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ChatGPT

What is ChatGPT- Is your job in danger | Quick Guide 2023

by Ritu Singh February 6, 2023

written by Ritu Singh

Welcome to 2023, the most innovative year- Chatting with AI is the new normal! The year commenced with the launch of the versatile AI tool ChatGPT (Generative Pre-trained Transformer), which, to everyone’s awe, is accomplishing weeks and months of tasks in less than a minute.

Though this “chatting AI” is at an early stage, it cleared the Wharton BSchool test! It has just entered the market, and we woke up to one of the biggest deals of our time – the Microsoft and OpenAI deal.

No wonder this AI tool is blowing up the internet with a 100M user base within two months. Social media is screaming about how job automation is not a far-fetched dream but a living reality. This is just the beginning. Soon, we’re likely to witness a paradigm shift in careers.

Believe it or not, tools like ChatGPT are here to stay. Many speculate that it will bring technological breakthroughs in the 21st century by automating the majority of the hard skills. As a result, we’ll experience a dramatic shift in the careers available, and the job market will be very different than today. It’ll also open the door for humans to explore the deeper side of being in terms of creativity and exploration.

Possibilities are countless. In today’s discussion, we will explore the length and breadth of ChatGPT. We will also find out if AI proliferation may result in the automation of jobs and explore the potential job threats. We’ll also explore the best services to leverage tools like ChatGPT to grow your business.

What is ChatGPT?

ChatGPT by OpenAI is an Artificial Model that provides an interface for people to chat with the AI. It produces real-time results in a few seconds.

It’s a powerful disruptive tool that can write songs, scripts, emails, raps, and even code!

Recently, OpenAI launched GPT3. In no time, it garnered a user base of more than a million people.

How to use ChatGPT?

OpenAI has curated a foolproof interface to use ChatGPT. Here is you can generate the content you desire in no time:

Visit the OpenAI official website: Click Here.
Click on ‘Login’ if you are an existing user. Or sign up yourself by clicking on ‘sign up’. 3. You are ready to chat now. 4. Add prompts and explain your requirements.

5. For example. Consider Case 1: We asked ChatGPT, ”What is ChatGPT?” This was the response.

Case 2: Write about “What is ChatGPT? Are jobs at risk? with keyword ChatGPT. Word limit 500.”

The results are entirely based on the prompts. If you don’t get the desired results, you can continue to adjust the prompts until you the outcomes are what you’re looking for.

ChatGPT- A Potent Tool With “Humanly” Skills

We are sure that you must have tried your hands at this revolutionary tool ChatGPT, at least once. Now, let’s explore some of the unique features of the tool:-

Content Creation- ChatGPT is capable of producing video scripts or even raps! Yes, you heard that right! This tool can help you generate content ideas in no time. All you need to do is, enter the desired prompt and get the result in a few seconds.
Efficiency in Copywriting- ChatGPT is transforming the writing arena too. It is a perfect medium to break writer’s block. Many writing tools are coming up in the market today. They provide a considerable summary of ideations for solopreneurs and individual writers who need a creative discussion for ideas.
Emotional Understanding with Embedded Deep Learning- ChatGPT is a state-of-the-art language model developed by OpenAI. It uses Deep Learning to produce human-like responses. This also allows it to understand the variety of texts.
Data-Based Personalized Solutions- ChatGPT is thriving on data. By incorporating NLP and deep learning models. It produces a personalized response that is personal, contextual and aligns with the required tone (or almost close to the command).
Pre-Trained Model- ChatGPT model operates on massive data and the latest information insights, making it pertinent and accurate. Therefore, it produces a fluent and unique text skipping the need to even fine-tune it.
NLP Model- This disruptive AI tool generates a realistic response to the queries by leveraging Natural Language Processing models that help it understand the context of the question.

“Will ChatGPT take over your job?” We asked ChatGPT!

Lastly, let’s talk about the burning question of the time- ”Will ChatGPT replace jobs in the future?”

Business leaders are actively expressing their views on this paradigm shift.

So we decided to ask ChatGPT itself, “Are jobs in danger?”

Here was the response, “As with any technological advancement, there is a potential for some jobs to be impacted. However, it is essential to note that ChatGPT and other AI technologies can create new opportunities and improve efficiency in various industries. It is also crucial to consider the ethical implications and ensure that the implementation of such technology is done responsibly and equitably.”

Quite articulate and diplomatic!

Are professionals adopting tools like ChatGPT to grow?

According to the latest news, 30% of USA professionals already use ChatGPT /AI tools for work-related projects.

As per the latest survey conducted at the start of this year, “Nearly 4,500 professionals from companies like Amazon, Bank of America, Edelman, Google, IBM, JP Morgan, McKinsey, Meta, Nike, Twitter, and thousands of others.”

This exhaustive report by Fishbowl delved into the generational acceptance of the new-age technology of AI tools. They shared:

An early adoption by GenZ

Though AI tools like ChatGPT are still in their early stage, around 29% of GenZ is actively utilizing them to grow their business and seek help in studies. They are more likely to keep up with the changing trends, followed by Gen X with 28%. Nearly 27% of millennials use AI to enhance their business.

Gender-wise Report
Both men and women are embracing the idea of AI. Nearly 20% and 30% of women and men, respectively, have employed tools like ChatGPT.

3. Industrial Acceptance

Industries are welcoming OpenAI enthusiastically. Marketing and advertising reported the highest acceptance rate of 37%, followed by tech with 35%, and the rest, by Consulting with 30%.

Industries like Health, teaching, and accounting (15%,19%, and 16%, respectively) are embracing AI enthusiastically.

Undoubtedly, every industry is moving towards a new tool for the efficient execution and organization of their tasks.

Will ChatGPT take your job?

Now, witnessing the rise of AI tools at an exponential rate, you may wonder if it will put your job at risk as they are more efficient and accurate. Thus, will ChatGPT take jobs?

It’s too soon to conclude anything. Also, it is incredibly crucial to understand that there is a virtual paradigm shift. Unlike earlier times, the job landscape today is rapidly changing. Therefore, it is imperative to upskill with the trends.

Tools like ChatGPT will possibly reduce the need for bulk resources. This means where there was a need for 5-6 people to accomplish a task, now it is possible in 2-3.

For small businesses (at an early stage), ChatGPT is a blessing in disguise. It helps them save costs and hire resources only when they are truly needed.

On the other hand, for large enterprises, tools like ChatGPT promotes the efficiency of their teams by helping them with ideation, content creation, and more.

Should you fear your job? The answer is both yes and no. It’s because it depends on your perception of the situation. The current times demand more creativity and knowledge of the new age technology. If you can accomplish your job using AI, then you’re likely to be at an advantage through this change. Otherwise, you may struggle with this dynamic paradigm shift.

See, it’s essential to view AI as a collaborator, not as a technology that is working against you.

ChatGPT- A Holistic Collaboration

ChatGPT is a free dedicated assistant who is a little too good at their job. Understand how to use it, and you will be able to do more work with high quality.

Recently Columbia Business School professor Oded Netzer, an expert in text-mining techniques, expressed, “It is important to note that ChatGPT is a tool, and it will not take any jobs it will assist in improving the existing jobs and automate certain tasks.”

It’s a very calculated and practical outlook. Saying that AI will wipe out jobs is an incomplete conclusion.

AI will promote more human-machine collaboration.
It will allow for saving time by automating tasks.
It will promote modern ways of work style that save time.
Efficient solutions for content creation.

Even if we imagine the most extreme AI taking over. Still, there would be a human mind monitoring the processes. The important thing is to focus on two primary factors for your growth- Enhancing your skills and adaptability. Times are changing, will you?

Rapid Innovation is a fast-growing Web3 company. We offer diverse solutions related to Blockchain, AIML, and more to help your business stay ahead in uncertain times. We also provide a free personalized consultation to enhance your business capabilities. Get in touch today!

Stay tuned to https://www.rapidinnovation.io/ for more technical dives!

February 6, 2023 0 comment

Web3 in 2023: A Reality or A Fad? Expert View | Webinar Episode 1

AI/ML Artificial Intelligence Blockchain Blockchain and AI Integration Blockchain Technology ChatGPT GPT3.0 Web 3.0

Web3 in 2023: A Reality or A Fad? Expert View | Webinar Insights

by Ritu Singh February 3, 2023

written by Ritu Singh

Welcome to the Rapid Innovation Webinar Episode 1 Reflection. We are all about innovation, the latest trends, and technology insights directly or indirectly impacting humanity.

When you hear about blockchain, crypto, etc. What is your first thought? What is Web3? Is decentralization a phase, or will it stay? Do you wonder if this is a fad and will die one day?

What if we told you, “It’s no more the kind of stuff you read in books, we are going to live in a world like this. It is not an idea anymore. It is not a “maybe” anymore. We are going to live in this world.” The current may not be Sci-Fi imagination but the very reality itself.

In our first episode, we have on board with us our CEO Jesse, who shares decades of experience in Web 3 technology. He gave us his view on how Web3 will create waves in the coming times, in terms of decentralization, increasing the number of AI/ML applications, the impact of ChatGPT, and whatnot. He also touched upon how and why you need to become part of this paradigm shift, otherwise, you may miss out on a great chunk of job opportunities and growth in the future. Jesse also briefly expressed how in his childhood, he could not fit in with the traditional education system, and how this technology changes things for future children. Let’s explore this conversation in more depth.

How is Web3 Shaping the 21st Century?

Web1 was the ability to read information on the global network. Web2 evolved the technology to the next level by incorporating the ability to read and write.

Jesse suggests not to conclude anything about Web3 right away as it is still building. He, therefore, simplified Web3 for us as the combination of the following technologies: Blockchain Technology, AR/VR, IOT, AI/ML and Distributed Ledger Technology . However, right now it cannot be defined definitively.

Moving further, our tech expert and host Luke, asked one of the most common questions which is leaving many anxious, “How would AI impact the jobs?” Some people are fearing that automation may replace them. To this, Jesse expressed, ”These kinds of technologies like, they augment our lives for the better. Generally speaking, they reduce the part of humanity that is unpleasant right?” (What do you think. Let us know in the comments!)

Jesse offers an optimistic perspective that the world is now moving towards doing more valuable things which are dear to their consciousness while the machine take over the monotonous job.

Also, there will be rapid shifts in the way we function now. And by 2030, it is expected that there will be a significant development in Web3. AI/ML, AR/VR, etc., will sneak into our daily lives. It’s not a matter of tomorrow, but the paradigm shift has already started today. The new-age “ChatGPTs” are at an infancy stage, and with advanced developments for tomorrow, they will become finer and finer. Today, AI/ML is also transforming the healthcare system across the globe. So surely, the shift is not far anymore.

While many are dreading and resisting, many are embracing the idea of Web3-related technologies. It’s not that it is evil, it’s about how one can prepare themselves and adapt to the change.

We understand there may be doubts and concerns about how to cope with this shift. People are fearing the loss of jobs too. To learn more, watch the full video: Click Here

Web3 is the future! At Rapid Innovation, we offer a holistic approach to your problems with real-time solutions. As the first step, we provide you with a free consultation call to examine the pulse of your issues. Then, we devise strategic solutions customized for you.

If you are interested, think no more, book a call today.

Stay tuned to https://www.rapidinnovation.io/ for more technical dives!

February 3, 2023 0 comment

AI/ML Artificial Intelligence ChatGPT GPT3.0 Machine Learning NLP

What is ChatGPT? The Ultimate Guide

by Ritu Singh January 27, 2023

written by Ritu Singh

ChatGPT is a language model developed by OpenAI that uses machine learning to generate human-like text. In simple words, it is a chatbot that responds to your instruction like a human being. ChatGPT has a unique ability to understand and respond to natural language input, making it a potent tool to revolutionize how people interact with computers. It shares a phenomenal capability to automate a wide range of language-based tasks.

Whether you’re a researcher, writer, developer, or business leader, ChatGPT can help you open up new possibilities and improve efficiency in your work. No wonder the internet is blowing up with this like never imagined.

It provides human-like texts which are indistinguishable from text written by people. It can code with decent results.

Some leaders are claiming that this “Chatting AI” is a massive potent tool that will change the job dynamics in today’s world. Job automation is going to be the future. It also means that you’ll find yourselves working in tandem with AI tools like this.

What is GPT3.0?

While the talk of the town is ChatGPT, ever wondered where it’s coming from? GPT3.0 is 3rd version of the Generative Pre-trained Transformer which is a Machine Learning model that generates texts using massive data on the internet. ChatGPT is built on the OpenAI GPT3.5 family, an advanced version of version 3.0.

OpenAI

How does ChatGPT work?

ChatGPT has been developed with a combination of Supervised Learning and Reinforcement Learning. The latter is the unique aspect that sets it apart. The creators have employed a sophisticated technique called Reinforcement Learning from Human Feedback (RLHF). It utilizes human input during the training process to minimize negative, untrue, or biased responses.

As you know, it is an ever-evolving technology. A reward model is incorporated into the reinforcement learning process that assists in the comparison of two or more data points. This helps in ranking the data set which is more relevant to maintain the quality at par. Open AI collects data from this source and enhances the language model of the ChatGPT by using the Proximal Policy Optimization method. These are a set of reinforcement learning algorithms to expand with the emergence of more and more datasets.

Why is there so much hype around ChatGPT?

ChatGPT is a great tool to produce bulk texts in one go, which is impossible otherwise. That is the reason why there is so much hype about it. It is like you are chatting with AI. It gives a detailed solution to your query (depending on how well you command it) and is not a monotonous, machine-like text. It is akin to a human response. You can expect a video script of dreams magically drafted for you in less than two minutes. At first glance, it is not possible to differentiate if it is an AI response at all. ChatGPT incorporates sophisticated NLP and Deep Learning algorithms, along with utilizing massive data to produce creative responses.

It is built on GPT-3, Generative Pre-trained Transformer 3, a language processing model.

Are There Any Limitations In The “All-Rounder” ChatGPT?

This is an ever-evolving AI tool. So, currently, it has some limitations which may not be regarded as a permanent challenge because the versions are constantly transforming. The more data, the better it would become with time. So here are a few possible challenges that are currently arising in ChatGPT:

I. Data Dependence

This AI text-generating tool depends on data, massive data! This dependency questions the validity of the information because there is a possibility that it can be false sometimes. Besides, no matter how much data is there on the internet, there is always room for more. Sometimes, the tool may miss out on the relevant data points of research papers and trending news, which are open to limited sets of people.

ii. Accuracy

As shared above, ChatGPT heavily relies on data. This implies that the information can be limited or inaccurate. So at this stage, sometimes, you may generate a wrong result too. Therefore one cannot blindly depend on it.

Also, the response from this AI tool highly depends on your command. The more detailed, the better. However, there may be a chance of inaccuracy.

iii. Limitation of Comprehending Context

Humans are multidimensional beings. Sometimes “written” mean thousands of meanings. Sometimes, words are not just words but a sentimental conquest.

Before we get too emotional about it, let’s get straight to the point. There is a chance that your request has one tone, but it is comprehended differently by the ChatGPT.

Though, NLP employs sentiment analysis too. So it is capable of bringing close results. However, that’s not always true.

So, sometimes, it may result in a lack of understanding of Natural Language contextually.

iv. Privacy Issues

This AI tool comprehends the requests based on data which might lead to the leakage of sensitive data. There are concerns about the potential misuse of large language models like ChatGPT for malicious purposes, such as impersonation or spreading false information.

However, strict measures are being taken to maintain the privacy of the information.

Lastly, GPT-3 also tends to generate repetitive and generic responses. The model is trained on vast amounts of text data, which produces generic responses that are not specific to a particular task or conversation.

It is crucial to note that, ChatGPT is still evolving. It is expected that it will develop into a better version with more advanced language processing, text generation, and data security features.

Will ChatGPT replace jobs?

This tool has produced some startling results. It has a novel ability to code, write and produce creative results. At the same time, there is some scope for improvement. As it is shared, there are still some challenges, as listed above. So at the moment, it is like a support system for writers, coders, and researchers to produce bulk results which otherwise would take days to complete a task.

It results in human-like texts as well. So, there is a possibility that tools like this may reduce the need for many professionals for a task. It may also tackle basic junior-level jobs that are more monotonous and obvious. However, it is too soon to conclude right now. However, it will surely transform the way we are working presently. Soon, you will see more and more professionals working hand in hand with Artificial Intelligence.

ChatGPT- A Mark of the Paradigm Shift in the 21st Century

“ChatGPT is a game-changer!”

No wonder why ChatGPT has received an overwhelming response on the internet. There is absolutely no content stream, be it Instagram reels, YouTube videos, podcasts, and more, where ChatGPT has not left its mark. It is part of every heated discussion at present. It is a potent technology that is yet to develop. Already at an infancy- stage, it churns out decent text responses if commanded well. The developed versions of GPT will produce innovative and accurate results.

Recently, ChatGPT also passed the Wharton University MBA exam (one of the top B-Schools in the world). The buzz continued with one of the considerable investments, wherein Microsoft invested in OpenAI, already making it the deal of the year.

Of course, tech leaders are foreseeing the immense such revolutionary technology would lead to job automation. Undeniably, AI is the future, and this is a clear sign that it’s not the future but a living reality right now.

It marks the paradigm shift of the technological revolution in the 21st century.

Stay tuned to https://www.rapidinnovation.io/ for more technical dives!

January 27, 2023 0 comment