The AI-based chatbot ChatGPT, built on OpenAI’s GPT-3.5 language model, has been a continuous newsmaker since its launch in November 2022. The impact of the Generative Pre-trained Transformer on automation, content creation, and web development is constantly discussed. Debates are especially heated between AI supporters and those who see the chatbot as a source of copyright violations, data leaks, and disregard for creative work. Nonetheless, the chatbot’s popularity continues to grow, and its models are gradually improving.
Earlier we wrote – Everything You Need to Know About the iPhone 16: Release Date, Features, and Price
GPT-3.5 – The Foundation of ChatGPT
The large language model (LLM) GPT-3.5 made it possible to create a full-fledged AI chatbot capable of maintaining dialogue with users and understanding context. The 3.5 model can perform tasks related to:
- Writing texts on various topics
- Proofreading and editing
- Translations
- Information retrieval
- Content creation
- SEO optimization
- Naming
- Database contact search
- Data categorization by parameters
The massive neural network GPT-3.5 allows ChatGPT to be used in business for optimizing sales, creating articles and social media posts, managing online stores, feedback forms, and customer support chats.
GPT-4 – Better Than Real Financial Analysts
According to senior market reporter Matthew Fox, who published an article about GPT-4 on Business Insider, the fourth ChatGPT model can create financial analysis reports better than highly qualified humans. A study by the Booth School of Business at the University of Chicago found that GPT-4 can conduct financial analysis better than financial analysts. AI can predict growth/decline trends, potentially significantly impacting the financial system.
Using the “chain of thought” method, GPT-4 can imitate human reasoning and achieve 60% prediction accuracy. In comparison, financial analysts typically achieve no more than 50%. Beyond finance, version four offers significant advantages over the previous model. ChatGPT version four:
- Has higher productivity, processing large amounts of text more efficiently than GPT-3.5
- Processes natural language requests faster
- Can work with text and audio queries, and image-based tasks
- Has a large text window of up to 8 KB, roughly 13 pages
GPT-4 is easily scalable, processes larger data volumes, and offers more capabilities for businesses and researchers.
Video: How to Customize ChatGPT to Your Needs
This video demonstrates how to customize ChatGPT to suit your individual needs and application goals. You will learn about key settings to adapt the model for different tasks and usage scenarios.
GPT-4o and GPT-5 Models
GPT-4 is continuously developing and adding new features. Simultaneously, OpenAI is working on models with new operational scenarios and improved tools. According to Wikipedia, OpenAI’s CTO Mira Murati announced the release of GPT-4o on May 13, 2024. The “o” in GPT-4o stands for “omni,” indicating its versatility and high-speed processing of text, images, and audio with near-instant responses to queries.
Business Insider reviewers predict that users will test the GPT-5 model in the second half of 2024. There are rumors that some companies have already received demo versions of GPT-5 for pre-release testing.
Conclusions
ChatGPT models from GPT-3.5 to GPT-5 demonstrate significant progress in the field of artificial intelligence, providing more and more opportunities for automation, content creation, and business support. Each new version improves functionality and efficiency, opening new horizons for users and developers.
Frequently Asked Questions about ChatGPT
ChatGPT is a system that constantly evolves and adapts to specific tasks. Therefore, users should choose the optimal model based on their requirements. GPT-3.5 is excellent for everyday tasks, while GPT-4 is a more advanced version with the DALL-E neural network capable of generating high-quality images based on English queries. GPT-3.5 is sufficient for coding, text writing, translation, learning, and information retrieval across various topics.
OpenAI announced the release of version 5 for mid-2024, but the final product may not be available until 2025. The final testing stages planned for summer-fall this year might reveal significant issues that need time to resolve. Most testers and corporate clients will likely receive demo versions of GPT-5 by the end of 2024.
Besides expanded functionality, GPT-5 is expected to handle video queries and autonomously manage tasks like checking emails, sorting them, tracking calendars, and performing other operations without user intervention.