Have you heard about the latest AI-powered chatbot in town? It’s ChatGPT, and it has been creating quite a buzz lately. People are using it for a variety of purposes, from having fun to getting their work done.
And guess what?
The creators have come up with an even better version of this powerful tool – GPT-4.
As someone passionate about AI tools and their contributions to online businesses, I was eager to learn more about GPT-4’s features and potential risks. So I did some digging, and here’s everything I learned.
What is GPT-4 and What’s New?
GPT-4 is the upgraded version of ChatGPT, a program powered by Artificial Intelligence. The new and improved version comes with exciting new features.
1. Multimodal Chatbot
The major new feature in GPT-4 is that it’s a multimodal chatbot that can generate content from both images and text prompts. This means that users can now provide an image as a prompt for the chatbot, and it will generate a response based on the image provided. This is a significant upgrade from its predecessor, ChatGPT, which only processed text. How cool is that!
2. Website Creation and Code Generation
Another impressive feature of GPT-4 is its ability to create websites from hand-drawn mock-ups. This feature saves developers considerable time and effort by automating the website creation process. GPT-4 can analyze the mock-up and generate a real website based on the user’s specifications.
GPT-4 can also write code in all major programming languages. This is a game-changer for software developers as they can save time and effort by using GPT-4 to generate code for their projects. It can analyze the requirements and specifications provided by the developer and create a working codebase in a matter of minutes. This will be particularly helpful for programmers new to a particular programming language and needing assistance writing code.
Increased Word Generation Capability
GPT-4 can read, analyze, and generate up to 25,000 words of text, 8x more than the previous version. This increased capability makes GPT-4 even more valuable for tasks that require large amounts of text generation, such as writing reports, articles, or academic papers.
GPT-4 is said to be a breakthrough in problem-solving capabilities. It can analyze complex problems and generate solutions quickly and efficiently. This feature will be particularly helpful for businesses and organizations needing to solve complex problems quickly.
Tax Calculation Assistance
Finally, GPT-4 can assist individuals in calculating their taxes. This task can be time-consuming and complex, but with the help of GPT-4, it can be simplified. The chatbot can analyze the relevant financial information and generate accurate tax calculations, saving individuals the hassle of doing it themselves or hiring an accountant.
This feature will be particularly helpful for individuals who are self-employed or have complex tax situations.
That’s not all, folks!
According to OpenAI, ChatGPT users will soon have the option to modify the chatbot’s tone and style of responses, making it even more customizable for individual preferences. This feature will allow users to tailor the chatbot’s responses to their needs, making it more efficient and effective.
Want to Have a Detailed View of GPT-4 Features? Refer to this view.
Who Can Access GPT-4?
GPT-4 is currently accessible only to ChatGPT Plus members and software developers.
The $20-per-month subscription plan, which promises priority access to new features and enhancements as well as faster response time, was introduced in February 2022.
While the latest version can understand and process both text and image, only the text input feature is available as of now. The image input ability is yet to be publicly available.
To access the GPT-4 API, you must sign up for the waitlist.
What are the Limitations of GPT-4?
Despite its impressive capabilities, GPT-4 does have limitations.
It’s not on the same level as us humans when it comes to handling real-life situations.
One of the challenges many AI programs face is giving inaccurate responses or harmful advice. Unfortunately, GPT-4 poses a similar risk. It still needs to be completely dependable because it still makes reasoning errors.
Another limitation of GPT-4 is that it needs to learn more about things that have happened after September 2021.
Why, you ask?
Well, that’s because the data it was trained on only goes up until that point in time. This means it may not be able to provide the most up-to-date information.
GPT-4: Potential Risks & Effects
As with any new technology, there are potential risks associated with GPT-4.
One of the biggest risks of using GPT-4 is the potential for misuse by bad actors. Because the AI chatbot can generate large amounts of text, it could be used to spread misinformation or propaganda. This could lead to the creation of convincing fake news or social media posts, which could be used to manipulate public opinion.
Another potential risk of GPT-4 is its impact on the job market. As the chatbot becomes more advanced, it could potentially replace human workers in certain industries. For example, it could automate content creation for news outlets or marketing agencies, leading to job losses.
There is also the risk of GPT-4 being used for malicious purposes, such as cyber-attacks. The AI chatbot’s ability to write code in all major programming languages could potentially be used to create viruses or malware, posing a cybersecurity threat.
OpenAI, the company behind ChatGPT, has been making progress on every aspect of the plan that was laid out in their post regarding the definition of AI behavior.
The company has implemented safeguards in GPT-4 to minimize the risks we discussed above.
- Reduction of Disallowed Content: GPT-4 is 82% less likely to respond to requests for disallowed content than its predecessor.
- Improved Factuality: GPT-4 scored 40% higher on certain tests for factuality, which means that the AI chatbot is less likely to answer questions on, for example, how to build a bomb or buy cheap cigarettes.
CAUTION: OpenAI cautions that while eliciting bad behavior from GPT-4 is harder, doing so is still possible. It’s important to use the AI chatbot responsibly and monitor its responses.
After researching and exploring GPT-4, I’m fascinated by its capabilities and potential to change the game for content generation and problem-solving. Its impressive ability to process text and image input opens up many possibilities.
However, I also recognize that GPT-4 has limitations and potential risks, such as giving inaccurate responses or harmful advice.
As with any new technology, it’s essential to approach GPT-4 cautiously and ensure its development is ethical and responsible. While the future of AI and Chatbots is exciting, we must remain vigilant about their use and potential impact on society.
Nonetheless, I’m excited to see how GPT-4 and similar innovations will continue to evolve and improve in the future.
Keep an eye on this technology and how it could potentially transform various industries, including the internet search business, which Google long dominates.