All the Buzz Around ChatGPT Explained

Last updated on Mar 22,2025 1.1K Views
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All the Buzz Around ChatGPT Explained

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ChatGPT Tutorial | Chat GPT Explained | What is Chat GPT ? | EdurekaNo! ChatGPT did not write this for me!

The banking, finance, and insurance sectors have been abuzz with artificial intelligence (AI) and machine learning (ML) for a while now. It created too much noise in the market after Chris Stone’s LinkedIn post spread like wildfire about how OpenAI ChatGPT wrote his LinkedIn posts for a week.

What is ChatGPT?

ChatGPT is an advanced AI chatbot trained by OpenAI which interacts in a conversational way. The dialogue format makes it possible for ChatGPT to answer followup questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests. ChatGPT relies on the powerful GPT-3.5 technology. GPT stands for Generative Pre-Trained Transformer, a complex neural network based on the revolutionary Attention concept.

With the help of the huge amounts of information it is trained on, ChatGPT is able to deliver responses that are remarkably human-like. The capacity of ChatGPT to record context from users’ earlier statements in a thread and use it to inform responses later in the conversation is another feature that sets it apart.

ChatGPT Tutorial | Chat GPT Explained | What is Chat GPT ? | Edureka

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Large Language Models

ChatGPT is a large language model (LLM). Large Language Models (LLMs) are trained with massive amounts of data to accurately predict what word comes next in a sentence.

Similar to autocomplete, but on a mind-boggling size, LLMs predict the next word in a string of words in a sentence as well as the following sentences. They are able to produce paragraphs and full pages of text thanks to this skill. But LLMs have a drawback in that they frequently fail to comprehend precisely what a person wants. And with the aforementioned Reinforcement Learning with Human Feedback (RLHF) training, ChatGPT advances the state of the art in this area.

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Who Built ChatGPT?

The artificial intelligence company OpenAI, headquartered in San Francisco, developed ChatGPT. The for-profit OpenAI LP is a subsidiary of OpenAI Inc., a nonprofit organisation. The well-known DALLE deep learning model from OpenAI, which creates images from text prompts, is well-known.

The researchers and engineers at OpenAI are exploring ways to increase the transparency of this deep learning model and are attempting to be as open and honest as they can about the model’s capabilities, limitations, and potential for abuse. In order to remove bias in their training data, OpenAI data scientists are constantly reviewing user comments and have implemented the “humans in the loop” (HITL) method. Engineers at OpenAI are always keeping an eye on the model’s outputs and user prompts in ChatGPT to make sure it is being applied responsibly.

ChatGPT vs Other Tools

Here is a list of Chinese tech companies that have recently made announcements on AI technology:

Limitations of ChatGPT

As a language model, ChatGPT will invariably give incorrect responses. Sometimes this chatbot appears to be quite certain of its responses, even when they are incorrect, which could be dangerous.

ChatGPT’s training data is constrained, as is the case with many AI models. Both a lack of training data and bias in the data might have a negative impact on the model’s output.

The chatbot’s responses might be inaccurate in several factual areas. For instance, it may create fictional historical figures and publications that don’t exist or incorrectly answer some maths questions. The understanding of ChatGPT is still restricted to 2021 data, although it might advance over time.

Large Language Models are known as advanced AI. Based on user input commands/prompts LLM will generate human-like text. LLM is doing various activities including language translation, text generation, summarization, etc. To know more enroll in our Large Language Model Course today!

However, it is anticipated that ChatGPT will pave the way for considerably more sophisticated AI systems in the future. The potential of GPT-3 has already sparked interest in OpenAI’s upcoming LLM model, GPT-4.

Delve into the nuances of Generative AI vs Large Language Models (LLM) in our comprehensive comparison guide – discover which technology aligns best with your project needs.

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