What is GPT-3 and Why Does it Matter?

The recent hype surrounding Generative Pre-trained Transformer 3 (GPT-3), the new artificial intelligence (AI) based natural language processing (NLP) model, is worth observing, particularly from the enterprise front. Both keen observation and casual look-see applied to this latest language model that generates human-like written content are worth your time and effort. It can also show you that the hype is real. However, like every technological innovation, GPT-3 has its shortcomings, yet it is a great leap for AI. In May 2020, OpenAI, an AI research lab founded by Elon Musk, launched the latest version of an AI-based Natural Language Processing system named GPT-3 that can mimic human language.