Because a lot has been written about it, and there is so much hype around it, I will try to stick to the basics. Generative AI aims to understand and predict information from a particular data set.
Unless you have been hiding under a rock or living in some deep dark cave without Internet access for the past 12 weeks, you have probably heard far too much about AI-powered ChatGPT. The natural language chatbot has been wowing the tech world with its ability to do everything from composing college essays to writing complex computer code.
Although around the same time, a handful of art-related AI programs like DALL-E 2 had begun to proliferate on Instagram and other image-oriented sites, it was ChatGPT, created by the start-up OpenAI — backed by Microsoft — that somehow caught most people’s imagination and investors attention.
