ChatGPT, which is considered to be the worlds' foremost conversational AI chatbot has been developed by OpenAI is built on the powerful GPT series of large language models, that enables its human-like interaction that many have come to expect. It is capable of answering complex questions, summarizing extensive texts, as well as writing code in multiple languages.. it can even generate diverse creative content, no matter if it an essay, poetry etc. In this tag the rapid evolution of this technology will be explored, alongside its current capabilities and limitations, even the ethical considerations surrounding its use in professional and academic settings.