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ChatGPT is a generative AI chatbot that has been designed to tackle the complexities of economic development. It uses unsupervised learning, which does not rely on labelled data, to predict the next word of the text used to train it. This simple learning process has enabled ChatGPT to perform highly complicated tasks, such as passing the bar exam with a better score than most high-performing law students. The impressive power of this process lies in its ability to develop a nuanced understanding of context, grammar, syntax, style, and more.
