Pros and Cons of ChatGPT: Chartgpt simplified

What Is ChatGPT

ChatGPT is an artificial intelligence (AI) chatbot. A chatbot (Chat Robot) is an intelligent response generator that gives feedback to questions based on programmed answers in a way that, as much as possible, imitates a human response.

GPT stands for Generative Pre-trained Transformer, a technology whose main purpose is to understand human language and provide relevant responses. 

Since its birth on November 30 2022 when its prototype was launched, Chatgpt has been revolutionary. Best known for its detailed response and articulated answers and its unmatched accuracy by any AI tool of late.

To best understand the uses of Chatgpt and how to safely use it, below are its pros and cons based on user experience and expert opinions.

Pros 

1. It is efficient. When large amounts of write-up are to be generated in little or no time, Chatgpt will execute it efficiently in record time. It can also be prompted to tackle complex queries due to its ability to understand complex sentence structures, grammar, and syntax for easier communication

2. It is always available. Chatgpt is accessible 24/7, no matter the time of your need it is always there to provide its best response. Look at it like an experienced assistant that doesn't go on breaks or vacations.

3. Response time and scalability. The timing between request and answer is crucial in customer care which can either make or mar any organization's customer retention ability. Its ability to also handle a large number of inquiries without slowing down makes it a vital tool for an organization's customer care and research department.

4. It is cheap. Cost-effectiveness is a core tradition in businesses. If the same or better results can be gotten at a lower expense the avenue is explored and Chatgpt to some extent is free for now, Businesses will look to use it for queries instead of hiring more than one customer care representative in order to achieve the same results.

Cons

1. For all the things Chatgpt is or can be used for, emotional connection isn't one of them. Sometimes when users need to be empathized with, or it is needed for emotional support, Chatgpt is not your friend in that aspect.

2. it is also limited in understanding. Yes, Chatgpt can grasp complex natural languages and syntax but in regards to context in conversations Chatgpt falls short. Human conversation is beyond the words we use, our emotional and psychological perspective is also evident in all of our conversations.

3. its responses are based on data it's been trained on, so don't expect anything on what happened today. Future Chatgpts may have this option but for now, nothing is available outside its trained data.

4. Security concerns, since its launch by OpenAI, Chatgpt has the ability to collect personal information from its users, like email addresses, location, phone numbers, and other private information and you can't really predict what it will use it for.

How Advanced Is Chatgpt

When GPT-4 was launched on March 14, 2023, it was so advanced that over 2500 tech leaders signed a petition to slow down the advancement of the AI industry and a purse to the launch of Chatgpt-5. 

People who signed it include Elon Musk, and Apple Co-founder Steve Wozniak among others. 

AI may eventually become uncontrollable and thousand of Jobs may be rendered useless, and that is the fear in the tech space.

The race for the perfect AI is still on and at Investingport, we will keep giving you the latest of AI news.