in recent weeks. The new AI is the latest chatbot from independent research body, OpenAI foundation, founded by Elon Musk.
After launching in late November of 2022, ChatGPT has reached over one million users and has since taken the tech industry and the internet by storm.
What is ChatGPT?
As a variant of OpenAI’s popular GPT-3.5 language-generation software, ChatGPT has been designed to carry conversations with users, answer questions, and even write essays.
In as little as a nano-second, OpenAI takes your question, scans the internet for answers and compiles a response out of data fragments. Trained by AI and machine learning, the chatbot is designed to provide information and answer questions through a conversational interface.
One of the most significant benefits of ChatGPT is its ability to learn and adapt quickly to new information and topics.
The AI tool remembers what users said in an earlier conversation and is trained to decline inappropriate or harmful requests. There are, however, situations where ChatGPT may unintentionally produce incorrect or inappropriate information.
A ‘Game-Changer’ for Businesses
So far, the response to the artificial intelligence chatbot has been overwhelmingly positive after creating a major buzz on social media. ChatGPT is already being hailed as a game-changer for businesses that rely on natural language processing, showing the potential to revolutionise how we interact with technology.
For businesses, using ChatGPT creates an opportunity for a natural and human-like conversational experience for users while freeing time for human customer service agents to focus on more complex and high-value interactions.
The concept of ChatGPT serves as a reminder that innovation is ongoing. If ChatGPT’s popularity continues to soar, we may expect to see search engines updating their core search technology to incorporate chat functionality.
As you may have anticipated, many headlines hit the news arguing against using ChatGPT, with speculation that professions dependent upon content production could be rendered obsolete.
Questioning whether robots are set to replace skilled jobs, Paul Krugman of The New York Times', says: “ChatGPT is only the latest example of technology that seems to be able to carry out tasks that not long ago seemed to require the services not just of human beings but of humans with substantial formal education.”
It is possible OpenAI’s chatbot could cause job losses through automation. As the model can generate large amounts of text quickly and at a low cost, it could be used to automate some tasks currently performed by humans. Meanwhile, others have argued that OpenAI’s Chat GPT-3 lacks interpretability and creativity, with limits on the potential uses and capabilities of the model.
The Cyber Risks of ChatGPT
Artificial intelligence could be a catalyst for cyber crime when in the wrong hands. Researchers have already shared concerns that any user can generate malware and ransomware on-demand without technical expertise or coding knowledge. Cyber criminals can use AI to increase the volume of phishing threats, challenging security teams that are already overwhelmed.
While security teams can leverage ChatGPT for defensive security, the solution has also significantly complicated the threat landscape. Security researchers have already begun testing ChatGPT’s capacity to generate malicious code.
On the other hand, security analysts can use the tool to review open-source code for vulnerabilities before deployment.
Our Final Thoughts
ChatGPT has certainly stirred excitement in the community! With some of the chatbot’s limitations, it’s unclear if and when ChatGPT can be used commercially. While it’s still early days, it has the potential to be used in a wide range of applications and is already having a major impact on the field of artificial intelligence.
As ChatGPT continues to evolve, it will undoubtedly play an increasingly important role in shaping the future of human-computer interaction. We’re excited to see how ChatGPT develops and would recommend trying it out for yourself to see just what the tool is capable of.
Keep an eye out, as we’ll be reporting on any key updates in the future in our monthly round-up posts!