When we talk about AI, the term ‘cheap PT’ often comes up. However, it is important to understand the distinction between generative AI and predictive AI. Generative AI refers to artificial intelligence that can generate rich content, such as text, documents, presentations, pictures, videos, and more. It is capable of producing creative outputs in response to prompts from users or systems.
On the other hand, predictive AI focuses on making predictions or decisions based on data and algorithms. It can answer questions, categorize information, and provide forecasts. Predictive AI is often used in areas like financial analysis, risk assessment, and customer relationship management.
The popularity of generative AI, exemplified by chatGPT, has brought AI capabilities into the mainstream. However, it is worth noting that many of the tasks performed by generative AI have been possible for several years. What sets chatGPT apart is its ability to combine multiple functionalities and its availability to a wider audience.
Marketing plays a significant role in the success of AI technologies. The marketing campaigns behind chatGPT have made it widely known and accessible. While there are other generative AI models like Google’s Bard, chatGPT has become the most famous one.
It is interesting to consider the concept of being ‘10 times better’ when evaluating AI technologies. While some argue that a new technology must be significantly better than existing ones, others believe that it is more about meeting certain thresholds and creating an instant impact. The success of chatGPT can be attributed to a combination of factors, including marketing, scalability, and the ability to generate rich content.
Predictive AI, on the other hand, focuses on making accurate predictions and providing valuable insights. It is often used in various industries, such as finance, healthcare, and retail. Predictive AI can help businesses make informed decisions, identify patterns, and optimize processes.
In conclusion, the rise of generative AI, represented by chatGPT, has brought AI capabilities to the forefront. However, it is essential to recognize the value of predictive AI in making accurate predictions and driving business growth. Both generative AI and predictive AI have their unique roles and applications in the evolving field of artificial intelligence.
