CHAPGPT IS THE NETSCAPE NAVIGATOR MOMENT FOR THE AI ERA

How has AI revolutionized the world, and what are some potential benefits and drawbacks of the same? AI has not revolutionized the world yet, but the potential is very high. The reason is that AI techniques allow for a few things that were not that easily possible with prior computing. These include the application of probability reasoning, learning, and improving, and now generating digital artifacts. These vastly expand the scope of computers into many other aspects of business and society, across all areas. Further, we might be able to solve problems and create things that were not possible before. But, of course, while the promise is vast, the reality is that these benefits will not come to fruition easily till the technology develops and can be applied for success. Such a powerful set of technologies will also be applied for nefarious purposes at a vast scale for fraud and other crimes, by individuals and sophisticated groups. As we use AI more, we must be careful about this and other such issues as biases in decision-making that AI can bring, if not managed appropriately.

What distinguishes ChatGPT from earlier advancements in conversational AI, and why is it causing such a stir?

Earlier conversational AI elements were much simpler in scope in what they can do in terms of what they can do and mostly in fixed domains. Or they can find answers from digital knowledge repositories or the internet. ChatGPT can generate responses using specific AI techniques at a much more sophisticated level across a wide array of topics. This ability, akin to ‘creation’, makes it much more powerful. There is a sense of wonder at what it creates with very little prompting from us. ChatGPT does have issues though – it generates content, but not all responses are correct. While it gives a sense of sophistication, it is not at a stage where enterprises can automatically assume what it does is correct. Further, it is not trained with the most current information and that can lead to errors.

Discuss ChatGPT's complexity, issues, and prospects for success in the near future. This ability to generate responses is a sophisticated and powerful aspect of generative AI. But the aspect of accuracy is an important one to be handled for serious use. In my view, ChapGPT is the Netscape navigator moment for the AI era – where a powerful easy to interface shows the potential of the technology.

It is not the final one, but an early precursor to a new world of opportunity and risk. While ChatGPT shows potential, it is not the only form. We will see many more over time and further innovations built on them. Generative AI also has wondrous applications in drug discovery, material science, and many other areas where creativity, innovation, and synthesis can lead to powerful discoveries or creations.