2023
DOI: 10.3390/forecast5030030
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Large Language Models: Their Success and Impact

Spyros Makridakis,
Fotios Petropoulos,
Yanfei Kang

Abstract: ChatGPT, a state-of-the-art large language model (LLM), is revolutionizing the AI field by exhibiting humanlike skills in a range of tasks that include understanding and answering natural language questions, translating languages, writing code, passing professional exams, and even composing poetry, among its other abilities. ChatGPT has gained an immense popularity since its launch, amassing 100 million active monthly users in just two months, thereby establishing itself as the fastest-growing consumer applica… Show more

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Cited by 25 publications
(9 citation statements)
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“…The number of researchers with equitable access to specialized expertise and resources in molecular biology and drug discovery is not satisfactory (Makridakis et al, 2023;Meyer et al, 2023). LLMs can overcome this gap by offering virtual access to expert knowledge and resources on the leading edge.…”
Section: Increasing Access To Specialized Expertise and Resourcesmentioning
confidence: 99%
“…The number of researchers with equitable access to specialized expertise and resources in molecular biology and drug discovery is not satisfactory (Makridakis et al, 2023;Meyer et al, 2023). LLMs can overcome this gap by offering virtual access to expert knowledge and resources on the leading edge.…”
Section: Increasing Access To Specialized Expertise and Resourcesmentioning
confidence: 99%
“…Context understanding remains a critical issue, as LLMs and ChatGPT/GPT-4 may struggle to grasp complex queries fully, resulting in responses that lack nuance and accuracy. Additionally, emotional intelligence, scalability, and the preference for human interactions represent further challenges in delivering seamless customer service experiences [409].…”
Section: G Marketingmentioning
confidence: 99%
“…Several technological innovations, in particular, have played a crucial role in this change [3], including blockchain technology [4], the metaverse [5], [6], emerging technologies [7], [8], and artificial intelligence (AI) [9]. One example is generative AI technologies, such as large language models [10][11][12]. The presence of AI, such as ChatGPT, has revolutionized how we process information, communicate, and learn [13], [14], [15].…”
Section: Introductionmentioning
confidence: 99%