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Newshub tested the ChatGTP from Open AI, yes we are impressed and a bit scared – is it a game changer?

2022/12/06/11:29
in Financial insights
Reading Time: 3 mins read
254 11
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Newshub tested the ChatGTP from Open AI, yes we are impressed and a bit scared – is it a game changer?

We tried out the beta version of the new AI chat ChatGTP. First, we used it as we use Google. But soon we realized that is not what it is for, it is not a replacement. It is a new stand-alone AI product.

After we stopped using it as Google we entered long codes from various well-known websites such as Linkedin, ABC News and the like. GTP came up with concrete answers and also a lot of wise pointers about functions that record the behaviour on the respective site.

We also asked more intriguing questions about different types of coding and database connections. GTP solved it and came up with a lot.

Then, a little nervously, we entered the command: Write an explanatory text of 400 words about Blockchain, we did it nervously because it is human journalists and experts who write articles.

And, we were right to be a little nervous, here is GTP’s text. It took 14 seconds:

Blockchain is a digital technology that allows for the secure and transparent recording of transactions. It is made up of a network of computers, or nodes, that use cryptography to verify and record transactions on a decentralized, digital ledger. This ledger, known as a blockchain, is open to everyone in the network and can be used to record any type of information.

One of the key features of blockchain technology is its ability to create a tamper-proof record of transactions. Each transaction is cryptographically hashed and added to the blockchain in a way that makes it virtually impossible to alter or delete. This ensures the integrity and security of the transaction data.

Another important feature of blockchain is its decentralized nature. Instead of relying on a central authority, such as a bank or government, to verify and record transactions, the network itself is responsible for verifying and recording transactions. This decentralized structure makes it difficult for any one entity to control or manipulate the network.

Blockchain technology has the potential to revolutionize a wide range of industries, from finance and healthcare to supply chain management and voting systems. It offers a secure and transparent way to record and track transactions, and has the potential to increase efficiency and reduce fraud.

However, there are also challenges to widespread adoption of blockchain technology. For example, some people are concerned about the energy consumption required to maintain the network, as well as the potential for anonymity to be used for illegal activities. Additionally, there are still questions about the scalability of the technology, as well as its regulation and oversight.

Overall, while there are challenges to overcome, the potential benefits of blockchain technology are significant. As more and more industries begin to explore its use, it is likely that we will see increasing adoption and development of this technology in the coming years.

ChatGPT

And this is just the beginning, we will follow this up along the way learning more about it.

newshub

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