This year, the term “generative artificial intelligence” has become popular and created a sense of excitement among the public. This has resulted in Microsoft (MSFT.O) and Alphabet (GOOGL.O) competing to develop products that use this technology, which is predicted to revolutionize work.
This technology has been broken down into the main points you need to know.
Understanding Generative AI: What It Is & How It Works
Generative AI is similar to other artificial intelligence forms, using past data to determine how to act. Unlike other AI, which classifies or identifies data, generative AI goes one step further and produces completely new content, such as text, images, and even computer code.
ChatGPT, a chatbot developed by Microsoft-supported OpenAI and released in late 2019, is the most renowned generative AI application. It uses an enormous language model which takes in a written stimulus and then produces a response similar to one composed by a human being.
OpenAI revealed its latest model GPT-4, which is “multimodal” as it can interpret text and visuals. On Tuesday, the company’s president showed how it could take a sketch of a website and turn it into an actual website.
Exploring Generative AI: Benefits & Applications
Apart from displaying its potential, companies have already begun to employ generative AI. One example is the use of technology for producing introductory marketing text; nevertheless, it may need some refinement since it isn’t flawless.
An illustration of OpenAI’s technology can be found in CarMax Inc (KMX.N), which has used it to process thousands of customer reviews and facilitate shoppers’ decisions when selecting a pre-owned vehicle.
This week, Microsoft Corp and Alphabet Inc’s Google unveiled new features demonstrating generative AI’s capabilities. Such capabilities include taking notes during virtual meetings, drafting personalized emails, and creating slide presentations.
Uncover The Truth: What’s Wrong With That?
School systems have been worried that students may submit essays written by AI, diminishing the effort they need to invest in developing their skills. In addition, cybersecurity experts have raised concerns about the potential misuse of generative AI, as it could enable malicious actors, even governments, to create more disinformation than possible.
AI technology has been found to make mistakes, often called “hallucinations,” such as making inaccurate statements and responding erratically, like professing love to a user. Because of this, companies have put measures in place to test AI before releasing it for public use.
Google & Microsoft: What Do They Offer
Two companies are leading the way in research and investment into large language models while also having the distinction of incorporating generative AI into popular software programs like Gmail and Microsoft Word. That being said, they are not the only ones doing this.
Both large companies such as Salesforce Inc (CRM.N) and smaller ones like Adept AI Labs are utilizing either their own Artificial Intelligence or technology from other sources to provide users with enhanced capabilities through software.
Learn About Elon Musk’s Involvement & Impact
He and Sam Altman co-founded OpenAI together. However, in 2018 the billionaire stepped down from being a part of the startup’s board to avoid any potential clash between the artificial intelligence research done by Tesla Inc (TSLA.O) – an electric vehicle manufacturer he heads – and OpenAI’s work.
Musk has voiced worries about what the future holds for Artificial Intelligence and proposed the formation of a regulatory body to ensure innovation in this area is beneficial to society.
Musk says:
“It’s quite a dangerous technology. I fear I may have done some things to accelerate it,” he said towards the end of Tesla Inc’s (TSLA.O) Investor Day event earlier this month.
“Tesla’s doing good things in AI, I don’t know, this one stresses me out, not sure what more to say about it.”
As with any technology, there are also potential risks and ethical considerations associated with generative AI. It is important to ensure that these technologies are developed and used responsibly and in a way that aligns with our values and promotes the greater good.
Overall, generative AI technology’s potential uses and benefits are vast and exciting. As OpenAI and other organizations continue to advance the state-of-the-art, we can expect to see even more impressive applications of this technology.
Source: Reuters
