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Hi guys.

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Welcome to this session.

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So in this session we wanted to talk about the overview of generative AI and its role in businesses.

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So if you look at the basic idea of generative AI so artificial intelligence is AI is basically the

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technology that is designed to mimic human intelligence.

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Now in this there are you can say three types of intelligence which we are looking at.

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So one is artificial intelligence, which is where we can say it's a narrow AI which is focused on specific

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tasks like chat bots or recommendation systems.

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It also has two types wherein there is machine learning.

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So the AI that learns and improves from data, and generative AI, AI that can create text, images

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and music.

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Now in this there is artificial generative general intelligence, which is basically an AI that can

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perform any kind of intellectual task that a human can.

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And we are still in it right now, and we're trying to progress further in artificial general, artificial

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general intelligence.

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Beyond this, there will be artificial super intelligence ASI, which is basically an ASI and an AI

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that can surpass human intelligence and which is still in the theoretical stage at this moment.

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Now, if you look at the impact or the players in this particular field of AI, so the leading players

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who are, uh, at this point in time, at the top of generative AI revolution, there is Microsoft,

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who has Microsoft, who has partnered with OpenAI, and they have coming up with GPT four and beyond.

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And plus there is Microsoft has built their own Copilot tools as well as we know of.

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Then there is Google, who has created their own AI model, which is Gemini and Vertex AI for creative

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and enterprise solutions they have built out.

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And then there is Amazon, where they have a AWS powered bedrock platforms for businesses, which they

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are building at this moment.

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Other than this, there are some specialized innovators as well, like OpenAI has GPT four, Dall-E.

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Then there is anthropic, which is basically the Claude series.

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Claude three is right now there and then there is four here, which is specifically for enterprise focused

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tools.

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Now, other than this, there is Nvidia, which is specifically a hardware who is creating GPUs and

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for AI infrastructure.

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And they cover they capture almost 90% of the GPU market across the world.

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Now the impact of AI is going to be huge.

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What is being said right now is that it is projected that it will add up to 7% in global GDP across

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in the next ten years, which is going to be in trillions of dollars.

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It's going to help businesses work faster and smarter.

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This AI tool, it creates new revenue opportunities across industries, and it's going to become a must

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have for staying competitive in the market.

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So as you can see, AI has a huge potential importance at this point in time.

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And in the next ten years, we are going to see a huge impact of AI in our day to day life.