Things You Need To Know About ChatGPT

Based on the autoregressive language model GPT-3, ChatGPT is an AI tool with conversational and translation capabilities. It is developed by OpenAI and has created a lot of buzz in the past few weeks. 

What is ChatGPT? (in its own words!)

It is a conversational AI system that is based on the GPT-3 (Generative Pretrained Transformer 3) language model.

If you are just hearing about this tool or haven’t heard what it can do, let us inform you of what ChatGPT can do! 

Advantages and Features of ChatGPT

For People who have heard quite a bit about ChatGPT, you would probably like to know more about it and what its crowning feathers are. More importantly, you will want to know if it can help you and put your business in a better position. 

Capable of Producing Varying Text 

Content, specifically text content, can be used for various reasons. You may need it for a blog, or for social media, or in-depth guides, or perhaps you just need to summarise a blog. Thus, It allows for all these content types to be delivered based on the prompt input by the users. 

Language Translation 

Although English is the core language to access ChatGPT, it does work well with a few other languages. Surely in the future, the company is bound to add support for more languages. 

A move like this would only add more subscribers to the tool that has already amassed a million subscribers.  

Rapid Output 

Based on software, a computer, and the data input during training, ChatGPT can output quality content faster than a human being. This is highly appealing when content is an important part of your business strategy. 

To put its speed in perspective, it takes ChatGPT seconds to mere minutes to write a blog that would otherwise take a person an hour or more to write! 

Text Distinguishing Human Speech 

Upon reading any text emitted by the ChatGPT tool, you will notice how familiar it is. Not in the sense of plagiarism, but by the way, the text sounds like text written by a human. This is good news, as there would be no use of content that sounds like a bot wrote it. 

This makes the content from ChatGPT so much more useful for any business that is serious about its content marketing approach.   

Fairly In-Depth Content 

If fed on the right type of data, It can output impressively detailed content! But, failure to feed it that data and the responses are poorly elaborated and can even be unrelated. But, with the right training and data, ChatGPT can explain a topic in full detail, such as something as in-depth as black matter!  

How ChatGPT Helps a Business? 

• Limits / Shifts Resources Required 
• Reduced Costs 
• Improves Leads & Sales 
• Ensures a Steady Flow of Creativity 
• Offers Content Precisely Asked for 
• Translates Text 
• Business Scalability  

The positives of ChatGPT are numerous, and you may wonder if there is any drawback at all to using the tool. Unfortunately, there are a few, and they can potentially be a dealbreaker.  

Also Read: ChatGPT’s Ultimate Trends You Must Try

The Limitations of ChatGPT 

Even ChatGPT has a few shortcomings, and the company clearly outlines these limitations on its website through a list of points. 

1. Responses from ChatGPT may be hailed as sophisticated and correct. However, although they look correct when read aloud, they do not provide any reasonable meaning.
2. Plus, there are chances that the output text is not correct 100% of the time! You will have to double-check the content to assess its accuracy. Furthermore, it cannot source answers from the entire internet but only through the data given for training.       
3. Unlike other AI chatbot tools, ChatGPT only has access to the data it receives during training. Therefore, if the data used to train it is biased, there are opportunities for the chatbot to produce partial responses.
4. Suppose prompts are too complex or contain too many parameters. In that case, there are chances that the chatbot will ignore certain parameters or respond with an unrelated response. This is beyond disappointing based on the recent praise this tool has received. 
5. ChatGPT cannot garner responses about events after 2021, as its training data ends here! 
6. It is free when capacity is low, but these days that is very rare. You can get unrestricted access to the tool and new features by opting for the paid version, ChatGPT Plus, which costs $20/month.   

Drawbacks of ChatGPT

• Responses Restricted to Learning Data 
• Large Amounts of Data Needed for Training 
• Limited to Short Text Only 
• It’s now a Paid Tool 

Conclusion 

ChatGPT is a tool that can revolutionize the market and businesses that rely on good content to market their products/services. If used properly, it can even boost the careers of freelancers who find it difficult to manage multiple tasks and produce effective, high-quality content.  

To people who need extra help, It will change people’s schedules and ability to spend time and money elsewhere where needed.   

FAQs 

1) Is there a way to distinguish between human-written content and ChatGPT?

Yes, there are ways to tell the difference! OpenAI, the founder of ChatGPT, has a tool known as the OpenAI ‘Classifier’ tool. It can identify AI-generated text but not to a very accurate degree.  

2) Why has ChatGPT been banned in some areas and institutes? 

Although ChatGPT has become quite a useful tool, it does threaten to offer certain people an unfair advantage, particularly students. As a result, New York has banned and restricted all access to ChatGPT. 

3) Are there any alternative AI-powered Chatbots like ChatGPT?      

The idea of an AI-powered chatbot is not novel, and there are quite a few other alternatives if you want to downgrade a few features. Alternatives are Chatsonic, Jasper, and YouChat.