OpenAI & ChatGPT

WHAT IS CHATGPT?
ChatGPT is a natural language processing (NLP) technology that enables machines to understand and generate human-like conversations. It is based on the GPT-3 language model developed by Microsoft’s OpenAI platform and was designed to allow people to interact with AI bots in an informal way. ChatGPT allows users to ask questions and receive answers from an AI bot in a conversational manner, giving the impression that they are talking to an actual person.
Chatbots like GPT are powered by large amounts of data and computing techniques to make predictions to string words together in a meaningful way. They not only tap into a vast amount of vocabulary and information but also understand words in context. This helps them mimic speech patterns while dispatching encyclopedic knowledge on a given subject.
Other technology companies, like Google and Meta, have developed their own large language model tools, which use programs that take in human prompts and devise sophisticated responses. OpenAI, in a revolutionary move, also created a user interface that is letting the general public experiment with it directly.
WHAT ARE THE BEST USES FOR CHATGPT?
ChatGPT can be used to create natural conversations in chatbots and virtual assistants. It can provide users with automated responses that sound more natural than scripted ones. ChatGPT can also be used to generate content such as stories, jokes, and articles.
WHAT ARE THE POTENTIAL DOWNSIDE RISKS OF CHATGPT?
The potential risks of ChatGPT include data privacy concerns and the potential for malicious actors to use ChatGPT to spread misinformation or manipulate public opinion. Additionally, ChatGPT may not be suitable for all applications, as it is a generative model that is not trained on specific task-oriented data.
This could lead to inaccurate, biased, or inappropriate responses, which could be damaging to businesses or individuals. Another risk is that if AI technologies like ChatGPT are truly perfected, they could threaten many professions like journalism, law, and, as highlighted recently, helping students, academics, and yes, even politicians, plagiarize their assignments or presentations. Finally, ChatGPT may be vulnerable to adversarial attacks, meaning that malicious actors may be able to manipulate the model’s responses to their advantage.
HOW CAN CHATGPT IMPROVE OUR LIVES?
However, like any powerful tool, ChatGPT can also be used to improve our day-to-day lives. For example, it can help organizations with customer service by automating conversations and reducing the need to hire and train customer service personnel. ChatGPT can also be used to help individuals with tasks such as scheduling appointments and providing general information quickly and accurately. Additionally, ChatGPT can be used to increase engagement on websites and help businesses improve customer interaction. Finally, ChatGPT can be used to help researchers and organizations create more accurate natural language processing models.

CHATGPT DEVELOPER IS ALSO ONE OF DAC’S LARGEST HOLDINGS, MICROSOFT CORP. (NASDAQ: MSFT)
Microsoft, which developed ChatGPT through its OpenAI technology platform, has added ChatGPT tech to their recently updated search engine, Bing. The tech giant intends on adding this artificial intelligence (AI) software to its search engine amid Google’s announcing their plan to add similar tech to its service. Microsoft also plans on incorporating ChatGPT technology into their other software products, such as Microsoft Teams, a feature that instantly creates notes and highlights of meetings carried out within the interface.
To quote Satya Nadella, the software company’s chairman and CEO, “The race starts today.” He added: “This technology will reshape pretty much every software category that we know.” “AI will fundamentally change every software category, starting with the largest category of all – search. Today, we’re launching Bing and Edge powered by AI copilot and chat to help people get more from search and the web.”
THE FOLLOWING ARE RESPONSES WE ASKED CHATGPT
For additional context, we thought it would be helpful to provide a few examples of how ChatGPT responded to our basic questions.

Q: WHAT IS THE BEST WAY TO COOK A STEAK MEDIUM RARE?
A: The best way to cook a steak medium rare is to heat a skillet or grill over high heat. Once the pan is hot, season the steak with salt and pepper. Place the steak in the skillet or on the grill and cook for 3 minutes on each side. Then, turn the heat down to medium-low and cook for an additional 3 minutes on each side. This should give you the desired medium-rare doneness. Finally, let the steak rest for 5 minutes before serving.
Q: WHY IS THE SKY BLUE?
A: The sky is blue because of the way sunlight interacts with the atmosphere. When sunlight reaches Earth’s atmosphere, it is scattered in all directions by all the gases and particles in the air. Blue light is scattered more than other colors because it travels as shorter, smaller waves. This is why we see a blue sky most of the time.
Q: HOW CAN I AVOID NO-SEE-UMS?
- Wear long-sleeved shirts and long pants when outdoors.
- Avoid being outside at dawn and dusk when no-see-ums are most active.
- Stay away from stagnant water, like ponds, marshes, and wetlands.
- Apply insect repellent that contains DEET, picaridin, or oil of lemon eucalyptus.
- Install window and door screens on your home or use an air conditioner.
- Stay in well-maintained hotels and resorts that use insecticides to control no-see-ums.
- Avoid the use of scented perfumes, body lotions, and hair products.
- Place a fan near a window or door to create a breeze that will keep no-see-ums away.
This information is for illustrative purposes. Material presented has been derived from sources considered to be reliable, but the accuracy and completeness cannot be guaranteed. Nothing contained in this document may be relied upon as a guarantee, promise, assurance, or representation as to the future
Dividend Assets Capital, LLC (“DAC”) is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about DAC investment advisory services can be found in its Form ADV Part 2, which is available upon request.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses before investing. The Firm’s Investment Adviser Brochure, Form ADV Part 2, contains this and other information about the Firm, and should be read carefully before investing. You may obtain a current copy of DAC’s Form ADV Part 2 by visiting our website at dacapitalsc.com, emailing info@dacapitalsc.com, or by calling us at (866) 348-4769. Additional information about Dividend Assets Capital, LLC is also available on the United States Securities and Exchange Commission’s website at adviserinfo.sec.gov. You may search this site using a unique identifying number known as a CRD. DAC’s CRD is 129973.
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