What Are GPT-3 Chatbots, and How to Profit Implementing it For Your Project

Technology is getting more advanced every year. AI draws pictures now, creates sitcoms, writes music, and talks to people about complicated topics. But how to use such tech to gain business benefits?

Enter OpenAI GPT-3 AI chat bot. It’s one of the most sophisticated choices nowadays with 175 billion parameters. Want to know more? ProCoders has prepared a full guide for you.

Some of the largest corporations in the world such as IBM, Google, Microsoft, and Samsung, invest in artificial intelligence studies and improvement. Not to mention the chatbot industry may grow to as much as $454.8 million by 2027. And you can use the results of that research and hard work in your apps and tap into the money stream of the market, increasing profit!

Key takeaways:

• The OpenAI GPT-3 AI chatbot is a sophisticated language processing system that can understand the context of messages, generate coherent answers, translate texts, write code, and more.
• Such a bot can be used for copywriting, translation, search, customer support, and other elements necessary for any business.
• The business benefits of OpenAI’s chatbot include faster time to market, easier expansion, and improved customer experience.
• NLP or natural language processing systems such as GPT-3 have a great future. As the tech becomes more advanced, such bots become reliable helpers for the translation sector, potentially removing barriers for different language speakers in the future.

What Are GPT-3 and ChatGPT, and What Are Their Capabilities?

Here are some things you need to know to start:

• GPT-3 or Generative Pretrained Transformer 3 is an artificial intelligence created by OpenAI
• A chat with GPT-3 is a bot that can create text and simulate real talk with a person, translate speech, etc. 
• It has 175 billion parameters that make this model one of the most advanced you can find for business use.

You can utilize it to automate customer service, providing a tremendous range of answers to the most popular queries, lowering costs for human operators, and making support faster than ever.

The GPT-3 chatbot with AI can also :

• Comprehend human speech, either the voice or text, and react to it with a necessary response. 
• Recognize conversations’ contexts and generate predictions.
• Recognize the most important words in sentences.
• Summarize large texts
• Write essays
• Translate text
• Create coherent speech even from several prompted words, etc.

Not only that, the bot used a short prompt to write a decent Python code, with far exceeded expectations and even raised concerns.

ProCoders doesn’t share the concern, as web developers for hire have the one thing AI doesn’t – a human brain with its intuition and out-of-the-box thinking. Some tasks can only be done by real people.

And how does the GPT3 chat bot work? Even if you’re a non-technical founder, it’s important to know how emergent tech works to understand what your project needs and what will just make it heavier.

How Does the GPT3 Chat Bot Work?

Machine learning based on millions if not billions of patterns allowed for the creation of a neural network that is fluent in human languages. When talking to the bot, you may not even realize it’s not another person answering your question, so fluent the algorithm is.

One more important thing about the work of the bot – it’s not connected to the Internet. Its base of knowledge was created beforehand using website and book information. The tech was created as a language processing system, so the connection to the World Wide Web isn’t necessary.

This is both good and bad news: 

• The good one is that it can work offline. 
• The bad one is that the database is until the year 2021. In that time, a lot has changed in the world, which the bot has no knowledge about.

So, the next question is how you can use the GPT3 bot for your business. Is it even necessary? Based on ProCoders’ real experience, we’re ready to provide a list of industries where such a bot can be quite useful.

In What Business Areas Is It Profitable to Use the GPT AI Chatbot?

Here are some of the most perfect matches where users can talk with GPT-3 tech.

Programming

The bot was successfully used for writing frontend code. So, while a human look is necessary for assigning the right tasks to the bot and checking them, GPT-3 can make a coder’s life easier.

Copywriting

GPT-3 knows not just how to talk but how to write coherent essays. So, one can say that copywriters’ lives may become much easier by using such tech, enabling your business to take on more workload and generate more revenue.

While proper editing and some types of writing are still only manageable with a human hand, you can utilize AI for some easier tasks.

Translation

You may have a business in the translation sector or just want to create a website in a new language to target a new market. In both cases, your company can benefit from an in-built talkative GPT-3.

The bot has successfully translated large texts without losing coherence, allowing human translators to focus on more important tasks like working on documentation tasks that may be difficult for AI to interpret.

AI-based voice consultants

If your company uses any kind of customer support or consultation, OpenAI GPT-3 can make it:

• Faster
• More engaging
• More resultative

By generating top-notch replies with all the needed information that is easy to read, such a tech consultant can draw more customers and improve your reputation.

How to talk to GPT-3? Just use your mobile’s microphone or keyboard to ask a question and get a comprehensive response from artificial intelligence.

Search for information

Did you know that Microsoft may consider integrating the GPT-3 chat online within their Bing search engine? If you have any element of information search in your app that’s crucial for your business, definitely consider the bot.

If your business matches one of the descriptions or even has any of the aforementioned elements, the OpenAI GPT 3 chatbot should definitely be on the list of tech to use for your app.

Marketing

ChatGPT can be used in marketing in several ways, such as:

Chatbots: ChatGPT can be integrated into chatbots, providing conversational AI experience to customers.

Personalized recommendations: ChatGPT can generate personalized product recommendations for customers based on their previous purchase history and preferences.

Customer service: ChatGPT can assist customers with their inquiries and support them in real-time through a conversational interface.

Content creation: ChatGPT can generate marketing content such as product descriptions, email subject lines, and social media posts.

Sentiment analysis: ChatGPT can analyze customer feedback and categorize it as positive, negative, or neutral, allowing companies to track customer satisfaction.

Once upon a time, there was a company that wanted to understand their customers better and make informed decisions about their products and marketing strategies. They realized that the traditional methods of market research, such as surveys and focus groups, were time-consuming and often resulted in limited and biased data.

That’s when they discovered ChatGPT and the potential it had for market research. They started by integrating ChatGPT into their chatbots to provide a conversational AI experience for their customers. The chatbots were able to assist customers with their inquiries and support them in real-time, providing the company with valuable data on customer behavior and preferences.

Next, the company used ChatGPT to analyze customer feedback and categorize it as positive, negative, or neutral. This allowed them to track customer satisfaction and identify areas for improvement in their products and customer service.

To gain further insights into customer needs and preferences, the company used ChatGPT to design and analyze customer surveys. ChatGPT was able to analyze the large amounts of survey data and provide valuable insights into customer behavior and market trends.

The company also used ChatGPT to analyze competitor data and provide insights into their strategies and market position. This allowed them to stay ahead of the competition and make informed decisions about their own marketing strategies.

Finally, the company used ChatGPT to generate personalized product recommendations for customers based on their previous purchase history and preferences.

A Custom Learned GPT-3 Models

Customer Service: GPT-3 can be integrated with chatbots or messaging platforms to handle customer inquiries and provide real-time information on shipment status, delivery dates, and other related details.

Freight Quoting: GPT-3 can be trained to generate accurate and competitive freight quotes based on inputs such as origin, destination, shipment size, and shipping date.

Carrier Matching: GPT-3 can be used to match the right carriers to shipments based on factors such as delivery time, capacity, and cost.

Document Generation: GPT-3 can be utilized to automate the generation of shipping documents such as bills of lading, invoices, and packing slips.

Route Planning: GPT-3 can be integrated with route optimization software to provide the most efficient shipping routes and schedules.

Depending on the specific needs and requirements, more customized solutions can be developed by our highly skilled developers 💪🏻

Business Advantages and Disadvantages of the OpenAI GPT 3 Chatbot

Aside from the technical stuff, we know how important it is to understand the business benefits of any tech that’s recommended for your business. Why should you use an OpenAI chat bot? How can it increase your revenue and improve your reputation?

Potential faster time to market

Using your OpenAI chatbot online for creating a website layout, coding some easy features, writing marketing copy, creating blog articles, etc. can make your product’s time to market faster. 

Process automation is what every business needs nowadays to catch up with the world and meet user requirements.

Customer experience improvement

Using a customer support bot will help you save money and provide immediate, around-the-clock help to potential clients. Such attention to their request may become one of the factors for them to buy from you instead of a competitor and recommend your brand to a friend. A bot for customer support creates better experience and, therefore, a better revenue.

For example, if you own an online retail store, creating a consultant based on the chatbot can help potential buyers choose sizes, combine clothes to look better, choose proper colors, etc.

Cost-efficiency

By integrating AI into your customer support system, for example, you can save money and effort on hiring real operators, paying double for night shifts, etc. A chatbot can answer questions 24/7, and if the concern is way too specific, you can program the dialogue to end with “Our operator will contact you tomorrow morning to specify the details”.

Market expanding

Due to the ability of the bot to translate into different languages, it becomes easier to enter new markets and expand your business. Providing customer support and product description in the language of the country you promote the company in will increase your chances of success.

This sounds amazing, but what about the future? Integrating artificial intelligence may be quite an investment, but will it pay off? Let’s see the facts.

Future Growth of the GPT Chatbot

The future is very promising for the GPT bot, as well as for the following NLP system updates. Such technology can be very helpful for business growth, allowing you to remove language barriers with people from other countries.

The same process is beneficial for all kinds of conferences and other international meetings. The quality of translation will become more precise, so miscommunications will decrease, as well as the problems that often follow such mishaps.

Wherever book, study, and article summaries are needed, language processing will also be useful. Chatbots like GPT-3 will quickly render the text and create summaries to help readers better understand certain topics. (If you want to learn more, check out our article on Claude2 comparison)

Improving our ability to process information is another of the myriad of benefits AI technology already brings and will continue to bring in the future.

How Can ProCoders Help to Use GPT Chat for Your Project?

ProCoders is a staff augmentation company. This means we can provide you with a developer for nearly everything on short notice. If the specialist your project needs isn’t engaged in any other development process, you can start working in 2 days or less!

So, if you’re looking for someone to integrate the newest technological advances like AI chatbots, or to build a React Native chatbot for your mobile and web apps, there’s no one better to go to.

And even if you’re not sure if you need any of these sophisticated solutions, our Discovery Phase can solve the riddle for you. Talented analysts with years of experience with ProCoders will study your business project and see where you may or may not need a chatbot.

Companies choose us for implementing their innovative ideas because:

• We value honest communication and are always transparent when it comes to the details of the project, our pricing, and the work that needs to be done.
• We have developers already on board, so you may start creating your app or upgrade it in days after contacting us
• We take time to study your project and its needs, correlating your tech requirements with the business ones.

Our customers speak for us. Check out our Clutch page to find out more, and let’s talk about the possibility of integrating an AI bot into your future or existing product!

Conclusion

The chatbot with AI capabilities by OpenAI is a true finding for business owners. Although its database dates back to 2021, the tech can:

• Process language and give out specific answers, understanding the context of each question
• Create web page and app layouts with programming languages, making the work easier for developers and potentially speeding up time to market
• Improve customer support by keeping coherent conversations with your buyers, and more

In the future, NLP systems will become an integral part of our lives, erasing language barriers and allowing for a better understanding of complicated topics due to translation and summarizing.

Ride this wave with ProCoders! If you’re ready to implement new features with an AI bot, let us find the right developer for you!