The Rise of ChatGPT and How It Will Impact Businesses

At the end of November 2022 the San Francisco-based company OpenAI launched a prototype of a free artificial intelligence chatbot fine-tuned with both supervised and reinforcement learning techniques to deliver detailed, articulate responses across a wide range of topic areas. Within five days, the chatbot —called ChatGPT in reference to the category of large language models it uses, which are known as Generative Pre-trained Transformers— had over a million users. By January, it had over 100 million users, making it the fastest growing consumer application ever to date. Within just three months on the strength of ChatGPT’s early performance, OpenAI…

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