What Is ChatGPT And Why’s Everyone Talking About It?

It has already attracted millions of users ever since it came into the world. They are all talking about it. People are writing reviews about it. It tends to pop up in discussions not long after we use the two letter word called Artificial Intelligence.

It might just be that it is the most important content tool that there is in the sphere of Artificial Intelligence technology at the moment.

So let us delve into the basics and background of what ChatGPT is about!

Fundamentally speaking, ChatGPT is an AI-based conversation tool launched by OpenAI, which came into existence not earlier than November 2022. So it’s been a little over a quarter of a year since the artificial intelligence chatbot came amid us.

Ideated and created fundamentally with the idea of holding text-based conversations with real users (real time), ChatGPT can help an average user hold a plethora of tasks, such as but not restricted to:

Composing E-mails

Writing Essays

Developing code.

How does ChatGPT work?

The backbone of ChatGPT is a Chatbot that is meant to have conversations with actual people out there. For this purpose, the AI-guided tool mimics a human conversationalist.

But with that told, what does ChatGPT exactly do?

It can write as well as debug computer programs. And that’s just the beginning; it can actually mimic the style in which the CEO’s of companies interact. Moreover, one can resort to ChatGPT to even formulate business pitches.

Furthermore, one doesn’t only need to restrict to business work where it concerns the OpenAI product.

Believe it or not, but one can even write the lyrics of a song, compose poetry, even fairytales as well as compose student essays by putting ChatGPT into use.

What is the background of ChatGPT?

OpenAI, which is the parent company of ChatGPT is actually a San Francisco-based company, which is widely known to be the force behind Whisper AI as well. The company’s headquarters are at the Pioneer building in San Francisco, the city associated with the Golden bridge and the legend that is Clint Eastwood.

Interestingly, it wasn’t that long ago in 2023, February, to be precise, where OpenAI rolled out a paid service for using its dominant AI tool ChatGPT. It is called ChatGPT plus. This comes at a monthly cost of USD 20.

Current valuation of the company behind ChatGPT!

It is alleged and with much conviction that not long after ChatGPT was released and made available on the world wide web, the valuation of OpenAI touched a plummeting figure skywards.

So what was it after all?

It’s believed that following its release, the overall valuation of OpenAI reached an astronomical figure of USD 29 billion. This is a confirmed figure of 2023.

Data collection

But all of that said, a key question here is what what kind of data must the AI service or tool be collecting from its users?

Apparently, the AI service collects the data from its users primarily for training purposes and in a bid to fine tune the service further.

Though nothing could be as satisfactory from a company point of view than the massive number of following that the AI tool has collected up to this point. So where the recent numbers stand, then it is believed that the service had no fewer than 100 million users in the month of January.

All said and done, one of the many reasons behind its overwhelming success could be attributed to the fact that it’s free to use, which explains why each day there are plenty who are flocking to use it.

Have you ChatGPT-d your way already?