ChatGPT: Everything to know about the AI powered Chatbot

Tech trends: ChatGPT to revolutionize search engine operations?

ChatGPT, a new AI-powered chatbot, has become the latest fad in the dynamic technology industry, founded by a company named OpenAI which has Sam Altman and Elon Musk among others as its founders.

The chatbot has gained a lot of traction of late for its capability to understand human language and provide detailed answers to simple questions. 

The bot is capable of completing tasks such as creating a legal document, writing complex codes and blog pieces as a response to simple questions like - “Write me a blog about the best restaurants in India”.

There are multiple different AI powered chatbots out there, but ChatGPT surpasses most of them for its ability to remember what a user told it before, hence having a personalized touch to its responses. 

ChatGPT also has multitudes of human responses in its repository, mostly taken from how humans interact with each other on social media platforms, and uses it to provide more seamless, human-like responses. 

ChatGPT: Key Facts

• The AI-powered chatbot was made available to the public on November 30, 2022 via OpenAI’s website
• The company is backed by Microsoft which initially invested $1 billion. 
• According to reports, ChatGPT attracted more than one million users within a week. To put things into perspective, Facebook took 10 months to reach this milestone.
• ChatGPT uses GPT 3.5 language developed by OpenAI which uses large text data sets from a variety of sources.
• It’s the latest development in the world of generative AI, which has attracted billions of dollars in funding from tech investors.

ChatGPT: Microsoft to use chatbot to compete with rival Google

Technology giant Microsoft is planning to incorporate the artificial intelligence software behind ChatGPT into its search engine, Bing, to compete and battle for search engine market share from its rival Google. 

Microsoft plans to use the tools built by artificial intelligence research laboratory OpenAI, which created the ChatGPT service, to offer human-like answers to queries typed into its search engines rather than provide a list of websites as it does currently. 

Bing accounted for just 9% of the global search market in 2022, according to data from Statistica – well behind Google’s 83% dominance over the same period.

ChatGPT: History of OpenAI

The San Francisco based company is among the world’s leading artificial intelligence labs. The company was founded in December 2015 by Sam Altman, Tesla’s Elon Musk, PayPal founder Peter Thiel, Amazon Web Services and Infosys to name a few who together pledged $1 billion for its development. 

Here are the products it has so far developed:

• ChatGPT: The first of OpenAI’s products which is an AI powered chatbot.
• DALL-E-2: A system that lets you create digital images simply by describing what you want to see.
• GPT3: A natural language system that can code, write essays, simplify complex topics and the founding block behind the chatbot. 
• Whisper: An automatic speech recognition (ASR) system trained on 680,000 hours of multilingual and multitask supervised data collected from the web.

ChatGPT: Competitors

• Slush: Used to answer FAQs in real time
• Vainu: Used to enrich customer experience without the need for them to fill forms
• Babylon Health: AI for better healthcare experiences
• CNN Chatbot: Allows to provide personalized information to customers
• Structurely’s Asia Holmes: For engaging and qualifying online leads