The potential of OpenAI ChatGPT is boundless.

OpenAI chatbot, ChatGPT, is a Generative AI model
Opened to public testing in November 2022, became hugely popular
Basic writing is better than most students
Potential concern of generating false news
Uses GPT 3.5 as its underlying language model
Trained on a massive data set containing books, articles and websites
Has limited accuracy and may be out of date
Backed by Microsoft, LinkedIn co-founder Reid Hoffman, Khosla Ventures and Elon Musk
Developed on Azure cloud computing infrastructure
450 startups estimated to be working on Generative AI
Microsoft, Meta and Google have all developed their own language models

What is OpenAI ChatGPT?

OpenAI GPT-3 (Generative Pre-trained Transformer 3) is a natural language processing (NLP) system with advancements in its generative capabilities, allowing it to generate text with almost human-like creativity.
ChatGPT is an application of GPT-3, allowing users to have conversations with Artificial Intelligence systems.

AI Technology can still be inaccurate and biased if its source datasets are biased or toxic.
As AI technology is often used for searching for information, the risks of misinformation is of top priority for companies like Google.
OpenAI’s CEO has warned users to not rely on current iteration of AI technology for anything important.

Relatively few of the stories in newspapers or on television news are done as investigative reporting, so generative AI is suited for these basic reporting tasks.
AI models are also being trained to write basic code and impact fields such as law, journalism and translation.
Schools are already implementing bans on ChatGPT in order to prevent students from misusing the tool.

AI cannot understand the world outside of language, so they cannot completely replace humans.
AI have been known to generate biased answers and users should take care to not rely on them too heavily.
AI tools such as ChatGPT have also had issues with instructions on dangerous activities such as bomb making.