Why ChatGPT is so popular and its impact on cryptocurrencies

Why ChatGPT is so popular and its impact on cryptocurrencies

Updated: 1 month, 6 days, 17 hours, 41 minutes, 16 seconds ago

Key points: ChatGPT is an AI chatbot. The user can enter any text and ChatGPT will generate the response text. ChatGPT is getting a lot of attention because it is easy to use and can generate responses quickly and it is completely free. For cryptocurrencies, it has a very important significance in education, improving blockchain development applications, and creating AI technology trends for cryptocurrency projects.

ChatGPT is the software that gets a lot of attention when the artificial intelligence technology has a new breakthrough. This is one of the technologies that may change people’s Internet usage habits in the future. So, let’s also find out what this technology is, where it comes from, its pros and cons, and its effects on cryptocurrencies.

What is GPT Chat?

ChatGPT is a chatbot system built with GPT-3.5 (Generative Pre-training Transformer 3.5), developed by the startup OpenAI. ChatGPT can be understood simply as an AI (artificial intelligence), and the special feature of this AI lies in the “huge store of knowledge” compared to other AIs.

In particular, the latest OpenAI language technology, GPT-3.5, currently has 176 billion parameters. The textual data alone has reached 570 GB, collected from a series of thoroughly researched internet articles, newspapers, online books and academic papers. with such a large data store, ChatGPT can fluently answer questions from various fields raised by users from finance to art, from design to programming.

Assessed by the world community as capable of operating and simulating person-to-person conversations almost as real, inaccurate information cannot be avoided. However, it is still impossible to deny the potential of this technology in the future when users start using this tool more, and perhaps this will be a competitor worthy of Google’s attention.

Who created ChatGPT

Why ChatGPT is so popular and its impact on cryptocurrencies

ChatGPT was created by OpenAI, a San Francisco-based research and development group consisting of two separate agencies: the non-profit organization OpenAI Inc. (OpenAI Inc.) and its for-profit subsidiary, OpenAI Limited Partnership (OpenAI LP). Initially, OpenAI started as an R&D initiative focused on investigating the potential of AI for the possible benefit of humanity (known as the “friendly AI” concept). Since its launch in December 2015, the organization has been led by top-tier tech entrepreneurs and investors, including Sam Altman, Elon Musk, and Peter Thiel.

ChatGPT was released to the public on November 30, 2022. In less than seven days, its number of users surpassed one million users, an unprecedented metric for apps. digital use. In mid-December, the service was down due to a serious traffic problem, but the team fixed the problem. In early January 2023, the platform introduced its first paid fee schedule and shared plans to launch the GPT-4 update by the end of 2023.

Operating principle

Why ChatGPT is so popular and its impact on cryptocurrencies

The operation of ChatGPT is quite simple when simulated in a Q&A conversation in a chat box. When the user asks a question, it predicts, analyzes and gives the answer. To be able to do this, the model had to undergo rigorous tests and controls.

in case the model is propagated incorrectly, the correct answer will be updated immediately. Thus strengthening the knowledge for the system and little by little more accurate information in the future. Thanks to this way of continuous learning, ChatGPT can grow and expand even more in the future.

As the field of AI develops and ChatGPT is like a fuse, it is about to set off a bombshell in the tech industry and have an impact on all sectors of the job market. This makes people curious and concerned about the effects that AI has on life.

Arguably the biggest advantage of ChatGPT is how easy it is to use and how can generate human-like responses extremely quickly and for free.

In fact, it can generate text in response to almost any prompt and on a wide variety of topics thanks to its varied training program. Meaning Millions of users have found a way to use ChatGPT to make their lives easier.

Therefore, ChatGPT is an exciting combination of accessibility and flexibility for all users, regardless of their level of technology expertise.

The necessary support of this technology will help raise the level of art in research areas such as natural language processing and machine learning.

Besides, It will shorten the data entry process and simplify operations in supply chain management, increasing work productivity.

The Impact of ChatGPT on Blockchain and Cryptocurrency

accept cryptocurrency

Why ChatGPT is so popular and its impact on cryptocurrencies

As for entering the cryptocurrency market, one of the hurdles that need to be overcome is rather complicated concepts. The force of ChatGPT is that it can give simple but equally accurate and complete answers.

ChatGPT can be useful for blockchain education, but inevitably some of its claims may still be false and misleading. Therefore, it must be used responsibly by content creators and researchers.

Help develop Blockchain

Why ChatGPT is so popular and its impact on cryptocurrencies

GPT Chat can help Blockchain developers in many areas such as develop smart contracts, tokens or DApps or conduct market analysis. can help users save time and effort and improve the quality of work. As blockchain technology continues to evolve, the use cases for ChatGPT in this area may also expand.

Why ChatGPT is so popular and its impact on cryptocurrencies

Overall, when the ChatGPT bot was announced, it had a positive impact on the tech market. As for the cryptocurrency market, tokens from AI development projects have had positive price actions of late. More specifically, tokens like FET, GRT, or AGIX have seen growth of more than 100% in recent times.

From the results, it can be seen that ChatGPT is the beginning of a trend in artificial intelligence that affects most projects related to the field of AI.


In the future, perhaps AI technology, more specifically ChatGPT, will bring a revolution in the way users use the Internet thanks to its ability to quickly aggregate information and various sources of information. However, this Chatbot still has weaknesses such as inaccurate information. Therefore, ChatGPT is compared to an effective support tool for industries rather than replacing people in those fields.

It is undeniable that ChatGPT is having more and more influence on Blockchain technology and the cryptocurrency market because it also provides a variety of tools for Blockchain developers and makes sense in cryptocurrency adoption. death in the future.

I hope the article is useful to you. If you have any suggestions, please leave them in the comments section below to make our article more comprehensive.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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