What is ChatGPT – a Technological Revolution or Overhype?

what is chatgpt cover

This will be definitely the year of AI tools. Everyone is crazy about Artificial Intelligence and all the noise around it.

The web is flooded with a myriad of articles, videos, posts, tips and tricks about ChatGPT. It’s everywhere! People, please calm down.

The trends are impressive though, looks like ChatGPT is the new web sensation.


Number of results in Google search

Search trends in Google

Search volume in Google search

Number of web pages about ChatGPT

Let’s quickly explore ChatGPT and see how it works. I will try to explain it in simple words, so you don’t have to spend hours reading/watching countless sources on the web.

So, what is ChatGPT?

ChatGPT is an AI bot based on GPT (Generative Pre-trained Transformer). Doesn’t tell you much, right?

In simple words ChatGPT is a language processing tool powered by Artificial Intelligence. It’s basically a smart chatbot that can answer questions. You ask it something by writing your question (prompt) and it provides a response.

What makes it different is the fact that you can interact with ChatGPT in a conversational way. It can respond in a human-like manner. Also, it remembers what you said earlier in the conversation.


Who owns ChatGPT?

ChatGPT was created by OpenAI – a nonprofit AI research company founded in 2015 and based in San Francisco. The CEO of OpenAI is Sam Altman, the former president of Y Combinator.

The company was founded by Sam Altman, Elon Musk and other key people. Musk resigned in 2018 but still donates money to the organization, along with other notable personalities and companies.

OpenAI website

Here is a photo dating from 2015 showing Sam Altman and the team on the first day of OpenAI. Doesn’t look like a fancy office, just a bunch of talented people who are about to create a new web revolution.

openai first days
Image source: Sam Altman Twitter profile

When was ChatGPT launched?

ChatGPT was initially launched in November 2022. It got 1 Mln users in less than a week.

In comparison, it took Instagram more than 2 months to get 1 Mln users, 10 months for Facebook, 24 months for Twitter and 41 months for Netflix.

chatgpt time to reach 1 mln users
Image source: Marcus Koehnlein LinkedIn profile

How does ChatGPT work?

ChatGPT is a machine learning model that processes and understands data, such as natural language text.

It was trained on a huge amount of data from the Internet, including blogs, websites, conversations, Wikipedia, code, books, text, etc. That is about 45TB of text data, according to this source.

ChatGPT capabilities are endless, it can:

  • write articles or poems
  • write and explain code
  • solve math problems
  • generate text for social media posts
  • generate topic ideas
  • translate text
  • create a meeting agenda
  • many many more

Is ChatGPT free?

Yes, it’s free at the moment. However, the team is considering launching a premium version, as the cost of running ChatGPT is huge (about $3Mln / month according to this source).

Some users reported a $42/ month premium plan, but this is not official and most likely the final price will be different.

Is ChatGPT open source?

No, it’s proprietary software, meaning that it’s owned by OpenAI organization and can’t be modified or distributed by anyone.

How to sign up for ChatGPT?

Follow these steps to open a free account:

  1. Go to OpenAI website and click on Try ChatGPT
  2. Click on sign up and include your email address. You can also use your existing Google or Microsoft account
  3. Add a secure password

That’s it, you now have free access to the tool.

Note that the service is overloaded by millions of users and sometimes the web app is not available. In this case, just wait until it’s live and try again.

ChatGPT overloaded

How to use ChatGPT?

Simply ask it anything by writing a prompt. ChatGPT will answer your question. If you’re not happy with the result, click on “Regenerate response” and it will generate a new answer.

You can view all your previous prompts in the left side panel and also you can ask the chatbot to adjust the answer as it remembers what you asked earlier.


What is the current version of ChatGPT?

The latest version was released on Jan 9, 2023.

ChatGPT was built on top of GPT-3 family of language models, more specifically GTP-3.5 which is an improved version.

OpenAI is working on a new model GPT-4.0 which is expected to be even more capable than the older version.

It’s rumored that GPT-4 will be 100 times more powerful than GPT-3. GPT-4 will have 170 trillion parameters, while GPT-3 has 175 billion parameters.

chatgpt3 vs chatgpt4 parameters
Image source: AI Breakfast Twitter profile

Will ChatGPT kill Google search?

It will definitely disrupt the search engine industry. While it’s not a major threat to Google (just yet), it will certainly have a significant impact on search engines.

Microsoft invested $1B in 2019 in OpenAI and reportedly $10B in January 2023. Microsoft is also considering integrating ChatGPT into Bing search engine, which is the main competitor of Google search.

Also, ChatGPT has been trained on Azure AI supercomputing infrastructure and OpenAI has just announced an extended partnership with Microsoft.

What are ChatGPT’s limitations/cons?

  • It may generate incorrect and false information
  • It may generate harmful and biased content
  • Has a limited knowledge base that ends in 2021
  • Doesn’t fully understand the complexity of human language, thus it’s not able to engage in personal or deep conversations

Is ChatGPT overrated?

It depends on how you look at it. On the one hand, there is so much noise around it, that you just want to mute everything that is ChatGPT related. On the other hand, it’s a remarkable tool that will definitely disrupt the way we activate online.

Let’s wait until all the hype is over and see what ChatGPT will bring to the table and how it will affect our day to day tasks.

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