Hi guys.
Welcome to this session.
So in this session we wanted to talk about the overview of generative AI and its role in businesses.
So if you look at the basic idea of generative AI so artificial intelligence is AI is basically the
technology that is designed to mimic human intelligence.
Now in this there are you can say three types of intelligence which we are looking at.
So one is artificial intelligence, which is where we can say it's a narrow AI which is focused on specific
tasks like chat bots or recommendation systems.
It also has two types wherein there is machine learning.
So the AI that learns and improves from data, and generative AI, AI that can create text, images
and music.
Now in this there is artificial generative general intelligence, which is basically an AI that can
perform any kind of intellectual task that a human can.
And we are still in it right now, and we're trying to progress further in artificial general, artificial
general intelligence.
Beyond this, there will be artificial super intelligence ASI, which is basically an ASI and an AI
that can surpass human intelligence and which is still in the theoretical stage at this moment.
Now, if you look at the impact or the players in this particular field of AI, so the leading players
who are, uh, at this point in time, at the top of generative AI revolution, there is Microsoft,
who has Microsoft, who has partnered with OpenAI, and they have coming up with GPT four and beyond.
And plus there is Microsoft has built their own Copilot tools as well as we know of.
Then there is Google, who has created their own AI model, which is Gemini and Vertex AI for creative
and enterprise solutions they have built out.
And then there is Amazon, where they have a AWS powered bedrock platforms for businesses, which they
are building at this moment.
Other than this, there are some specialized innovators as well, like OpenAI has GPT four, Dall-E.
Then there is anthropic, which is basically the Claude series.
Claude three is right now there and then there is four here, which is specifically for enterprise focused
tools.
Now, other than this, there is Nvidia, which is specifically a hardware who is creating GPUs and
for AI infrastructure.
And they cover they capture almost 90% of the GPU market across the world.
Now the impact of AI is going to be huge.
What is being said right now is that it is projected that it will add up to 7% in global GDP across
in the next ten years, which is going to be in trillions of dollars.
It's going to help businesses work faster and smarter.
This AI tool, it creates new revenue opportunities across industries, and it's going to become a must
have for staying competitive in the market.
So as you can see, AI has a huge potential importance at this point in time.
And in the next ten years, we are going to see a huge impact of AI in our day to day life.