Megan Crouse
The business world has embraced ChatGPT over the last year and found uses for the writing and image generation AI throughout many industries. This cheat sheet includes answers to the most common questions about ChatGPT and its competitors.
What is ChatGPT?
ChatGPT is an AI chatbot product developed by OpenAI and built on the structure of GPT-4. GPT stands for generative pre-trained transformer; this indicates it is a large language model that checks for the probability of what words might come next in sequence. A large language model is a deep learning algorithm — a type of transformer model in which a neural network learns context about any language pattern. That might be a spoken language or a computer programming language.
OpenAI continues to update ChatGPT with faster, more capable AI models. In September, the company showed its next-generation model o1, which is optimized for complex reasoning in math and science. While o1 actually takes more time to process information than GPT-4o does, that slow and steady approach can produce more complicated code or mathematical processes. OpenAI o1 is available in preview to ChatGPT Plus and Team users.
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