Share this article

What Is GPT-3 and Should We Be Terrified?

The internet is alive with demos of what the latest artificial intelligence language model can do. Should we be nervous?

Updated Sep 14, 2021, 9:33 a.m. Published Jul 20, 2020, 7:00 p.m.
(Franki Chamaki/Unsplash)
(Franki Chamaki/Unsplash)

The internet is alive with demos of GPT-3, the latest artificial intelligence tool to have you questioning the veracity of what you see online. Should we be nervous?

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Mastercard, Standard Chartered and PayPal all deepen their engagement with crypto
  • Japan inches closer to a central bank digital currency
  • The real estate “doom trade” opens up

Our main discussion: GPT-3

Generative pertained transformer-3 – or GPT-3 as it’s better known – absolutely took over the internet this weekend.

It’s a new AI language model that can do some truly incredible things, from writing poetry to composing business memos to generating functioning code from natural language descriptions.

In this episode of the Breakdown, NLW provides a 101-level overview of GPT-3, including:

  • What an AI language model is
  • Why AI for language is more difficult than image-based AI
  • The background of OpenAI, the Elon Musk-backed project behind GPT-3
  • Some examples of what GPT-3 can do
  • Why reasoning and narrative still elude the technology

See also: A Primer on the US and China’s 'New Cold War'

Reference posts:

GPT-3 Examples, a Twitter Thread

Jonathan Johnson on AI Language Models

Rob Teows: GPT-3 Is Amazing – And Overhyped

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Crypto stocks sink as spot volume plunges and bitcoin tumbles below $84,000

Stock market price charts (Anne Nygård/Unsplash)

Bellwether crypto exchange Coinbase was lower for an 8th straight session on Thursday to its weakest level since May.

What to know:

  • Already under severe pressure in January, most crypto-related stocks fell even further Thursday as bitcoin fell back below $84,000.
  • Spot crypto trading volumes halved from $1.7 trillion last year to $900 billion, reflecting cooling market enthusiasm and cautious investor sentiment amid macroeconomic uncertainties.
  • Those bitcoin miners who have pivoted business plans to AI infrastructure and high-performance computing continued to outperform.