Generative AI in Finance and Beyond
- Afshan Dadan and Ananya Shetty
- 5 mins read
- Fintech Strategy, Insights
Table of Contents
Generative artificial intelligence (AI) describes algorithms (such as ChatGPT by Open AI, StyleGAN by NVDIA, DeepDream by Google) that can be used to create new content, including audio, code, images, text, simulations, and videos. McKinsey Tweet Over the past six months, the world of generative AI has been rapidly expanding, with breakthroughs and applications emerging at an unprecedented pace. From language processing to image generation, the capabilities of generative AI have grown exponentially, opening up exciting possibilities for industries and individuals alike.This Google Trends comparison paints an interesting picture of the popularity of some terms that have taken the online world by storm. While the interest in ChatGPT peaked since its introduction in November 2022, it now seems to be slowly declining as the landscape gets crowded. AI, though, is at an all-time high, given the unanimous interest it has been witnessing. What must be noted is that while ChatGPT and AI are the buzzwords, the actual term to describe this new AI phenomenon – generative AI – is nowhere nearly as popular as its counterparts.  AI is everywhere If you’ve been online recently, that’s what you’ve probably thought looking at the discourse in the tech bubble. From software and […]
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