What does GPT stand for in Chat GPT? (2023 Updated)
GPT in Chat GPT stands for Chat Generative Pre-Trained Transformer. Chat GPT is constructed on top of the GPT-3.5 family of large language models from OpenAI, and it has been enhanced using supervised and reinforcement learning methods.
GPT models are trained on large text datasets and can generate new text that is similar in style and content to the training text. They are commonly used to generate responses to user inputs in chatbots and other natural language processing (NLP) applications.
The Transformer architecture, a kind of neural network that works well with sequential data like text, is the foundation for GPT models. The model can produce coherent and human-like text because it has learned the linguistic structures and patterns through pre-training on a sizable dataset.
OpenAI introduced Chat GPT as a chatbot in November 2022.
On November 30, 2022, it was released as a prototype and gained notoriety for its thorough responses and well-written responses in a variety of subject areas.
One significant flaw was noted to be its uneven factual accuracy. OpenAI was reportedly valued at $29 billion after ChatGPT’s release. According to Insider.
However, there have been positive and negative reviews about the chatbot.
It was dubbed “the best artificial intelligence chatbot ever released to the general public” by The New York Times.
Dan Gillmor, a technology writer, used ChatGPT on a student assignment and concluded that “academics have some very serious issues to confront” because the generated text was on par with what a good student would produce.
Kelsey Piper of the Vox website said “ChatGPT is the general public’s first hands-on introduction to how powerful modern AI has gotten, and as a result, many of us are (stunned)” and that “ChatGPT is smart enough to be useful despite its flaws”.
Also, talking about the negative reviews, Economist Paul Krugman predicted that ChatGPT would have an impact on the demand for knowledge workers in a December 2022 opinion piece.
Journalists have made remarks about ChatGPT’s propensity to “hallucinate.”
As well, The use of ChatGPT for generating answers to questions was prohibited by the question-and-answer website Stack Overflow in December 2022 due to the factually ambiguous nature of ChatGPT’s responses.
While there are many pre-built GPT-3 tools available in the market, it’s also worth considering the option to hire a GPT-3 developer to create custom solutions that are tailored to your specific business needs.
Have you used ChatGPT? Share your thought below.