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By emulating human cognitive capabilities, Generative AI saves time for humans. Its growing popularity stems from its versatility and increasing accessibility to a broader audience. Generative AI is transforming how we create and think about creativity.You may have noticed a considerable buzz of online discussion and social media chatter about ChatGPT, where GPT stands for Generative Pre-trained Transformer. Regarded as a breakthrough in artificial intelligence technology, ChatGPT is celebrated for its user-friendly interface, intuitive operation, and impressive performance. Demonstrating its versatility, ChatGPT has showcased its ability to program computers, compose music, write poetry and stories, produce art, and even generate humorous jokes with unprecedented ease.In the retail industry, predictive AI is used to forecast sales and consumer behavior trends. By using this information, generative AI can create new marketing strategies or product designs. Manufacturers can harness generative AI in conjunction with 3-dimensional printing to revolutionize production processes, enhancing supply chain agility by printing parts on demand, thus reducing inventory and logistics costs.In healthcare, predictive AI predicts disease outbreaks or health risks for patients. Generative AI then develops personalized treatment plans or preventive measures based on these predictions. This combination leads to more robust decision making and better strategic planning.Generative AI has presented us with a whole new world of possibilities. There are news articles on people writing books using ChatGPT, governments adopting it for official work, and even celebrities sharing their excitement on using these tools. Generative AI is going to give birth to thousands of new jobs that don’t even exist today.ChatGPT predicts that by 2075, most of the world’s population will be vegan, and the animal-people product industry will become obsolete just two years later. This prediction is based on a prompt from the Daily Mail, which used data from a recent survey conducted by the NPD Group.
