OpenAI’s latest GPT model, Chat GPT, which gathered around 1 million users in only one week after its launch, has been making a splash in the AI industry since its official release on November 30th, 2022.
But how exactly does OpenAI keep pushing the limits with the assistance of AI, and what precisely is Chat GPT’s potential?
If you haven’t been keeping up with the Chat GPT craze, here are some key Chat GPT statistics including revenue, its impacts and limitations, its potential for the future, and which trials are using it to replace humans.
By the end of 2023, ChatGPT is projected to generate $200 million (Reuters 2)
Realistically, $200 million in revenue is expected to be generated by the end of this year (2023), which is a step toward the forecast of $1 billion by 2024. The numbers and the forecasted revenue for 2024 were originally reported by Reuters.
These figures demonstrate how optimistic the Silicon Valley technology industry is about the future of ChatGPT and OpenAI. They believe that there will be a lot more underlying and prospective technology than what is now shown.
One million people signed up for ChatGPT within the first five days after it was released in November, 2022 (Statista)
According to a report presented by OpenAI itself, ChatGPT was first made available to the public on November 30, 2022. In only five short days, the application gained more than one million users.
Global consumers installed the software Lia ChatGPT 3,560 times in the initial 10 days of January 2023, compared to 3,771 downloads of GPT 3 (Statista)
ChatGPT scored a C+ on University of Minnesota graduate examinations and a B to B- on Wharton School exams in a blinded test (CNN)
The instructors at the University of Minnesota Law School scored the examinations blindfolded to see how effectively ChatGPT could produce responses on exams for the four subjects.
Following the completion of 95 MCQs and 12 essay questions, the bot achieved a mark that was below average but sufficient to pass all four classes. It did so by performing equivalently to a C+ student overall.
Professors are making adjustments in response to doubts regarding a potent new AI tool, ChatGPT, which performed better on a test for a business management course at Wharton, where it received a B to B-.
Due to security issues, ChatGPT is not accessible in all countries, some of which are major (OpenAI Beta)
The following seven nations do not have access to CPT-3 or ChatGPT technology.
Given that Russia, Iran, and Ukraine are on the list of nations associated with terrorism, it is not surprising that they are prohibited from using it without a VPN.
Numerous Egyptians have also complained that they are unable to use the chatbot.
This does not imply that it won’t ultimately be accessible in the majority of nations worldwide. It also does not imply that it won’t be prohibited in additional countries.
ChatGPT is among the most receptive and effective chatbots (Emeritus)
ChatGPT is regarded as one of the industry’s most effective chatbots. For users, ChatGPT contains some of the most useful and efficient use cases. These qualities consist of the following:
When a question about anything occurs after September 2021, ChatGPT will deny its access to that data, and you will see this notification addressing this restriction.
ChatGPT is Restricted to Existing Data Until 2021 (Open Sky News)
This technology’s training concluded in September 2021; therefore, its knowledge is restricted to 2021 and preceding years.
As a result, it currently has a minimum threshold for data that it may use.
Additionally, it informs you that after that date, it cannot access or surf the internet for data.
A student at Princeton University named Edward Tian claims to have created an app that can identify essays written employing ChatGTP (The Guardian)
According to Edward Tian, his GPTZero software can tell if an essay was produced by a person or a computer program.
The app will remain free in order for all academic establishments to have access to it.
Tian claims that he spent his New Year’s Day developing a program that would aid instructors in identifying plagiarism and essay-writing software.
This app is expected to become live in mid- to late-January 2023. That seems fascinating. Right? This demonstrates how quickly technology can advance.
After making a hefty $1 billion investment in OpenAI, Microsoft is now trying to integrate ChatGPT into its Bing search engine (The Guardian)
According to The Guardian’s reports, Microsoft and OpenAI join forces to produce more interesting search results for its Bing search engine.
The system converses with users and gives them more intelligent responses using a mix of AI and natural language processing. Microsoft expects ChatGPT to enhance the user experience and contribute to increasing visitation to its search engine.
So these are the key Chat GPT statistics. As you can see Chat GPT unquestionably has a considerable distance to go considering the expanding scope of artificial intelligence (AI) and the preponderance of bots that simulate human behavior. OpenAI is currently working on improving the model and removing some of the restrictions that it currently has.
Because OpenAI is always working to improve it, we have high hopes that Chat GPT will one day provide us with a more accurate and foolproof representation of the model. Despite the most recent upgrade, it was discovered that the embedding model of Chat GPT functions more effectively.