ChatGPT: A versatile AI model

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by Jacob Solomon May 14, 2023 News
ChatGPT: A versatile AI model

The second part.

It made global headlines when it was released last year for its ability to perform tasks. A rapidly evolving text-based artificial intelligence that facilitates "human" interactions through its natural language responses is called "chatGPT". It has solidified its presence in a number of industries. Content creation, data analysis, and code generation are some of the functions that can help organizations improve their products and services.

Many are worried about its use in various sectors. We talked about the science behind Generative Pre-Trained Transformer in the first part of the article. In the second part, we talk about the practical ways that ChatGPT can be used in business.

Businesses can reduce labor costs with the help of artificial intelligence. Customer service, data analytics, sales and marketing, and finance are just some of the corporate functions that can be supported by the flexibility of the company.

The customer service team is here. A seamless user experience can be achieved by using the ability to personalize responses based on user prompt. The program can be used in a variety of platforms such as e-mail and text messaging. The banking, healthcare and information technology industries could potentially be helped by the round-the-clock support provided by the ChatGpt. Small- and medium-sized enterprises can use artificial intelligence to interact with their customers. The company can use the data to continuously improve since the artificial intelligence will continue to evolve.

A data analysis is done. It could be an asset for tasks such as market research, research and development, and financial forecasts. Businesses will be able to analyze data in a more efficient way. A practical example is the ability to break down code.

Marketing and sales are related. Sales and marketing are corporate functions that need a more personalized approach and can be addressed by using the natural language model. The company can also produce personalized e-mails and video ideas.

It can pose risks for organizations. It analyzes large data sets on the internet before generating a response based on the prompt of the user.

Humans are prone to error and subject to different biases, so a potential pitfall for the artificial intelligence is that it can facilitate more "human-like" interactions. Since the conveniences it affords can also facilitate the spread of misinformation, its weakness can be seen.

The data is accurate. Openai acknowledged that the software produced biased content. The program has little to no knowledge of developments since it was programmed in 2021, which is one of the program's limitations. It's worth mentioning that not all online information is accurate and that's a big constraint for chatgppt The people claim that the artificial intelligence can hallucinate because it has populated user queries with false information.

Data privacy and cyber security are related. It is vulnerable to cyberattacks because of its online nature. One's privacy can be jeopardized by the program because it can sift through a lot of data. Businesses will have to decide if the technology is worth the risks. When it comes to the security of both themselves and their clients, they need to be alert.

There's bias. In the first part of the article, we talked about the categories of answers that comprise subjective responses. Corporations may find it hard to incorporate bias into their work systems. According to the case, individuals who traveled to North Korea, Afghanistan, Iraq and Syria were the most dangerous. The learning model needs some form of dispute to avoid ethics and bias related issues.

It's ethics. There are differing opinions when it comes to technological advancement, ranging from the archaic decision of whether smartphones should be allowed in class to more current concerns, such as the ethics of using artificial intelligence. Some universities mandating the return of in-person exams to safeguard against cheating is one of the responses that has varied. Plagiarism is still a main concern. When it comes to the originality of work, the convenience of artificial intelligence may make things worse.

There are intellectual property and copyrighted works. It is important to understand the legal repercussions of certain types of work, in light of ongoing discussions about the possible replacement of or assistance with certain types of work. The US Copyright Office won't register work that was created by an artificial intelligence. In accordance with US law, the output produced by the artificial intelligence will either be a claimless work in the public domain or a work of the tools that were developed. This raises the question of who is the true owner, the creators or the user?

There are advantages and risks for personal users and organizations with the development of artificial intelligence. Human intervention is needed to leverage its benefits and mitigate its inherent drawbacks.

Businesses will no longer be able to ignore the program with the current technological climate. Other companies are racing to develop their own versions of artificial intelligence as Openai is not the only one making headlines. Artificial intelligence is here to stay.

Learning how to use technology in a way that is beneficial is important. Both challenges and opportunities for organizations have been presented by the company. It is important for companies to evaluate the role of artificial intelligence in their environments. The biggest question is whether the returns will be enough to mitigate the risks.

The article is only for general information and is not a substitute for professional advice. The author's views and opinions are not necessarily those of SGV.

Randall C. Antonio is a technology consultant.