In the two months since its release to the public, ChatGPT stands out as perhaps the most advanced AI-powered chatbot ever developed. However, the generative AI technology and natural language processing tools that power it aren't unique to ChatGPT's developer, OpenAI. This revelation underscores ChatGPT's promise in magnifying software developer productivity and the productivity of various technical professionals. Given this potential, one might wonder about ChatGPT alternatives that could have a comparable effect.
Chatbots in business have become a game-changer. Various sectors are now deploying them, especially as a customer service AI, enabling their human counterparts to prioritize more intricate tasks that necessitate direct customer interactions. Hence, the demand for ChatGPT and its ilk is anticipated to surge.
Diving deeper into the generative AI application landscape reveals an array of innovations. Could ChatGPT eventually mirror the fate of Alta Vista, which, despite its initial popularity, was overtaken by the tech giant, Google? Given the unpredictability of the tech domain, drawing parallels between Generative AI vs. Alta Vista and Google might not be far-fetched!
But what exactly is Generative AI? It's a segment of AI that emphasizes automated content creation. This could mean translating textual content, writing articles, or scripting chatbot dialogues. Moreover, this technology doesn't just stop at text; it's also instrumental in algorithmic music composition and crafting Generative AI in videos and images.
The backbone of this technology is sophisticated machine learning models, like the GPT-3 model, which, with its colossal 175 billion parameters, enables ChatGPT to produce premium-quality content across various mediums. Different ML models for generative AI determine the quality and functionality of each generative tool, but GPT-3 remains a favorite for many.
A fascinating application of Generative AI is in personalized content generation. Imagine AI tailoring music suggestions, news pieces, or even online advertising based on individual preferences. Although targeted ads – the kind that transformed Google and Facebook into tech behemoths – have been around, Generative AI could make such content even more individual-centric.
As highlighted, the realms of generative AI, chatbots, and natural language processing aren't exclusive to OpenAI. This technology's versatility allows for content creation beyond just text, encompassing domains like music and video. Peter Jackson's Beatles movie, "Get Back," for instance, utilized generative AI to optimize both video and sound quality. Jackson's firm also granted a license for his AI-powered audio technology to Giles Martin for remixing The Beatles' iconic "Revolver" album.
It's no shocker that there are numerous Generative AI applications for business, from the obvious chatbot functionalities exemplified by ChatGPT to more nuanced tasks like automated report generation and basic data assessment. Furthermore, the FinTech sector is harnessing Gen AI for tasks like auto-trading and managing investment portfolios.
As an example, Peter Jackson’s recent Beatles movie, Get Back, leverages generative AI to enhance both the film quality and music engineering found in the final product. Jackson’s company even licensed his AI-powered audio technology to Giles Martin’s team for last year’s remix of The Beatles’ classic album, Revolver.
Not surprisingly, Generative AI applications for business abound, including the chatbot use-cases already highlighted by ChatGPT. Other intriguing ideas include automated report generation, data entry, and even basic data analysis. Of course, the FinTech movement in the financial industry relies on Gen AI for automated trading and investment portfolio management. Once again, a common benefit involves letting human employees focus on more critical tasks.
For those on the lookout for ChatGPT alternatives, Chatsonic, which utilizes GPT 3.5 (similar to ChatGPT), might be worth a glance. Its edge over OpenAI’s product lies in its integration with Google’s Knowledge Graph, ensuring access to post-2021 data. Another noteworthy mention is YouChat, which not only leverages GPT 3.5 but also mimics a conventional search engine, making it a contender against ChatGPT.
YouChat also uses GPT 3.5 and provides the look and feel of a traditional web search interface in addition to chatbot functionality. When they talk about ChatGPT replacing Google someday, YouChat might be a better fit for that use-case. However, this tool also suffers from ChatGPT’s inability to use any data after 2021.
If you want to explore a great business idea using generative AI, connect with the technology experts at NineTwoThree. We boast machine learning and AI development skills, keen business acumen, and experience working with businesses from startups to enterprises. Contact us to discuss a potential fruitful partnership.
