ChatGPT, an artificial intelligence application released by OpenAI, has stunned users with its sophisticated ability to answer queries on a wide range of topics. According to recent sources, the chatbot beat TikTok to 100 million monthly active users. On Friday, the firm behind the popular chatbot completed a share offering that raised more than $300 million at a valuation of $27 billion to $29 billion.
The chatbot’s creator has reported that Italy has lifted its temporary ban on ChatGPT due to data protection concerns. Users in Italy can now again access ChatGPT. The OpenAI team is happy to have them back and is dedicated to protecting their privacy, the company stated in a statement.
The chatbot became an instant hit when it debuted last year because it could create various works based on user input, including essays, songs, examinations, and even news items. The ease of use and breadth of features provided by this Large Language Model AI tool gained the accolades of its users. However, some critics in the tech community have pointed out some issues with the way ChatGPT and similar services handle the data they collect. Italy, the first Western country to take action against the AI chatbot, was the first to do so in March.
The ChatGPT ban came after the country’s data protection agency found that the US business OpenAI, the platform’s developer, had a legal basis to justify the platform’s widespread gathering and storage of personal data for training the algorithms underlying its functioning.