ChatGPT: What Is It & How To Make Money With It?

ChatGPT is a chatbot that can generate responses that seem like natural language. It has been getting a lot of attention since its release for how good it is at generating those human-like responses.

People are using ChatGPT to write computer code that works and students have used the tool to plagiarize essays.

So, if you’ve come across someone talking about ChatGPT but have no idea what it is about, you are at the right place because we will look at what it is and how you can use it.

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ChatGPT Review

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What Is ChatGPT?

ChatGPT is an AI chatbot that was developed by OpenAI and released to the public in November 2022. It is based on GPT-3.5 (built on OpenAI GPT-3 family of language models) and has proven to be great at generating conversational dialogue and providing responses that appear quite close to human.

What is ChatGPT And How Can You Use It?

ChatGPT is a large language model that predicts the next word in a series of words.

It was trained with supervised training as well as Reinforcement Learning with Human Feedback (RLHF). This method of training uses human feedback to help ChatGPT follow directions and generate responses that sound human.

ChatGPT surprised many people with its detailed responses and articulate answers spanning many topics. Elon Musk even commented “ChatGPT is scary good. We are not far from dangerously strong AI.” He is one of the co-founders of OpenAI but he left the company in 2018.

When OpenAI released ChatGPT, it was valued at $29 billion.

However, ChatGPT is not perfect and as we’ve seen with other AI tools that try to mimic human creativity and intelligence, it has had problems with factual accuracy.

That being said, ChatGPT is seen by some as an important tool that could potentially replace search engines. One of the reasons it is being seen as a replacement of search engine is its ability to answer complex questions conversationally. It being trained to learn what humans mean when they ask a question gives it an advantage over search engines.

In addition to replacing search engines, its ability to provide human-quality responses has left some people feeling that it may eventually have the power to disrupt how humans interact with computers and change how information is retrieved.

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Who is behind ChatGPT?

ChatGPT is a tool developed by OpenAI, a San Francisco-based artificial intelligence company.

OpenAI made the news in 2022 for releasing another tool called DALL·E 2 that generates images from text prompts. The CEO of OpenAI is Sam Altman.

Microsoft has been involved in the creation of ChatGPT too because it provided the platform for training the algorithm and invested $1 billion dollars in the project.

How ChatGPT works

ChatGPT is a large language model (LLM), which means that it was trained with massive amounts of data to accurately predict what word comes next in a sentence. The more data you feed to an LLM, the more advanced it gets.

ChatGPT website

Since this model had more data to work with, it behaved differently from its predecessors. For example, while other iterations of GPT only worked with what they were trained on, GPT-3 could perform tasks it was not explicitly trained on, like translating sentences from English to French, with few to no training examples.

LLMs predict the next word in a sentence and the next sentences. It works like autocomplete, but on a larger scale because it can write paragraphs and entire pages of content.

While most LLMs cannot always understand exactly what a human wants, ChatGPT improves on that thanks to Reinforcement Learning with Human Feedback (RLHF) training.

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How to use ChatGPT

ChatGPT can answer all kinds of questions you throw at it using a combination of machine learning and human intervention. If you want to use ChatGPT, you can sign up for free online. You can create an account using either your email address, Google account, or Microsoft Account:

ChatGPT signing up process

Once you provide your details and authenticate your identity, you will be directed to a dashboard. One thing I noticed is that the page comes with a disclaimer warning you that the free research preview (this version of ChatGPT) is flawed:

ChatGPT has its flaws

Here’s what the dashboard looks like when you first open it. As you can see, demand is quite high because the number of users trying ChatGPT has been growing exponentially since it was launched.

ChatGPT dashboard

To test it, I entered the query, “explain quantum computing in simple terms.” Here’s what I got in return:

ChatGPT query response

As you can see, the answer I got is pretty accurate because that kind of information is what an AI like ChatGPT thrives on.

To test how good it is at generating unique responses, I asked the same query again with the exact terms and I got a different but accurate answer:

ChatGPT query response

This goes to show that if two people ask ChatGPT the same question, they may get different answers that are accurate.

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How to use ChatGPT as a developer

If you are a developer, you must first sign up for an OpenAI API key, which allows you to access the model and use it for your applications. Then you should follow these steps:

  • Visit the OpenAI website and create an account.
  • Browse the API keys page to generate a new API key.
  • Copy and store the API key to access the ChatGPT model as and when needed.

You should set the temperature parameter to regulate the degree of originality and diversity in the created text. The lower the number, the more the result resembles the original training data. So, a zero will produce text exactly like the training data, whereas a higher temperature produces more creative and varied text.

You can also control the length of the generated text to only produce a certain length of the text and avoid answers which are too lengthy. Use the the ‘max_tokens’ parameter to control that.

The ‘n’ parameter enables you to produce different responses to the same question.

You can also augment ChatGPT with natural language processing (NLP) tools like entity recognition, sentiment analysis, and keyword extraction.

Uses of ChatGPT

Generating Text From Prompts

ChatGPT can be used to create any kind of text, such as blog posts, essays, and program code. One of the main benefits of using ChatGPT to generate text is that it enables you to experiment and develop new ideas for content as well as code. ChatGPT can generate outlines for articles or even entire novels.

ChatGPT can write in the style of a specific author too.

Due to its ability to follow directions, ChatGPT can be used as tool that accomplishes a task. Students have used it to write essays on virtually any topic.

It will provide a response for virtually any task that can be answered with written text.

Searching for Information

Instead of using a search engine to find information, you can use ChatGPT to find well arranged answers to queries. The AI chatbot is capable of explaining complex issues in different tones or knowledge levels. However, you should be careful with it because it can produce inaccurate responses sometimes.

Solving Coding Problems

The capacity of ChatGPT to comprehend and write code has been one of its most impressive features. ChatGPT can address coding issues and offer assistance in the debugging process.

Writing Blog Posts

AI writing has the potential to revolutionize the blogging industry. We’ve discussed AI tools like Jasper AI before. ChatGPT can be used not only to produce the entire blog but also to enhance the quality of content and create compelling headlines for blog posts.

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Frequently Asked Questions about ChatGPT

How Was ChatGPT Trained?

GPT-3.5 was trained on massive amounts of data about code and information from the internet. Sources include Reddit discussions and other forums that were meant to help ChatGPT learn dialogue and attain a human style of responding.

Is ChatGPT Free?

When OpenAI released ChatGPT, they released it in what’s called “research preview” mode, which is free of charge.

The chatbot was made open for users to try out and provide feedback on the responses so that the AI can become better at answering questions and learn from its mistakes, a process known as machine learning.

OpenAI want to ensure that the model does not take inappropriate requests or provide biased results. They are also working on blocking some types of unsafe content but the system is not perfect yet. They wish to collect user feedback to improve this.

“While we’ve made efforts to make the model refuse inappropriate requests, it will sometimes respond to harmful instructions or exhibit biased behavior.

We’re using the Moderation API to warn or block certain types of unsafe content, but we expect it to have some false negatives and positives for now.

We’re eager to collect user feedback to aid our ongoing work to improve this system.”

They also had a competition where they were offering to pay $500 in ChatGPT credits to members of the public who committed to rating the responses they got.

“Users are encouraged to provide feedback on problematic model outputs through the UI, as well as on false positives/negatives from the external content filter which is also part of the interface.

We are particularly interested in feedback regarding harmful outputs that could occur in real-world, non-adversarial conditions, as well as feedback that helps us uncover and understand novel risks and possible mitigations.

You can choose to enter the ChatGPT Feedback Contest3 for a chance to win up to $500 in API credits.

Entries can be submitted via the feedback form that is linked in the ChatGPT interface.”

The contest ended at 11:59 p.m. PST on December 31, 2022.

Will ChatGPT Replace Google Search Engine?

Alphabet has not been left behind in this new AI trend as they’ve released an AI chatbot called LaMDA. Google’s chatbot is said to be so close to a human that a Google engineer came out saying that LaMDA was sentient.

Large language models are quite good at answering questions, which is exactly what a search engine does. Therefore, it does not sound far-fetched that a company like OpenAI will one day replace traditional search.

Some people already believe that ChatGPT will be the next Google and the argument is that searches might move away from search engines and towards chatbots. This is a nightmare scenario for people who make a living as search marketing professionals.

Having tested ChatGPT, you can tell that the technology still has a long way to go, but it’s possible to have a future where chatbots start doing the job of search engines.

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ChatGPT Pros

  1. ChatGPT is free and easy to use. However, that may change in the future where you will have to buy credits to use it.
  2. It is capable of answering some questions well and in a comprehensive way. It is also solving coding problems and writing mathematical proofs.
  3. It can be used as an AI assistant to accelerate content creation.
  4. ChatGPT has shown a mastery of coding and written languages.

ChatGPT Drawbacks

  1. It is not easy to tell whether the responses given by ChatGPT are authoritative if you don’t already know the answer to the query you are feeding it. Search engines have an advantage here because they respond to user queries by displaying a variety of sources and you can extrapolate the truth from looking at a number of them. The chatbot does not include a source of information or any citations.
  2. It is going to be hard to derive insight about a topic because the AI will generate something that looks genuine and not so far from what a human would produce yet it won’t know what it is producing. Creative professionals and specialists are at a disadvantage because while they provide original work, anyone can use ChatGPT to write articles, solve math problems, and review code.
  3. In some cases, the chatbot gives the same response to more than one user. Therefore, if two users ask the chatbot to write on the same topic, they run the risk of ending up with the same essays.
  4. There are limitations on toxic responses. ChatGPT does not provide what it deems toxic or harmful responses so it will not answer those kinds of questions. That can be an issue because it all comes down to who is deciding what is toxic and what isn’t.
  5. Answers are not always accurate. Another limitation is that because it is trained to provide answers that feel right to humans, the answers can trick humans that the output is correct. Many users have found that ChatGPT can provide incorrect answers, including some that way off. This can be a problem if you are unfamiliar with a subject to which you are looking for answers.

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Stack Overflow bans ChatGPT Responses

The moderators at Stack Overflow have discovered an unintended consequence of answers that feel right to humans. They discovered that they were being flooded with user responses generated from ChatGPT that appeared to be correct, but were the wrong answers. Overwhelmed by that, they enacted a ban against any users who post answers generated from ChatGPT.

“This is a temporary policy intended to slow down the influx of answers and other content created with ChatGPT.

…The primary problem is that while the answers which ChatGPT produces have a high rate of being incorrect, they typically “look like” they “might” be good…”

Stack Overflow moderators discovered the flaw in ChatGPT answers, something that OpenAI, are aware of and warned about.:

“ChatGPT sometimes writes plausible-sounding but incorrect or nonsensical answers.

Fixing this issue is challenging, as:

(1) during RL training, there’s currently no source of truth;

(2) training the model to be more cautious causes it to decline questions that it can answer correctly; and

(3) supervised training misleads the model because the ideal answer depends on what the model knows, rather than what the human demonstrator knows.”

Elon Musk limited OpenAI’s access to the Twitter database pending better understanding of OpenAI’s plans.

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ChatGPT’s large language model can generate incredibly powerful text and code that answers hard questions and explains them in a way that makes sense to us. However, it is not flawless because it still produces incorrect answers, which means that you must at least be aware of the correct answer before you use it.

ChatGPT was released for free but people will eventually have to pay to use it. There are millions of users who have already registered to use ChatGPT.

AI tools like ChatGPT remind us of smartphones and social networks when they first emerged. Altough fun and exciting, there will be drawbacks, painful lessons and unintended consequences as is always the case with new technology.

Before you leave

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David Fortune has been the editor since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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