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the world of artificial intelligence is on the brink of a new era as open ais chat GPT technology enters the market the Revolutionary system which relies on open ais generative AI software has already drawn attention from Fortune 500 companies and inspired other businesses to build applications atop its technology Chad GPT is short for conversational generative pre-trained Transformer enables users to ask questions and receive answers through simple queries this groundbreaking form of interactive AI establishes a new standard in natural language processing which allows users to interact with machines just like they would another human being since its launch in 2020 it has attracted over a million users who have come to rely on the service for their daily queries Microsoft has quickly become a key benefactor of openais Technology having provided the company with capital and Computing resources Microsoft president Brad Smith recently remarked that AI development is advancing 5 faster