Exploring ChatGPT Capabilities and Limitations: A Critical Review of the NLP Game Changer

ChatGPT, a groundbreaking natural language processing technology released just three months ago, has attracted significant attention due to its remarkable capabilities. This AI milestone has urged researchers, industry, decision-makers, and governments to examine this technology, including its implications, threats, and benefits. Despite the short period since its release, several researchers have examined ChatGPT from different perspectives. This paper presents a comprehensive review of ChatGPT, highlighting its technical novelties compared to previous models and analyzing existing research from various perspectives. We followed a rigorous methodology to conduct a critical review of existing research on ChatGPT and developed a taxonomy for the different areas of study. Additionally, we identify future challenges and research trends associated with ChatGPT. Our paper is the first critical review of ChatGPT literature, providing valuable insights for practitioners and policymakers. This paper serves as a reference for researchers seeking to advance research on ChatGPT, including its applications and development.