ChatGPT, developed by OpenAI and launched on November 30, 2022, is an AI chatbot that allows users to tailor conversations and has gained over 100 million users, making it the fastest-growing consumer software application. While it excels in various domains and functions, it also tends to generate incorrect information, a behavior referred to as 'hallucination'. The service operates on a freemium model, offering both free access to GPT-3.5 and paid subscriptions for the more advanced GPT-4 version.