gpt-3

Commercial Applications of GPT-3

GPT-3 is Open AI’s latest natural language prediction model. With the emergence of Artificial Intelligence (AI) in the business landscape, this is one of the tools that will quickly increase in popularity. The Generative Pre-trained Transformer 3 offers limitless access to computing on top of its cloud infrastructure, promoting scalability. Nevertheless, GPT-3 should be the next big thing in tech. Following the rise of deep learning, advanced technology will transform how business gets conducted globally.

What is GPT-3?

The Generative Pre-trained Transformer 3, also known as GPT-3, is developed by OpenAI, a San Francisco startup founded by Elon Musk. The GPT-3 is an extensive neural network formed from the deep learning segment of machine learning technology. Machine learning is the extension of artificial intelligence (AI), which uses computer algorithms to automate specific actions. The latest version of GPT offers advanced features that produce lines of text that come off as something created by humans. Imitating human-like actions, this provides a personalized approach to transactions and crucial business decisions.

As a result, a growing number of commercial industries found the potential of leveraging GPT-3 to automate mundane tasks. GPT-3 prompts a generated response to any text that the person enters into the computer. It creates a reaction following the information presented.

For instance, typing a string of statements into the search box can respond within the given statement’s context. GPT-3 has the potential to amplify human effort in a variety of situations. It can be applied in different business processes such as customer service, documentation, and producing various content.

Interesting Ways GPT-3 Is Used in Commercial Applications

GPT-3 can help businesses accomplish mundane, repetitive tasks. For instance, developers can build a tool that generates various layouts for the design required in different situations. It can also simplify programming by translating natural language into SQL queries. Formulating complex spreadsheets, building complex CSS, or even deploying Amazon Web Services (AWS) instances, GPT-3 can get applied in almost any business process.

The novel applications mentioned above can automate simple tasks helping employees focus on value-adding projects.

However, the commercial applications that businesses can take advantage of using GPT-3 are even greater.

Let’s take a look at some of them below:

Automate Translation of Various Documents

The automated translation of large volumes of documents from various languages can bring many opportunities to businesses. Apart from streamlining the delivery of services, they can increase their capacity outside the country. GPT-3 can learn over 499 billion words of different languages to produce translations at a given time seamlessly.

As we all know, some statements can get lost in translation even when every word gets translated correctly. Each language has sayings and context that controls the conversation. With GPT-3, that context is taken into consideration to understand further what the statement means.

Priming AI to Deal with Data

One of the applications of GPT-3 that businesses find exceptionally fascinating is priming AI to respond to English inputs with structured data output like JSON or XML. Through this feature, developers can take advantage of its machine learning capabilities to comprehend the theorems and their underlying structure. While it can produce answers to mathematical questions with the highest accuracy, it also considers those values’ context. This consideration provides better results and can help the advancement of the research promptly.

Programming Without the Use of Code

Without the need for manual intervention, GPT-3 generates structured data for developing specialized programs and software. Eliminating the need for writing algorithms using traditional programming languages allows some developers to embrace natural languages. Adopting natural languages becomes vital to prime the AI. Although it does not require expert skills in coding, this opens up new opportunities needing unique skills to expand software development jobs.

Generate Automated Regex

Composed of a sequence of characters that define the search pattern, Regex is vital in creating string-searching algorithms. Through GPT-3, developers can acquire Regex for various use-cases. All you need to do is type the Regular expression that you wish to generate in plain English. You have to enter an example string to help GPT-3 develop relevant Regex in a matter of seconds.

Create a Clone of a Website

GPT-3 works with the UI and UX designer application called Figma to create clones of a website. Cloning websites is necessary to test the updates and the compatibility of certain features safely. This breakthrough in designing websites and generating robust tools can boost their functionalities. All you need to do is to input the URL of the website to produce its clone.

Produce Quizzes and Tests

Now that most of the classes became online, most teachers and students find it challenging to manage their time in the middle of the pandemic. A quiz generator powered by GPT-3 can ease their burden and also improve learning. It produces test questions of different topics and subject matter for students to answer. It also contains a thorough explanation of the answers to help students understand how they find the result.

Formulate Unique Animations

Among many other things you can create from GPT-3, production companies leverage this tool to automate animations. GPT-3 combined with a Figma plugin can produce frame-by-frame animations and a text prompt. It can also formulate 3D scenes with the help of the three.js Javascript API. All you need to do is enter the details of the location that you desire to create and take care of the rest.

Automate Documentation

Even though you don’t have prior accounting knowledge, it is possible to generate financial statements using GPT-3. This tool transforms natural language into Python code to automate balance sheets.

The Future of GPT-3

Everything that involves a particular language structure can get automated through GPT-3. From answering queries, producing content, summarizing a long string of texts, translating languages, to programming code, there are multiple ways for businesses to leverage this tool.

Overall, GPT-3 helps businesses get a few steps ahead into providing a future that makes business data and communication much more manageable. After all, communicating effectively is one of the best business tools, and GPT-3 makes that communication more accessible.

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Published by

Gennaro Cuofano

Gennaro is the creator of FourWeekMBA which reached over a million business students, executives, and aspiring entrepreneurs in 2020 alone | He is also Head of Business Development for a high-tech startup, which he helped grow at double-digit rate | Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy | Visit The FourWeekMBA BizSchool | Or Get The FourWeekMBA Flagship Book "100+ Business Models"