Before anything else, this is definitely a direct competitor to ChatGPT. Bard AI isn't knowledge capped unlike ChatGPT—which is super helpful.
But the downside is some of the answers are slightly off or not what I wanted to hear. It cannot remember the previous prompts as well.
I understand this is still in development so we could expect great things in the future.
One of the things that I like most about Bard is that it is constantly learning. The more I use it, the better it gets at understanding my requests & generating the kind of content that I am looking for.