The chatbot market has grown at an unprecedented rate in recent years. With the launch of ChatGPT-4, AI technology is poised to take another giant leap forward. The GPT-4 model is expected to be the most powerful and advanced language model in existence, capable of processing up to 25,000 words of text — eight times more than its predecessor, ChatGPT-3.
Here’s everything you need to know about how ChatGPT-4 and may impact your small business.
What is ChatGPT-4?
ChatGPT is a language model that uses machine learning to interpret data and generate responses. OpenAI released an upgrade to their GPT-3 model to achieve GPT-4 on March 14, 2023. This new version is expected to have over 175 billion parameters, which will result in more accurate and focused responses.
GPT-4 is not yet widely available, but it is accessible to ChatGPT Plus subscribers ($20 per month) and developers using ChatGPT API. Ultimately, ChatGPT-4 is expected to provide even more creative solutions and drive innovation in the field of chatbots and AI.
How Is ChatGPT-4 Different From ChatGPT-3?
One of the most significant upgrades with GPT-4 is the addition of multimodal functionality, allowing it to handle not only text inputs but images as well. Additionally, there have been rumors that the latest iteration of the model has improved conversational abilities and sounds more human.
Another significant change in the GPT-4 model is the ability to process image outputs. Although this feature is currently in development, it would allow GPT-4 to respond to image inputs with rich media of its own. Eventually, ChatGPT-4 will be able to provide images, videos, and even create websites from handwritten code in images.
You can use ChatGPT-4’s many features to improve customer touch points for your small business. For instance, you can improve customer engagement by providing more accurate and focused responses to customer inquiries.
ChatGPT-4 can also help with search engines. Microsoft Bing used ChatGPT-4 in secret to augment its performance and create a more user-friendly experience. This technology will soon be available to other search engines.
What Will ChatGPT-4 Do For Small Business Owners?
The launch of GPT-4 is still in its early stages, but the future of AI chatbots and language models looks promising. Developers are already working on integrating GPT-4 into their products, and we can expect to see more creative and innovative solutions in the coming years.
All in all, it’s obvious that ChatGPT-4 is a powerful tool with plenty of potential applications. This tool is set to revolutionize the way we engage with technology — and its benefits, while impressive, are not yet fully realized. As the technology develops further, we can expect to see even more creative and innovative solutions that forever change the way we interact with machines.
If you’re interested in learning more about ChatGPT-4 and want to speak with an expert, don’t hesitate to reach out to Nathan Misirian, a Google search marketing expert and head of Autumn Consulting in Naples, FL. Email him directly at wow@autumnconsult.com to inquire about the power of AI in business environments.
