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This video explores the capability of chat GPT in drafting contracts compared to real lawyers. Chat GPT is a chatbot powered by advanced machine learning algorithms that can generate realistic responses. It can write stories, songs, and poems with impressive realism. Chat GPT also has practical applications, such as assisting with homework by helping to write essays. The development of AI technology and the benefits of data analytics for businesses are highlighted. Overall, chat GPT's ability to provide human-like responses is showcased, demonstrating its potential as a valuable tool in various tasks.