Document 5
Document 5
1. Accuracy Issues:
o ChatGPT generates inaccurate information around 20% of the time
("hallucinations").
o It cannot cite sources, making verification difficult.
o Longer responses often lack coherence or contain contradictions.
2. Limitations in Coding:
o Effective with simple code but unreliable with complex coding tasks.
o Banned from Stack Overflow due to inaccuracies in code generation.
3. Outdated Knowledge:
o ChatGPT's training data only goes up to 2021, making it unable to address current
events.
4. Bias Concerns:
o Reflects biases from its training dataset, potentially underrepresenting
marginalized views.
5. Computational Costs:
o ChatGPT is expensive to operate, costing about $100,000 daily during the free
research preview phase.
o A subscription plan ($20/month) has been introduced, with future business
models likely.
6. Privacy Concerns:
o As a free version may not be sustainable, there are concerns about monetizing
users' private data.