ChatGPT, ChatGPT, ChatGPT everywhere!!! It has been the talk of the world in recent days. Will there be a large number of layoffs? what is its potential? Let us dig into it in Unlocking the Potential of ChatGPT and how it can be useful to us.
I had a recent conversation with ChatGPT and tried out having some answers in return. Btw, Introductions first.
List of Contents
ChatGPT is said to be a state-of-the-art language generation model developed by OpenAI. It is based on the Transformer architecture, which has revolutionized the field of natural language processing (NLP) in recent years. What’s new with it?
The most impressive feature of ChatGPT is its ability to generate human-like text. It is said to be trained on a massive dataset of over 40 GB of text. I see it understands and responds to whatever I asked for. It also responds to a wide range of topics and questions. One of the major features is, it can generate a large amount of text and paragraphs in a short amount of time, which helps us in writing articles, summaries etc…
It can revolutionize the way we see data today. Well to add one more point, this AI has cleared an MBA program. What?????. Let’s dive into the strengths and limitations of ChatGPT. Pro’s first.
Pros of ChatGPT
Talking about the speed, as I said it can generate a large amount of text in a shorter time. It’s like we are having a conversation with a known member through WhatsApp or Insta DM. Even people take time to respond😂 but this doesn’t. It’s quite fast. Providing us with the data which are relevant to what we asked for is kind of something that we see in search engines but instead of showing us the links, it shows us the answers that we ask for. There is a difference!!!.
ChatGPT is evolving as it is constantly updated and improved by OpenAI which means its capabilities are constantly monitored and improved. As it evolves, we will be able to see more High-quality outputs in the future. With proper usage and fine-tuning, ChatGPT can be a powerful and valuable tool for any organization or individual. Now the cons.
Cons of ChatGPT
Everything has its own flaws likewise it has some limitations and drawbacks. Not all the questions can be answered by the AI, it cannot be accurate all the time. Even if you ask for a small calculation “what is 2+3?” it gives us the answer 5 and when we reply it back like it’s 7, it accepts and replies like “sorry it is 7”.
It is still in the starting phase and this AI is still learning. ChatGPT has the ability to generate a lot of text quickly, but it doesn’t always generate text that is appropriate for a specific use case. This can make it difficult to control the output and ensure that it meets the requirements of a particular task or application.
Well, the above problem existed when I started testing it in the initial phase and these mathematical errors has been updated later through updates prompting it to stay with its original decision.
Will there be some layoffs as AI takes over?
Definitely yes, but not today. Why is it? because these technologies are still in their starting period and need to be updated constantly until a point where it acquires the ability to correct themselves. If you throw a piece of code to AI to correct, it will correct but not that accurate. Every product out there cannot be built completely with AI, it needs the right developer in place at least to correct the input and output.
The right AI cannot replace human workers instead it will assist them when it is developed in a controlled environment. It’s essential for companies to evaluate the impact of this technology on their workforce and to plan accordingly. They should explore ways to mitigate the negative effects, such as retraining programs, and explore new opportunities for the employees.
It’s also important to keep in mind that the use of these models can have a positive impact on businesses, by making them more efficient, cost-effective and productive, which can lead to growth and expansion.
Google’s Chat AI is also progressing in a fast pace. But that’s a content for another post. See you in a while!!!.
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