Artificial Intelligence (AI) is increasingly a part of our world and it is rapidly changing our lives. Generative AI (GenAI) is a subset of artificial intelligence that uses generative models to produce text, images, videos, or other forms of data. It is essentially a narrow type and application of the broader artificial intelligence umbrella of technologies. It describes algorithms (such as ChatGPT) that can be used to create new content, including audio, code, images, text, simulations, and videos. It is specifically designed and trained to generate new content. The versatility and potential of GenAI to transform various aspects of business operations make it an attractive investment for companies across industries. This paper provides an introduction to generative AI.
artificial intelligence, AI, general artificial intelligence, GenAI
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