OPINION
CHATGPT: RISKS AND REWARDS OF GENERATIVE AI Generative AI, like ChatGPT, playground AI, Midjourney, Stable Diffusion, and more have the potential to revolutionize businesses, but we must understand the risks and rewards it can create.
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hysicist Richard Feynman once said, “I think I can safely say that nobody understands quantum mechanics.” Following in the same vein, it’s safe to say that nobody understands generative AI…yet. If you’ve heard of ChatGPT, though, you’re on your way to becoming familiar with generative artificial intelligence (AI). Introduced to the public in November 2022, ChatGPT and other generative AI tools are getting plenty of global attention and quickly going mainstream, with the market projected to grow to USD 110.8 billion by 2030. Yet, as the decade of the 2010s saw major advancements in AI, the 2020s may be the decade of reckoning when we begin to see the impact
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of these advancements on society. To better understand generative AI and its potential, we’ll explore what it is and what it can do, along with the risks and rewards for the connected enterprise.
WHAT ISA GENERATIVE AI? Generative AI refers to a category of AI algorithms that generate new outputs based on the data they have been trained on. It uses a type of deep learning called generative adversarial networks and has a wide range of applications, including creating images, text, and audio. In the case of ChatGPT or other text generators, it “learns” from text data to understand context, relevancy, and how to generate human-like
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5/2/2023 10:32:00 AM
