Generative AI

Generative AI is a type of artificial intelligence technology that enables users to quickly generate new content based on various inputs, such as text, images, sounds, and more. It leverages deep learning models and neural networks to identify patterns and structures within existing data, allowing it to create new content that is often indistinguishable from human-generated content.

For example, An emerging application known as generative business intelligence leverages this technology to simulate potential business outcomes and scenarios. This enables enhanced data interpretation, informed decision-making, and highly accurate forecasts, providing a strategic advantage to businesses.

Generative AI can process natural language prompts as inputs, making it easy for almost anyone to use AI to generate outputs. It uses large language model (LLM) chatbots such as ChatGPT, Copilot, Bard, and LLaMA, and text-to-image artificial intelligence art systems such as Stable Diffusion, Midjourney, and DALL-E.

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