{"id":44393,"date":"2023-06-30T06:40:10","date_gmt":"2023-06-30T10:40:10","guid":{"rendered":"https:\/\/centricconsulting.com\/?p=44393"},"modified":"2024-08-30T10:11:53","modified_gmt":"2024-08-30T14:11:53","slug":"executives-top-14-chatgpt-faqs-an-ai-curated-resource","status":"publish","type":"post","link":"https:\/\/centricconsulting.com\/blog\/executives-top-14-chatgpt-faqs-an-ai-curated-resource\/","title":{"rendered":"Executives\u2019 Top 14 ChatGPT FAQs: An AI-Curated Resource"},"content":{"rendered":"

Overwhelmed by questions about ChatGPT? So were we. So, we asked ChatGPT to help us sort it out and pulled the results into this FAQ.<\/h2>\n
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Our recent webinar, \u201cThe ChatGPT & AI Revolution: An Executive\u2019s Guide<\/a>,\u201d drew an unprecedented number of participants \u2014 and generated an unprecedented number of questions. We loaded over 80 questions into ChatGPT and asked it to consolidate them into broad ChatGPT FAQ categories.<\/p>\n

The categories and questions below are the results, with minor editing. We pulled these responses from the webinar transcript and our fellow AI experts<\/a>.<\/p>\n

AI and ChatGPT Fundamentals<\/a>
\n
AI Applications and Use Cases<\/a>
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ChatGPT Competitors and the Market<\/a>
\n
AI Tools and Integration<\/a>
\n
AI Policy, Ethics and Security<\/a>
\n
AI and the Work Environment<\/a><\/h4>\n
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AI and ChatGPT Fundamentals<\/h2>\n

Q: What is AI, and how is it defined in the context of ChatGPT?<\/h3>\n

A:<\/strong> Everyone’s definition of AI is a little different. One challenge in defining AI is that everything we’re doing now is algorithm based. But compared to other deterministic systems with a predefined set of requirements or a predefined outcome, AI is really good at finding patterns that we couldn’t find ourselves because there\u2019s too much data, too much noise. AI takes data, identifies patterns, learns from those patterns, and figures out which patterns are useful and which are not.<\/strong><\/p>\n

Within that broad category of pattern recognition, ChatGPT is an AI-powered large language model (LLM) based on GPT-4 architecture developed by OpenAI. Everyone is familiar with tools like autocorrect (type-ahead search), which predict the word you may be trying to type before you finish typing it. ChatGPT is a much more sophisticated version of that technology. It uses 1,536 dimensions for every word to identify language and create a response, not research that response.<\/p>\n

Q: What are some ChatGPT capabilities?<\/h3>\n

A:<\/strong> Unlike the search engines we\u2019re all familiar with, Chat GPT is conversational. You provide a prompt, and ChatGPT delivers a consolidated response as text (data), which is a huge productivity boost. Then, if the response isn\u2019t quite what you were looking for, you rephrase your prompt, and ChatGPT responds again, refining its answer based on the additional context you provide.<\/p>\n

ChatGPT\u2019s capability to understand language in context allows it to deliver results specific to many tasks. We’ve seen ChatGPT used for everything from coding applications and games to writing Excel formulas, creating content summaries or drafting almost any kind of business communication to helping you start a business, conducting competitive analysis or even developing new products.<\/p>\n

Q: What are some ChatGPT limitations?<\/h3>\n

A:<\/strong> Because ChatGPT creates responses rather than researching them, it can make mistakes or even generate false information, especially if used as a research tool. For example, in one recent case, a lawyer used ChatGPT to generate his legal brief, but ChatGPT created legal precedents that didn\u2019t exist, complete with plaintiffs\u2019 and defendants\u2019 names. ChatGPT was not being evil \u2014 it provided a<\/span><\/span><\/span>n output that looked like a valid brief, based on its training<\/span><\/span><\/span>.<\/span><\/span><\/span> The lawyer\u2019s job was to research<\/span> the <\/span>result<\/span>.<\/span><\/span><\/p>\n

The main point:<\/strong>\u00a0You need experts to produce legal documents.<\/strong> You must know the question you <\/span><\/span><\/span>are asking and <\/span>validate<\/span> the output before using it. If <\/span>you\u2019re<\/span> not <\/span><\/span><\/span>qualified<\/span><\/span> to <\/span>validate<\/span>, find someone who is.<\/span><\/span><\/span> In this example, the lawyer should have <\/span>validated<\/span> the cases ChatGPT provided in the brief. If he <\/span><\/span><\/span>had<\/span><\/span><\/span>, he would have realized they <\/span>didn’t<\/span> exist<\/span><\/span><\/span>.<\/span><\/span><\/span><\/p>\n

AI Applications and Use Cases<\/h2>\n

Q: Can you provide practical examples of good ChatGPT use cases?<\/h3>\n

A:<\/strong> People are discovering new uses for ChatGPT every day, and we are working on blogs to address use cases for specific industries and roles, like this one<\/a>. But a short list of what ChatGPT can help you do might include:<\/p>\n