Generative AI and LLMs: The Future of Innovation in Different Industries
The rapid pace of Generative AI advancements is making it increasingly challenging to keep up. ChatGPT was launched in November 2022, and just four months later, OpenAI introduced GPT-4, a more advanced large language model (LLM) with significantly enhanced capabilities. By May 2023, Anthropic’s Claude, another GenAI, could process 100,000 tokens, or around 75,000 words length of an average novel—in just one minute, compared to only 9,000 tokens when it debuted in March 2023. In the same year, Google unveiled new Generative AI-driven features, including a Search Generative Experience and a new LLM, PaLM 2, to power its Bard chatbot and other Products. A report from Statista gave us the numbers that illustrate the rate of Generative AI adoption across various industries in the United States in 2023. Artificial intelligence (AI) is evolving in the tech industry. Generative AI and large language models (LLMs) are reshaping industries across the board. From ma...