What is Generative AI?
![What is Generative AI? Blog Image](https://vajiram-prod.s3.ap-south-1.amazonaws.com/What_is_Generative_AI_63beafff52.webp)
Overview:
A new report predicts that Generative AI (genAI) is poised to become a $100 billion industry by 2026.
About Generative AI:
- 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.
- Popular Generative AI Tools:
o ChatGPT: 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.
o Bard: 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.
![](https://vajiram-prod.s3.ap-south-1.amazonaws.com/Counselling_form_banner_164dd214c5.webp)
What is Machine Learning (ML)?
- It is defined as a discipline of artificial intelligence (AI) that provides machines with the ability to automatically learn from data and past experiences to identify patterns and make predictions with minimal human intervention.
- Machine learning methods enable computers to operate autonomously without explicit programming.
- ML applications are fed with new data and they can independently learn, grow, develop, and adapt.
- ML algorithms use computation methods to learn directly from data instead of relying on any predetermined equation that may serve as a model.
Q1: What is a Chatbot?
A chatbot is a software or computer program that simulates human conversation or "chatter" through text or voice interactions. Users in both business-to-consumer (B2C) and business-to-business (B2B) environments increasingly use chatbot virtual assistants to handle various tasks.
Source:GenAI Predicted To Become A $100 Billion Industry By 2026