Generative AI : Report
A new report predicts that Generative AI (genAI) is poised to become a $100 billion industry by 2026.
- Generative AI, or generative artificial intelligence, is a form of artificial intelligence (AI) in which algorithms automatically produce content in the form of text, images, audio, and video.
- Unlike traditional AI systems that are designed to recognize patterns and make predictions, generative AI creates new content.
- Generative AI is powered by foundation models (large AI models) that can multi-task and perform out-of-the-box tasks, including summarization, Q&A, classification, and more.
- These systems have been trained on massive amounts of data.
- It works by using a Machine Learning (ML) model to learn the patterns and relationships in a dataset of human-created content.
- It then uses the learned patterns to generate new content.
- Typically, it starts with a simple text input, called a prompt, in which the user describes the output they want.
- Then, various algorithms generate new content according to what the prompt is asking for.
- ChatGPT is an AI-powered chatbot developed by OpenAI, with a unique ability to not only generate written content but also converse with users fluently.
- Bard is a generative AI chatbot created by Google, based on LaMDA language model technology.
- It can answer questions asked by users or create new content from text or image prompts.
