Chatbot development cost1/7/2024 ![]() This allows ChatGPT to hold conversations and answer questions on a wide range of topics with high coherence and consistency.”ĪI chatbots could not have human-like conversations for years, and their capabilities were limited. It uses deep learning techniques to generate text based on the input it receives. In its own words, “ChatGPT is a state-of-the-art language generation model developed by OpenAI. OpenAI developed a natural language processing artificial intelligence model based on ‘Generative Pre-trained Transformer 3’ (GPT 3) technology. But when you look a little bit closer, it is so much more than that. What E xactly is ChatGPT, and W hat is the H ype about? However, before diving deep into the technical mumbo-jumbo, let us understand ChatGPT. We will also, in detail, guide you on the business and technical process of creating such a chatbot. Therefore, in our audience’s interest, we wanted to share our expert insight into how to make an app like ChatGPT and ChatGPT app development cost, which can be anywhere between $100,000 to $500,000 (more details later). We at Appinventiv were also amazed by the ripples created by ChatGPT in the tech industry. Businesses around the globe are inspired and awestruck by the prowess of ChatGPT, and most are looking to harness the technology for their organizations. Moreover, with Microsoft’s recent investment in ChatGPT (the third by Microsoft since 2019), even Google has declared a ‘code red’ anticipating an existential threat to its search business monopoly. From passing university-level exams to writing keynote speeches, from assisting marketers to helping programmers write and debug codes, no industry or domain is untouched by this AI revolution known as ChatGPT. ![]() The natural language processing (NLP) chatbot developed by OpenAI has shown the world how transformative artificial intelligence will be. Since its launch in November 2022, ChatGPT has shaken the technological world as we know it. ![]()
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