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In simple terms, ChatGPT is a computer program that is designed to generate text that is similar to how a human might write or speak. It does this by using a large dataset of human-generated text as a reference and using machine learning techniques to learn the patterns and structure of this text.

This makes it useful for building chatbots that can engage in natural-sounding conversations with users. ChatGPT is a variant of the GPT language model, which was developed by OpenAI.

When given a prompt or input, ChatGPT can generate a response that is appropriate and fits naturally within the context of the conversation.

ChatGPT is scary good. We are not far from dangerously strong AI,” said Elon Musk, who was one of the founders of OpenAI before leaving. Sam Altman, OpenAI’s chief, said on Twitter that ChatGPT had more than one million users in the first five days after it launched. 

According to analysis by Swiss bank UBS, ChatGPT is the fastest-growing app of all time. The analysis estimates that ChatGPT had 100 million active users in January, only two months after its launch. For comparison, it took nine months for TikTok to reach 100 million users.

There is a subscription option that users can take advantage of that costs $20/month. The paid subscription model guarantees users extra perks such as general access even at capacity, and faster response times. 

However, the free version is still a solid option as it has mostly the same technical abilities, with the exception of access to the latest version of the AI, known as GPT-4, which the subscription model guarantees.