Should Your Business Take Advantage of ChatGPT’s New “Code Interpreter” Feature? Here Are the Pros and Cons in 2023

OpenAI has recently released a new feature called “code interpreter”, which is a name that is vague enough to warrant looking up blogs just to find out what a code interpreter even is.

It turns out that it is not just some feature that will analyze any code you or your programming team has drawn up. Which, of course, was probably the most reasonable guess to make based on the same.

So, What Does ChatGPT’s Code Interpreter Actually Do?

Instead, code interpreter is more like a suite of features, all of which could still fit under the category of generative A.I.

The new tasks you can set to ChatGPT include data analysis, visual chart creations, file editing, and even the solving of sophisticated math problems.

This is a major step forward for ChatGPT, and chatbots in general. It’s only been a little over half a year after ChatGPT was released to the public, and we are already past the point where chatbots “only” generate text. Instead, we are seeing the shift to A.I. platforms that function more like a Swiss Army Knife, with a variety of uses based on your needs.

Is Code Interpreter Available to All ChatGPT Users?

Right now, it is only available to ChatGPT Plus subscribers.

If you do not subscribe to ChatGPT Plus, you will still be able to use the same text-generation features.

Improving Chatbots Is A Coming Trend In A.I.—Which Is Great for Business Owners

Chatbots are all the rage now, and people are still so impressed by how this helpful technology is improving their professional and personal lives.

Meanwhile, tech companies have refrained from resting on their laurels and sipping on celebratory champagne. Far from it, in fact. Part of the reason for this is that there is plenty of competition looking to dethrone ChatGPT, with names as big and bold as Google and Meta looking for a large chunk of A.I. market share.

It is impossible to predict who will end up winning the A.I. battle, but one thing is for sure: This drive to constantly improve these A.I. platforms will undoubtedly benefit business owners.

However, this breakneck pace also has certain risks that business owners need to look out for.

You can see this more clearly if you consider the following pros and cons of ChatGPT’s newest code interpreter feature.

Pro: Greater Accuracy in Answers with Code Interpreter

Code interpreter enables ChatGPT solves problems by writing a piece of code, and then running it to find the answer.

This contrasts with ChatGPT’s previous approach of solely predicting the next word in a sequence until the code interpreter was implemented.

Pro: Sophisticated Data Analysis

ChatGPT is able to look through a wide variety of data, and answer your questions about the data.

For instance, analyzing your customer purchase records to find out any interesting trends, from decreases to increases in spending, based on what day of the week it is.

ChatGPT’s code interpreter feature also allows you to enjoy other uses, such as creating a budget for your business.

Pro: Visual Media Creation

Until now, ChatGPT has been restricted to creating text. With code interpreter, ChatGPT’s ability to churn out things like charts and data tables can make it a key tool for creating communications between your own team as well as clients.

The feature basically works the same as the traditional text-generating version: Give the A.I. platform a prompt, which should include any necessary materials such as the data that you want converted into a table. Then, watch ChatGPT do its thing, offering you a chart in lighting-fast time.

Con: The Same Data Privacy Issues Still Linger

Of course, what is any of this data analysis worth if you cannot trust that your company and/or client data will not be safe from data breaches and hacks?

There are certainly reasons to worry whether ChatGPT is safe to offer sensitive data to or not. From you and your employee’s financial information or location-based data about your customer base, it can be a gamble to offer these to ChatGPT.

It is for this reason that many big companies have elected to ban the use of ChatGPT by employees, in an effort to protect their data.

However, that is just a problem with ChatGPT, because there are certainly safer A.I. platforms that your business can implement.

Con: The FTC Plans to Investigate ChatGPT

Data privacy practices, inaccurate content, and possible misuses of ChatGPT, such as spreading misinformation, have all caught the attention of the Federal Trade Commission.

It is likely that OpenAI will have to restrict the usage of ChatGPT, and the scope of content that it can output, in the near future.

Because of this, it would be unwise to get too dependent on ChatGPT. Luckily, there are some good alternatives for business owners to go with.

Is There a Safer Alternative to ChatGPT?

IBM Watson is the reigning champion of B2B A.I. platforms, and for good reasons, with data security and superior performance among them.

Watson was introduced to the world over a decade ago, and since then has been steadily enjoying upgrades, such as the recently announced Watsonx. If ChatGPT can add code interpreter within a matter of months, imagine what IBM has been able to do to its A.I. suite, which includes chatbots and financial prediction platforms, over the course of a decade.

Want to find out? Get in touch with Guardian Owl Digital today so that you can GO AI.