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In this episode of Two Minute Papers, Dr. Kroly Zsolnai-Fehr introduces ChatGPT, a conversational agent powered by the GPT-3 AI model. ChatGPT can assist with tasks such as interior design, writing essays, coding, math homework, video ideas, and marketing plans. It is free to use and can be used for various purposes. OpenAI showcased ChatGPT's ability to write a friendly letter introducing new neighbors and demonstrated its capability to transform the letter into a more formal tone.