The world of writing has undergone a major transformation over the past few years with the advent of AI-powered writing tools. From predictive text to GPT-3, these tools have revolutionized the way we write, making it faster, easier, and more accurate.
According to a report by MarketsandMarkets, the world’s AI market size was valued at $86.9 billion in 2022. And, it is expected to reach $407 billion by 2027.
Here’s how AI writing tools have changed over the time:
Early Days: How It All Started?
In the beginning, AI writing tools were primarily used to check grammar and spelling errors in documents. These tools relied on simple rules-based algorithms to identify errors and suggest corrections. However, as AI technology advanced, so did these tools.
For example, unlike earlier, today we have an AI paraphrasing tool.
One example of an early AI writing tool is Grammarly. Launched in 2009, Grammarly uses machine learning algorithms to check for errors and suggest corrections in written content.
It has since expanded to include features like plagiarism detection and tone detection. As of 2021, Grammarly has over 20 million daily active users.
Launched in 2013, the Hemingway Editor uses algorithms to identify common writing mistakes like run-on sentences and passive voice. It also provides suggestions for how to improve the readability of a piece of writing.
The Hemingway Editor has since been used by millions of writers around the world.
The Emergence of GPT-3
The early AI writing tools were limited in their capabilities. They could only suggest corrections to existing content, not create new content from scratch. That all changed with the development of advanced NLP models like OpenAI’s GPT-3.
What is GPT-3?
Generative Pre-trained Transformer 3, popularly known as GPT-3, is a language model developed by OpenAI that can generate human-like text.
In 2022, it is being used to create everything from news articles to poetry. According to OpenAI, GPT-3 has 175 billion parameters, making it one of the largest and most powerful NLP models in existence.
Reasons Behind the Rising Popularity of AI Writing Tools
They Produce High-Quality Content
The digital age has made it easier than ever for businesses to reach their target audience through various online channels. As a result, there is a growing demand for high-quality content that can capture the attention of the target audience and keep them engaged.
AI writing tools can help businesses and content creators produce high-quality content that is optimized for their target audience, without having to spend a lot of time and resources on the process.
They Save Time
Creating content can be a time-consuming process, especially if it involves research, drafting, and editing.
With the help of AI writing tools, content creators can save time by automating some of these tasks.
For example, AI writing tools can generate outlines, suggest topics, and even draft entire pieces of content. This allows content creators to focus on the creative aspects of content creation, such as ideation and strategy.
They Help Increase Productivity
There are AI writing tools like Vibn.AI that can improve the efficiency and productivity of content creators by automating repetitive tasks and streamlining the content creation process.
By using it, users or content creators can generate more content in less time, which can help businesses achieve their content marketing goals faster.
They Give Customizable Results
In 2022, there are advanced AI-powered writing tools that are capable of creating highly adaptable and customizable to different industries and niches.
For example, an AI writing tool that is designed for e-commerce businesses may be able to generate product descriptions and marketing copy, while an AI writing tool that is designed for the healthcare industry may be able to generate medical reports and research summaries.
This feature makes AI writing tools a valuable resource for businesses and content creators in various industries.
The transformation of traditional AI writing tools into a much advanced AI paraphrasing tool has completely changed the world of writing, making it faster, easier, and more accurate.
From simple grammar and spelling checks to advanced NLP models like GPT-3, AI writing tools have come a long way.
The rising popularity of these tools can be attributed to their ability to produce high-quality content, save time, increase productivity, and give customizable results.
With the AI market size projected to reach $407 billion by 2027, it is clear that AI writing tools will continue to play an important role in the future of writing.