ChatGPT is an improved version of ChatGPT-3.5 series models, which were improved versions of GPT-3. GPT stands for Generative Pre-trained Transformer. ChatGPT has been introduced on Nov.30, 2022. The dialogue format makes it possible for ChatGPT to answer follow-up questions, admit its mistakes, challenge incorrect premises and reject inappropriate requests.

ChatGPT has taken internet by storm since its debut. It produces poems, screenplays and essays. In near future, ChatGPT or its improved version will find a lot of practical applications. ChatGPT reached 1 million people as soon as it was launched. By providing better responses to user’s queries, ChatGPT will be a threat to Google Search. Microsoft intends to invest heavily into ChatGPT.

ChatGPT may affect the demand for and employment of knowledge workers.

Is it capable of replacing humans? Its capabilities should not be overestimated. ChatGPT is being developed as a tool which can write like humans. However, it still lacks common sense in the comprehending how the world works both physically and socially.

ChatGPT is here to stay. It will fit into our lives as an assistant or as a tool that augments human capabilities.