ChatGPT is a step forward from its sibling model InstructGPT or the GPT-3.5 model. The main distinction is the simplicity of interface. It has been thrown open to public who find it easier and intuitive to use. It has initiated a revolution that Google Search did some 25 years ago.

ChatGPT is a cognitive tool that can dynamically create new content, rather than relying on existing content by searching it. Thus it takes skill to stimulate it conversationally and evoke the most relevant insights out of it.

ChatGPT is limited by its training data and bias in the data. It is necessary to improve the data transparency.

The responses could be verboge, but could have inaccuracies. The predictions relate to future which it tries to align with the text at hand. In addition, it has limited ability to respond to emotions in a conversation.

ChatGPT has the potential to change the business the way it operates and interacts with its customers. ChatGPT is a new entrant, but its previous counterparts which were similar language models like BERT (Bidirectional Encoder Representations from Transformers) and ROBERT (Robustly Optimised BERT) have been in use for quite sometime.

Cognitive bots of the future will disrupt fields like content writing and customer service. They will impact decision making and insight gathering across every domain. They will be powerful digital assistants. We can use time saved by taking their assistance for more productive work.

ChatGPT-4 will soon be introduced in the market using as many as 1 trillion parameters, as against the current 175 billion parameters being used for GPT-3. That will make tool more accurate.