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Saturday, May 18, 2024

Will ChatGPT kill search and pave the way for Web3? - Verdict

Last updated Wednesday, December 21, 2022 23:05 ET , Source: NewsService

Despite ChatGPT requiring users to provide an email address or link themselves to a Google account—because the OpenAI API requires users to authenticate their identity as a security measure—some are touting ChatGPT as a (decentralized, privacy-preserving) chatbot, search engine, and personal assistant hybrid, much in keeping with the ideals of Web3.

Though the impact of ChatGPT is yet to be fully realized, the avenues it has and will continue to open highlight that the future of Web3 will depend on things other than Web3-specific technologies.

ChatGPT could revolutionize search

ChatGPT is a chatbot developed by OpenAI (founded by Elon Musk and backed by Microsoft), designed to generate human-like text based on the input provided, in a variety of languages. It does not have personal experiences or physical sensations and does not have the ability to browse the internet or access new information. It can only provide information and assistance based on its supervised learning and reinforcement learning training and the information that it has been programmed to understand.

The cut-off for training data was in 2021, so any events after that will not be part of the training and the model will not be able to tell us about them with any accuracy. Though it is powerful enough to combine natural language processing (NLP) with task automation, as evidenced by it gaining more than a million users in the five days after its initial launch, it could not tell us who won the 2022...



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