- Generative AI has reached a tipping point in 2023, making it poised to revolutionize business models and transform industries.
- It is a type of deep learning that can create content, including software code, high-quality text, images, audio and video, data analysis, and virtual simulations. Generative AI’s applications include customer service, automating high-volume tasks, and providing people with insights.
- It works by running on models trained with human help to produce desired outputs. Generative AI’s foundation models are generally trained on vast quantities of open-source data.
- To accelerate AI and generative AI while building trust, companies can implement responsible AI frameworks, develop skills, and protect underlying data.
Source PwC
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