How Generative AI Is Transforming Industries?
“Generative AI is the most powerful tool for creativity that has ever been created. It has the potential to unleash a new era of human innovation.” ~Elon Musk Generative Artificial Intelligence, or GenAI is regarded as the most important tech innovation, since the birth of the World Wide Web, or the Internet. And this speaks volumes about its importance and relevance in today’s world. When ChatGPT, the revolutionary GenAI chatbot was launched in November 2022, it took merely 60 days to reach 100 million users, a staggering feat never achieved by any startup or business. UBS said at that time, “In 20 years following the internet space, we cannot recall a faster ramp in a consumer internet app," Just to give a reference, it took TikTok 9 months to reach 100 million users, and Instagram 2.5 years. Currently valued at $36 billion, the GenAI development market will explode to a $1.3 trillion size by 2032, as this exciting industry is growing...