New AI Chatbot Emerges As Potential Rival, Sparks Debate Over ChatGPT’s Future

The debut of OpenAI’s conversational chatbot ChatGPT, which caused quite a stir on the internet, is likely the most important advancement in the field of artificial intelligence (AI) that took place in recent years. Within just a few short months, approximately one million unique users are having conversations with the AI bot, which–in addition to providing answers to normal questions–can explain codes, scientific concepts, produce basic academic essays, and even write scripts for horror movies.

ChatGPT’s Major Drawbacks

Yet with all of the beneficial features that AI ChatGPT provides, it’s not devoid of its own negatives, some of which are rather well-known to the general public at this point in time. One of the major drawbacks is the lack of ChatGPT’s access to the internet which prevents it from providing data in real-time. It is only capable of fetching data that was provided to it back in 2021 when it was under development.

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In addition, despite the fact that it’s run by artificial intelligence, ChatGPT is controlled by OpenAI, the company behind it. Moreover, it’s also subject to the constraints that are imposed by usual internet community standards. For instance, in certain circumstances, the AI chatbot won’t be able to respond to your queries or will deem them unfit as they seem unethical or beyond the scope of what it is allowed to answer.

Growing ChatGPT Rivals

Now, there have been spurts of new competitors in the market that have tried to rival the leading AI chatbot. Google only recently made public its Bard AI chatbot, which is rumored to be one of the most intelligent in the industry but is presently available to a select group of testers.

Despite the introduction of these brand-new chatbots, the fundamental nature of the problem has not changed. Majority of these ChatGPT AI alternatives will still not be able to overcome the existing issues holding back ChatGPT from progressing. This is due to the fact that most of them are managed by organizations and will therefore be bounded by such restrictions.

Crypto’s Answer To ChatGPT?

However, there is still reason to be optimistic and this time it’s not coming from blue-chip businesses but from the stables of Web3 and crypto. CryptoGPT, which claims to be powered by “decentralized AI” is integrating AI with the privacy and security offered by blockchain technology, according to its website. Furthermore, based on the information gathered, the team behind CryptoGPT has been working on the product since mid-2022 and its native token, GPT, runs on the zkRollup protocol. 

ChatGPT is the fastest growing app in human history.

It was first to create an AI app that retail can use.

But ChatGPT is funded privately – you can’t get a piece of OpenAi.

Until now @CryptoGPT_org, decentralizes AI, launching $GPT token

pic.twitter.com/f2t4rD2OnS

— CryptoGPT (@CryptoGPT_org) February 15, 2023

Although not verified, but CryptoGPT reportedly has apps with 2 million users, becoming the only AI platform to come close to ChatGPT’s success. Additionally, a look at their roadmap reveals plans for a NFT collections launch, and a token generation event planned sometime soon through a crypto launchpad.

As things are right now in the cryptocurrency market, AI-related coins like SingluarityNET (AGIX), Ocean Protocol (OCEAN) and Fetch.AI have demonstrated considerable price increases, with The Graph’s (GRT) price leading the sector by a whopping $1.5 billion market capitalization. And in recent times, in order to capitalize on the current interest in artificial intelligence (AI), many major cryptocurrencies have been seen attempting to ride the AI bandwagon in hopes of gaining more exposure.

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