Berliner Boersenzeitung - ChatGPT: the promises, pitfalls and panic

EUR -
AED 4.09844
AFN 76.83586
ALL 99.089905
AMD 432.002035
ANG 2.007856
AOA 1035.248441
ARS 1074.344472
AUD 1.638661
AWG 2.008525
AZN 1.893024
BAM 1.952645
BBD 2.249466
BDT 133.1349
BGN 1.952645
BHD 0.419822
BIF 3229.681956
BMD 1.115847
BND 1.439574
BOB 7.698562
BRL 6.154006
BSD 1.1141
BTN 93.116256
BWP 14.727206
BYN 3.646009
BYR 21870.604702
BZD 2.245672
CAD 1.513875
CDF 3203.596944
CHF 0.949519
CLF 0.037544
CLP 1035.955103
CNY 7.868838
CNH 7.863816
COP 4635.206863
CRC 578.066046
CUC 1.115847
CUP 29.56995
CVE 110.087137
CZK 25.069965
DJF 198.389472
DKK 7.458914
DOP 66.871958
DZD 147.446777
EGP 54.143139
ERN 16.737708
ETB 129.282025
FJD 2.455759
FKP 0.849783
GBP 0.838319
GEL 3.04616
GGP 0.849783
GHS 17.514702
GIP 0.849783
GMD 76.439037
GNF 9625.448619
GTQ 8.612086
GYD 233.06345
HKD 8.693621
HNL 27.636349
HRK 7.586657
HTG 147.002495
HUF 393.006904
IDR 16917.359076
ILS 4.220039
IMP 0.849783
INR 93.159124
IQD 1459.442049
IRR 46968.795211
ISK 152.101006
JEP 0.849783
JMD 175.037201
JOD 0.79058
JPY 160.821451
KES 143.711755
KGS 93.997292
KHR 4524.689674
KMF 492.479286
KPW 1004.261828
KRW 1487.446408
KWD 0.340411
KYD 0.9284
KZT 534.147004
LAK 24601.252923
LBP 99767.610207
LKR 339.910822
LRD 222.82
LSL 19.558301
LTL 3.294807
LVL 0.674965
LYD 5.290452
MAD 10.802747
MDL 19.440591
MGA 5038.858955
MKD 61.515612
MMK 3624.22811
MNT 3791.648663
MOP 8.942951
MRU 44.274468
MUR 51.195339
MVR 17.138946
MWK 1931.679078
MXN 21.635702
MYR 4.687244
MZN 71.247233
NAD 19.558301
NGN 1802.662425
NIO 41.003752
NOK 11.702003
NPR 148.98629
NZD 1.789722
OMR 0.429057
PAB 1.1141
PEN 4.175853
PGK 4.360954
PHP 62.080156
PKR 309.55267
PLN 4.269415
PYG 8691.956818
QAR 4.061738
RON 4.989403
RSD 116.898133
RUB 103.401129
RWF 1501.873494
SAR 4.187163
SBD 9.269272
SCR 14.55748
SDG 671.196271
SEK 11.351558
SGD 1.440826
SHP 0.849783
SLE 25.494098
SLL 23398.751675
SOS 636.67136
SRD 33.704207
STD 23095.783712
SVC 9.74825
SYP 2803.599441
SZL 19.565389
THB 36.811555
TJS 11.842866
TMT 3.905465
TND 3.375746
TOP 2.613427
TRY 38.108792
TTD 7.577757
TWD 35.711596
TZS 3041.485868
UAH 46.048502
UGX 4127.331666
USD 1.115847
UYU 46.035622
UZS 14177.094741
VEF 4042215.025119
VES 41.104208
VND 27455.419831
VUV 132.475619
WST 3.121541
XAF 654.898911
XAG 0.035916
XAU 0.000426
XCD 3.015633
XDR 0.825666
XOF 654.898911
XPF 119.331742
YER 279.324446
ZAR 19.421431
ZMK 10043.986022
ZMW 29.495346
ZWL 359.302336
  • RELX

    -0.1400

    47.99

    -0.29%

  • BCC

    -7.1900

    137.5

    -5.23%

  • RBGPF

    58.8300

    58.83

    +100%

  • NGG

    0.7200

    69.55

    +1.04%

  • CMSC

    0.0300

    25.15

    +0.12%

  • SCS

    -0.3900

    12.92

    -3.02%

  • GSK

    -0.8200

    40.8

    -2.01%

  • BTI

    -0.1300

    37.44

    -0.35%

  • JRI

    -0.0800

    13.32

    -0.6%

  • CMSD

    0.0100

    25.02

    +0.04%

  • BP

    -0.1200

    32.64

    -0.37%

  • RIO

    -1.6100

    63.57

    -2.53%

  • BCE

    -0.1500

    35.04

    -0.43%

  • VOD

    -0.0500

    10.01

    -0.5%

  • AZN

    -0.5200

    78.38

    -0.66%

  • RYCEF

    0.0200

    6.97

    +0.29%

ChatGPT: the promises, pitfalls and panic
ChatGPT: the promises, pitfalls and panic / Photo: Lionel BONAVENTURE - AFP

ChatGPT: the promises, pitfalls and panic

The excitement around ChatGPT - an easy to use AI chatbot that can deliver an essay or computer code upon request and within seconds - has sent schools into panic and turned Big Tech green with envy.

Text size:

But behind the headlines, the potential impact of ChatGPT on society remains more complicated and unclear. Here is a closer look at what ChatGPT is (and is not):

- Is this a turning point? -

It is entirely possible that November's release of ChatGPT by California company OpenAI will be remembered as a turning point in introducing a new wave of artificial intelligence to the wider public.

What is less clear is whether ChatGPT is actually a breakthrough with some critics calling it a brilliant PR move that helped OpenAI score billions of dollars in investments from Microsoft.

Yann LeCun, Chief AI Scientist at Meta and professor at New York University, believes "ChatGPT is not a particularly interesting scientific advance," calling the app a "flashy demo" built by talented engineers.

LeCun, speaking to the Big Technology Podcast, said ChatGPT is void of "any internal model of the world" and is merely churning "one word after another" based on inputs and patterns found on the internet.

"When working with these AI models, you have to remember that they’re slot machines, not calculators," warned Haomiao Huang of Kleiner Perkins, the Silicon Valley venture capital firm.

"Every time you ask a question and pull the arm, you get an answer that could be marvelous...or not...The failures can be extremely unpredictable," Huang wrote in Ars Technica, the tech news website.

- Just like Google -

ChatGPT is powered by an AI language model that is nearly three years old - OpenAI's GPT-3 - and the chatbot only uses a part of its capability.

The true revolution is the humanlike chat, said Jason Davis, research professor at Syracuse University.

"It's familiar, it's conversational and guess what? It's kind of like putting in a Google search request," he said.

ChatGPT's rockstar-like success even shocked its creators at OpenAI, which received billions in new financing from Microsoft in January.

"Given the magnitude of the economic impact we expect here, more gradual is better," OpenAI CEO Sam Altman said in an interview to StrictlyVC, a newsletter

"We put GPT-3 out almost three years ago... so the incremental update from that to ChatGPT, I felt like should have been predictable and I want to do more introspection on why I was sort of miscalibrated on that," he said.

The risk, Altman added, was startling the public and policymakers and on Tuesday his company unveiled a tool for detecting text generated by AI amid concerns from teachers that students may rely on artificial intelligence to do their homework.

- What now? -

From lawyers to speechwriters, from coders to journalists, everyone is waiting breathlessly where the disruption from ChatGPT will be felt first, with a pay version of the chatbot expected soon.

For now, officially, the first significant application of OpenAI's tech will be for Microsoft software products.

Though details are scarce, most assume that ChatGPT-like capabilities will turn up on the Bing search engine and in the Office suite.

"Think about Microsoft Word. I don't have to write an essay or an article, I just have to tell Microsoft Word what I wanted to write with a prompt," said Davis.

He believes influencers on TikTok and Twitter will be the earliest adopters of this so-called generative AI since going viral requires huge amounts of content and ChatGPT can make the chore almost instantaneous.

This of course raises the specter of disinformation and spamming carried out at an industrial scale.

For now, Davis said the reach of ChatGPT is very limited by computing power, but once this is ramped up, the opportunities and potential dangers will grow exponentially.

And much like the ever imminent arrival of self-driving cars that never quite happens, experts disagree on whether that is a question of months or years.

- Ridicule -

LeCun said Meta and Google have refrained from releasing AI as potent as ChatGPT out of fear of "ridicule" and backlash.

Quieter releases of language-based bots - like Meta's Blenderbot or Microsoft’s Tay for example - were quickly shown capable of generating racist or inappropriate content.

Tech giants have to think hard before releasing something "that is going to spew nonsense" and disappoint, he said.

(K.Müller--BBZ)