Why ChatGPT Is So Popular And Its Impact On Cryptocurrencies

Key Points:

• ChatGPT is an AI chatbot. The user can enter any text and ChatGPT will generate the response text.
• ChatGPT is getting a lot of attention because it is easy to use and can quickly generate responses and is completely free.
• For cryptocurrencies, it has a very important meaning in educating, enhancing blockchain development applications and creating AI technology trends for cryptocurrency projects.

ChatGPT is the software that receives a lot of attention when AI technology has a new breakthrough. This is one of the technologies that can change people’s Internet usage habits in the future. So let’s also find out what this technology is, where it comes from, its pros and cons and its effects on cryptocurrencies.

What is ChatGPT?

ChatGPT is a chatbot system created using GPT-3.5 (Generative Pre-training Transformer 3.5) technology, developed by the startup company OpenAI. ChatGPT can be simply understood as an AI (artificial intelligence), and the special feature of this AI lies in the “huge knowledge store” compared to other AIs.

In particular, OpenAI’s latest language technology, GPT-3.5, currently has 176 billion parameters. The textual data alone has reached 570 GB, collected from a series of articles on the internet, newspapers, online books to in-depth researched academic documents. With such a large data warehouse, ChatGPT can fluently answer questions from various fields that users raise from finance to art, from design to programming.

Assessed by the worldwide community as being able to operate and simulate human-to-human conversations almost as real, inaccurate information cannot be avoided. However, it is still impossible to deny the potential of this technology in the future when users begin to use this tool more, and perhaps this is a competitor worthy of Google’s attention.

Who created ChatGPT

ChatGPT was created by OpenAI, a San Francisco-based research and development group consisting of two separate agencies: the nonprofit OpenAI Inc. (OpenAI Inc.) and its wholly-for-profit subsidiary OpenAI Limited Partnership (OpenAI LP). Initially, OpenAI started as an R&D initiative focused on researching the potential of AI for the possible benefit of mankind (known as the “friendly AI” concept). Since its launch in December 2015, the organization has been led by top tech entrepreneurs and investors including Sam Altman, Elon Musk, and Peter Thiel.

ChatGPT itself was launched to the public on November 30, 2022. In less than seven days, its user count surpassed one million users, which is an unprecedented metric for apps. digital use. In mid-December, the service was down due to a serious traffic problem, but the team fixed the problem. At the beginning of January 2023, the platform introduced its first paid fee schedule and shared plans to launch the GPT-4 update by the end of 2023.

Working principle

The way ChatGPT works is quite simple when simulated into a question and answer conversation in a chat box. When the user asks a question, it predicts, analyzes and gives the answer. To be able to do this, the model had to undergo rigorous testing and monitoring.

In case the model spreads incorrectly, the correct answer will be updated immediately. Thereby strengthening the knowledge for the system and gradually more accurate information in the future. Thanks to this way of continuous learning, ChatGPT can grow and expand even more in the future.

Why has ChatGPT become so popular?

As the field of AI is developing and ChatGPT is like a fuse, it is about to detonate a bomb in the technology industry and have an impact on every sector of the job market. This makes people curious and worried about the effects that AI has on life.

Arguably, the biggest advantage of ChatGPT is how easy it is to use and how it can generate human-like responses extremely quickly and for free.

In fact, it can generate text in response to almost any prompt and on a wide range of topics thanks to its varied training program. Meaning millions of users have found a way to use ChatGPT to make their lives easier.

Thus, ChatGPT is an exciting combination of accessibility and flexibility for every user regardless of their level of technology expertise.

The necessary support of this technology will help raise the art level in research areas such as natural language processing and machine learning.

Besides, it will shorten the data entry process and simplify operations in supply chain management, increasing work productivity.

The Impact of ChatGPT on Blockchain and Cryptocurrency

Accept Cryptocurrency

As for entering the cryptocurrency market, one of the hurdles that need to be overcome is quite complicated concepts. The strength of ChatGPT is that it can give simple but equally accurate and comprehensive answers.

ChatGPT can be useful for blockchain education, but inevitably some of its claims can still be false and misleading. Therefore, it should be used responsibly by content creators and researchers.

Help develop Blockchain

Chat GPT can help Blockchain developers in many areas such as developing smart contracts, tokens or DApps or conducting market analysis. It can help users save time and effort and improve work quality. As blockchain technology continues to evolve, the use cases for ChatGPT in this area may also expand.

Trending AI technology for the crypto market

In general, when ChatGPT bot was announced, it brought a positive impact to the technology market. As for the cryptocurrency market, tokens of artificial intelligence development projects have had positive price actions in recent times. More specifically, tokens like FET, GRT, or AGIX have experienced over 100% growth in recent times.

From the results, it can be seen that ChatGPT is the beginning of a trend in artificial intelligence that affects the majority of projects related to the field of AI.

Conclusion

In the future, perhaps AI technology, more specifically ChatGPT, will bring a revolution in the way users use the Internet thanks to its ability to quickly aggregate information and diverse information sources. However, this Chatbot still has weaknesses such as inaccurate information. Therefore, ChatGPT is likened to an effective support tool for industries instead of replacing people in those fields.

It is undeniable that ChatGPT is having more and more influence on Blockchain technology and the cryptocurrency market because it also provides a variety of tools for Blockchain developers and makes sense in cryptocurrency adoption. death in the future.

Hope the article is useful to you. If you have any suggestions, please leave them in the comment section below to make our article more complete.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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