ChatGPT is a large language model built on cutting-edge GPT 3.5 architecture capable of conversing with you in a way that feels human-like.

And that’s not all of it. ChatGPT hit 1 million users in just five days after release. According to UBS research, “ChatGPT is the fastest-growing consumer web application in history.” TikTok took nine months to reach 100 million users, and Instagram took about 2.5 years, but it took just two months for ChatGPT. 13 million unique users accessed ChatGPT in January alone.

So what makes it the fastest-growing web application? In this blog, we’ll discuss ChatGPT and its background, the pros and cons of ChatGPT, the significant factor in its growth, and a glimpse of the AI show that’s about to begin sooner or later. So let’s dive into the world of ChatGPT.

ChatGPT: The Game Changer

Chat Generative Pre-Trained Transformer, widely known as ChatGPT, is an advanced AI developed by Open AI. ChatGPT uses AI systems such as machine learning, deep learning, natural language processing, and big language models to produce human-like texts, chats, and much more.

Since ChatGPT is in its research and feedback collection phase, it’s open to the public at no cost. There’s also a paid version of ChatGPT, known as ChatGPT Plus, which comes with a $20 monthly subscription. With ChatGPT Plus, you’ll get faster responses, privileged access to ChatGPT during peak times, and prior access to the newest features.

Since its release on November 30, 2022, ChatGPT has revolutionized the entire AI world. As of now, ChatGPT has done it all.

Pros of ChatGPT

• With advanced artificial intelligence systems, Chat GPT is on another level in producing human-like conversations and content.
• ChatGPT can answer any type of question instantly.
• Developers can integrate ChatGPT with any third-party application to leverage its benefits.
• It is open for fine-tuning. As a user, you can upvote or downvote the response produced by ChatGPT while providing feedback.

Cons of ChatGPT

• One of the biggest criticisms ChatGPT has ever received is that it sometimes tends to produce plausible content or is nonsensical under the surface.
• Chat GPT has limited knowledge of what it’s trained on. That means it may not have answers to recent events and trends.
• As an AI language model, ChatGPT lacks emotional intelligence as it can’t produce correct responses for the emotional tone of voice.
• Many education institutes have banned ChatGPT, worrying about copyright issues because its responses are based on human generated texts.
• Though ChatGPT can communicate in multiple languages, its ability to understand prompts and produce responses for some languages is still in question.

Chat GPT: The Fastest Growing Consumer Application in the History of Web Applications

According to Statista, revenue from the worldwide artificial intelligence (AI) software market is expected to reach 126 billion dollars by 2025.

ChatGPT, a language model developed by Open AI, has become one of the fastest-growing consumer-facing web applications in just two months. It revolutionized the AI industry with its advanced natural language processing abilities.

The sole reason ChatGPT becomes the fastest consumer-facing web application is its unmatched ability to comprehend and respond to the prompt in human-based language that feels natural and intuitive. Unlike other chatbots, ChatGPT uses machine learning algorithms to generate accurate responses based on available human language data.

ChatGPT is accessible to a wide range of users and is user-friendly, so it doesn’t require technical or special knowledge to use it effectively. With easy access to people around the world, ChatGPT has been the fastest-growing and most consumer-facing web application in the world right now.

Factors Contributing to CHATGPT’s Rapid Growth

There are lots of factors that contributed to ChatGPT’s rapid growth, such as its accessibility, flexibility, adaptability, and large-scale data. Open AI resources & technology and advanced natural language processing are the two major factors that put on a show for the entire world.

Open AI’s Resources and Technology

We all know that ChatGPT was created and maintained by Open AI. Open AI is one of the largest and leading research institutes in artificial technology. Ensuring ChatGPT’s growth and development, Open AI’s resources, and R&D have helped it to stay ahead of other natural language processing and artificial intelligence.

Open AI has launched GPT-4, the largest language model that can handle massive text inputs and remember and respond to 20000 words. GPT 4 is said to be much more effective than its predecessor, ChatGPT 3.5. Sam Altman, a co-founder of Open AI, said that GPT 4 is a “multimodal” model, which means it can accept images as inputs and let users ask questions about the picture. The new model GPT-4 is available for users with a paid subscription to ChatGPT Plus.

Advanced Natural Language Processing

ChatGPT is developed on GPT 3.5 architecture, which is a neutral network-based language that’s trained on a large amount of data and understands and responds to human language with high accuracy. It’s an advanced version of the GPT 3 architecture. It can learn from the enormous amount of data, and this model has been trained with over 570 GB of text data, making it one of the biggest language models ever created.

Artificial Intelligence (AI) Showdown

The AI landscape has been expanding and evolving rapidly ever since its inception. AI virtual assistants such as Siri, Alexa, and Google Assistant are developed and maintained by Apple, Amazon, and Google, respectively. Add Bard AI to the list. In late 2022, ChatGPT happened, and how the tables turned.

Siri is a virtual assistant designed specifically for Apple devices and mobile devices. Siri also uses natural language processing to comprehend and respond to user questions, provide information, and perform tasks based on user input.

Alexa is also a virtual assistant developed and maintained by Amazon. Like ChatGPT and Siri, Alexa too uses natural language processing to understand and produce a response or perform tasks based on user input. But Alexa is more and more focused on home automation tasks and other Amazon products or services.

Google Assistant is integrated with Google’s search engine and other products, answering questions and providing information based on your input using natural language processing.

Siri, Alexa, and Google Assistant all share some similar features with ChatGPT, except they typically respond to your spoken questions while ChatGPT lets you have a text-to-speech, human-like conversation. The significant difference is that ChatGPT has been trained on a large language model, and with its machine learning and artificial intelligence technology, it can produce human-like conversations.

And that’s not the end of it; the real show is about to begin. Just days after the success of ChatGPT, Google announced a direct rival of ChatGPT, Bard AI. It’s developed by Google and powered by Language Model for Dialogue Applications (LaMDA). Bard AI is going to use a plethora of data available on the internet to provide valuable, original, and accurate information. With access to the depth and wide range of data, Bard AI may stay ahead of its competitors. This is going to be an epic battle between Bard AI and ChatGPT.

Final Thoughts

There’s no denying that ChatGPT is the fastest-growing consumer-facing web application in the world right now. ChatGPT can generate human-like paragraphs and answer any prompt with factual information. With its advanced artificial intelligence, machine learning technology, and natural language processing ability, ChatGPT has proven what it does best, making it the fastest consumer-facing application a few months after its release.

On the other hand, Google’s Bard AI seems promising and has a big advantage with the plethora of data available. You can reach out to Zaigo Infotech, a reliable web application development company, to build a robust web application that meets your user’s needs and expands your market reach.