ChatGPT’s Awe-Inspiring Real Estate Uses Have Plenty of Limitations, Too

Unless you’ve been living off the grid for the past few months, you know the enormous hype about ChatGPT. The chatbot launched by San Francisco-based OpenAI in November garnered more than one million users in less than a week and has people excited and even a bit scared. It has been deemed the best AI chatbot ever released to the general public that, according to one writer, is part of the generative AI eruption that “may change our minds about how we work, how we think, and what human creativity really is.” 

Google may be the company most concerned about ChatGPT. The chatbot is seen as a real threat to its search engine business, prompting Google to issue a “Code Red” within the company. OpenAI, the artificial intelligence startup with strong backing from Microsoft, is reportedly valued at $29 billion after the chatbot’s release. ChatGPT has plenty of limitations, which we’ll touch on later, but its ability to provide detailed responses in real time across several knowledge domains is impressive. The chatbot is already making waves in the real estate industry, according to many of the professionals I spoke with.

ChatGPT (Generative Pre-trained Transformer) is built on top of OpenAI’s GPT-3 family of large language models. It has been fine-tuned with supervised and reinforcement learning techniques. Large language models are a type of machine learning trained to comprehend the meaning of words from enormous amounts of text data pulled from the internet. Language models are nothing new and something we interact with

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