The language-based model is fed large amounts of data to accurately predict the next word in a sentence.

It takes data from textbooks and various articles on websites to furnish its own language for interacting with humans.

ChatGPT enhances customer service, transforming the way humans interact with machines.

Apart from generating responses, it can also write codes and articles.

ChatGPT further helps in translation, debugging and even curating a story or a poem.

Elon Musk, Peter Thiel, and LinkedIn co-founder Reid Hoffman are some of the investors in ChatGPT’s parent company, OpenAI.

Microsoft also invested $1 billion in OpenAI and is looking to include the chatbot in its search engine Bing, as Chat GPT provides much better search results.