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HARNESS THE POWER OF CHATGPT TO SCALE UP YOUR BUSINESS

Business World India

|

3rd June 2023

ChatGPT was created by the company Open AI and released on 30 November,2022

- Anu Sehgal

HARNESS THE POWER OF CHATGPT TO SCALE UP YOUR BUSINESS

WHAT IS CHATGPT?

It is a generative chatbot that produces unique answers in response to any human input or questions.

The original release of ChatGPT was based on GPT-3.5, which is known for its capacity to produce text or response to any query which perfectly replicates a human written text. Now, the newest Open AI model was released on 14 March, 2023 which is a version based on GPT-4 and this is available for paid subscribers.

In order to learn the language from massive volumes of data, chatbot used advance learning techniques. Books, blogs, news articles and online comment boards were used by Open AI to train its chatbot.

It should be noted that ChatGPT was trained by a whopping 570 GB of data, containing 300 billion words. A study by Swiss Bank UBS revealed that ChatGPT is the fastest growing app of all times.

HOW CAN CHATGPT BE USED FOR SMALL BUSINESSES?

1 Language Translation Service:

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