The Rise of Generative AI: Promises and Pitfalls.

Generative AI is a type of artificial intelligence that creates new content based on past data, rather than simply categorizing or identifying data. Microsoft-backed OpenAI's ChatGPT is a famous example of generative AI, and the newer GPT-4 is "multimodal" as it can perceive text and images. Generative AI is being used for creating marketing copy, taking notes during virtual meetings, drafting personalized emails, and creating slide presentations. However, there are concerns about its potential abuse and factual inaccuracies. Large companies like Microsoft and Alphabet, as well as smaller ones like Adept AI Labs, are investing in generative AI. Elon Musk, one of the co-founders of OpenAI, has expressed concerns about the future of AI and the need for regulatory authority to ensure its development serves public interest.