ChatGPT Will Keep ‘Hallucinating’ Wrong Answers for Years: Morgan Stanley

Artificial intelligence (AI) is becoming increasingly popular and commonplace in our lives, with applications ranging from virtual assistants to autonomous vehicles. One of the most exciting developments in this field is the emergence of chatbots, which are computer programs designed to simulate human conversation. In recent years, chatbots have become increasingly sophisticated, with some even passing the Turing Test, a benchmark for determining if a machine is capable of passing as a human being.

However, despite their impressive capabilities, chatbots are still far from perfect. In a recent report from Morgan Stanley, the investment bank warned that chatbots, such as ChatGPT, will continue to make mistakes for years to come due to their “hallucinatory” nature.

According to Morgan Stanley, ChatGPT is a “hallucinatory” chatbot, meaning it is not able to understand the context of a conversation and can often produce wrong answers. This is because the chatbot is trained on a dataset of pre-existing conversations, which are then used to generate responses. While this can be useful for simple conversations, it can lead to inaccurate responses when the conversation becomes more complex.

Morgan Stanley believes that this “hallucinatory” nature of chatbots will continue for years to come, as the technology is still in its early stages. In the report, the investment bank noted that “ChatGPT will continue to hallucinate wrong answers for years to come,” and that “the technology is still in its infancy and has a long way to go before it can be considered a reliable source of information.”

The report also noted that while ChatGPT is capable of producing accurate answers in some cases, it is not able to understand the nuances of a conversation, meaning it is likely to make mistakes. This is why Morgan Stanley believes that humans will continue to be the primary source of information for the foreseeable future.

Overall, while chatbots, such as ChatGPT, have made impressive strides in recent years, Morgan Stanley believes that they will continue to make mistakes for years to come. As the technology matures, however, it is likely that chatbots will become more reliable and accurate sources of information.