What Does GPT Stand For?
How GPT Models Work
They generate text one token at a time by predicting the most likely next token, given the prompt and the text generated so far.
A Family of Models
The term is used for a series of language models and also, informally, for chat assistants built on them.
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Last updated: September 29, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.