Generative AI refers to a type of artificial intelligence that uses algorithms to create new data that is similar to existing data. This is in contrast to traditional AI models, which only classify or analyze existing data. Techopedia describe generative AI as broad label that's used to describe any type of artificial intelligence that uses unsupervised learning algorithms to create new digital images, video, audio, text or code. According to McKinsey, generative AI and other foundation models are changing the AI game, taking assistive technology to a new level, reducing application development time, and bringing powerful capabilities to nontechnical users.
One currently popular generate AI is ChatGPT a state-of-the-art language model developed by OpenAI. It is based on the Transformer architecture and has been trained on a diverse range of internet text, allowing it to generate human-like responses to a wide variety of questions and prompts. ChatGPT is capable of conversing, answering questions, summarizing text, translating between languages, generating creative writing, and much more. It is a powerful tool for natural language processing tasks and is constantly improving as more data is fed into the model. Another is Midjourney, an independent research lab that produces an artificial intelligence program under the same name that creates images from textual descriptions, similar to OpenAI's DALL-E and Stable Diffusion. It is speculated that the underlying technology is based on Stable Diffusion.
Snapshot of key AI tools available for use
Generative AI has numerous advantages and concerns that must be considered when it is being used.
Pro:
Cons:
In conclusion, generative AI is a powerful tool that offers many advantages, including improved efficiency, personalization, and innovation. However, these advantages must be weighed against the concerns associated with generative AI, including the quality of generated content, the potential for bias, lack of control, and intellectual property issues. When used responsibly and with a clear understanding of the limitations of the technology, generative AI has the potential to bring significant benefits to a wide range of industries and applications.
PS: This blog was written with the help of ChatGPT, could you tell the difference between a humans writing and that of an AI?