Exploring Chatgpt: An Extensive Examination of its Background, Applications, Key Challenges, Bias, Ethics, Limitations, and Future Prospects

Abstract

ChatGPT, AI language model is one of the best examples of chatbot technology's to see a remarkable progress. ChatGPT's applications are used in various areas customer service, healthcare, and education. The review examines ChatGPT's origins, development, and underlying technologies. Furthermore, the review identifies and proposes potential strategies to address ChatGPT's critical challenges, including ethical and data bias concerns. .A future review of ChatGPT explores avenues for research and development, emphasizing human-AI interaction with other technologies, and bridging the digital divide. We have provided valuable insights into the rapidly evolving landscape of AI-driven conversational agents in this review. Additionally, the study discusses how ChatGPT facilitates the generation of hypotheses, collaboration, and public outreach in scientific research. A balance must be struck between AI-assisted innovation and human expertise in the paper, as it also considers ethical concerns and challenges associated with ChatGPT's use in research. It acknowledges the existing ethical issues in computing that ChatGPT can exacerbate by highlighting the biases and limitations of the tool. It is amazing how ChatGPT has quickly attracted major attention from academics, research, and industries despite the challenges and ethical concerns.

Keywords: AI, ChatGPT, Application, Education, finance and banking