Generative AI: The Foundation for Transformative Advances in AI Adoption
Generative AI has garnered global interest, evidenced by the fact that ChatGPT-3.5 reached 100 million users in two months. AI's evolution has seen peaks and troughs, with significant growth in recent years, particularly in foundation models. Applied AI has flourished, and now integration with generative AI offers even greater potential. GenAI use cases include spoken and text customer interaction, fraud detection, pharmaceutical R&D, clinical trial success rate prediction, and marketing content generation. Software development and education are other sectors that are expected to be impacted significantly. However, safety, legality, and environmental impact concerns must be addressed. As organisations adopt generative AI as an assistive tool, transparency, governance, and sustainability are key considerations.
