Is GPT-3 the big leap forward for AI?

Artificial intelligence (AI) has made enormous progress over the past decade. But we've never seen AI researchers as giddy with excitement as they are now. A new system named GPT-3 is blowing minds, left, right and centre. So what is GPT-3 and what does it do? The GPT stands for "generative pre-training" and it's a language model, which means that it processes text.