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ChatGPT is a groundbreaking technology in the realm of artificial intelligence and natural language processing. It is a successor of GPT-3, which was released in June 2020 and boasted 175 billion parameters. ChatGPT was designed to generate human-like text based on the input it received and was fine-tuned to excel in conversational interactions. It introduced several key features, such as improved conversational abilities, natural language understanding, and context-aware responses.