Chat GPT, developed by Open AI, is a popular artificial intelligence program integrated into various apps and services. It can save time and assist with tasks such as analyzing data and providing quick answers. It can also assist with decision-making and complex tasks, act as an impartial third party, analyze information, help with articulating thoughts, handle mundane tasks, and brainstorm ideas. Chat GPT is versatile and has the potential for even more advancements as AI technology continues to evolve.