ChatGPT is a large language model (LLM) falling under the broad definition of generative AI. The sophisticated chatbot was developed by OpenAI using the Generative Pre-trained Transformer (GPT) model to understand and replicate natural language patterns with human-like accuracy. The latest version, GPT-4, exhibits human-level performance on professional and academic benchmarks. Without question, generative AI will create opportunities across all industries, particularly those that depend on large volumes of natural language data.
