ChatGPT may Replace Jobs, kill the MBA Degree, affect College Applications and more

ChatGPT (Chat Generative Pre-trained Transformer) is a state-of-the-art language model created by OpenAI. It has the ability to affect jobs and change entire sectors, among other things such as text summarization, language translation, and creative writing. Artificial Intelligence (AI) and Natural Language Processing (NLP) could see one of the most significant effects (AI). A wide variety of AI-powered systems, including chatbots, virtual assistants, and other natural language interfaces, could benefit from the model's capacity to comprehend and produce human language. This might facilitate communication between companies and clients and information available to users. 

ChatGPT could be applied to the customer service industry to enhance chatbot capabilities and increase their efficiency in responding to consumer questions and complaints. Businesses may be able to cut costs as a result and enhance customer satisfaction. Its capacity to produce texts might be used to develop novel literary genres and new stories. This might revolutionise the publishing sector as well as the entertainment sector, where it could be used to create screenplays for motion pictures and television programmes. ChatGPT can additionally be used in the fields of research and education. It might be applied, for instance, to aid academics in the analysis of vast volumes of data or to assist students in understanding complex texts. 

According to Christian Terwiesch, a professor at Wharton's Department of Operations and Information Management, the chatbot ChatGPT outperformed several students on MBA tests at the Wharton School of the University of Pennsylvania, receiving a B and a B- on the test. Terwiesch said, "OpenAI's Chat GPT3 has demonstrated an amazing capacity to automate some of the skills of highly compensated knowledge workers in general and specifically the knowledge workers in the occupations held by MBA graduates like analysts, managers, and consultants." The chatbot might perform "professional responsibilities," according to the professor, like "creating software code and compiling legal paperwork." ChatGPT could replace human beings in writing-related tasks with its rapid and good content creation.

ChatGPT will affect jobs like copyrighting, consumer service, programming and content writing. The need of content writers in the market will be overtaken by software that can write marketing campaigns, advertising, social media posts, essays, and even blog articles. Even after regular business hours, ChatGPT can respond to consumer questions with speed and accuracy. This can lower the number of customer support tickets and increase customer satisfaction. Programmers with a lot of expertise may consider ChatGPT as a way to automate some time-consuming coding jobs, but this AI may threaten entry-level programming positions. ChatGPT can debug code, respond to coding inquiries, convert code between different programming languages, and more.

In conclusion, ChatGPT will revolutionise society. The potential advantages of ChatGPT are difficult to dismiss, despite the fact that the concept is still in its infancy and that there are ethical and societal consequences that need to be taken into account. It's an exciting moment to work in NLP, and interesting to see how models like ChatGPT and others may influence our planet in the future.