AI Without The Hype

Artificial Intelligence (AI) is the development of computer systems that can perform tasks typically requiring human intelligence, such as visual perception, speech recognition, decision-making, and language translation or generation. AI enables machines to learn from experience, adapt to new inputs, and perform human-like tasks with remarkable accuracy and efficiency

Artificial intelligence and generative AI are transforming industries by automating processes, providing insights and enhancing customer experiences. Across industries, AI is driving efficiencies, reducing costs and unlocking new opportunities for growth and innovation. In finance, AI is being used to detect fraud and make investment decisions. Manufacturing is using AI for predictive maintenance and quality control. The insurance industry is using AI for risk assessment and claims handling.

Generative AI is a type of AI that creates new content, such as images, text, code or audio, that resembles the data on which it was trained. It learns the underlying patterns in the training data to produce novel, realistic output that is often indistinguishable from human-generated content. This technology has the potential to revolutionise content creation, design, and problem-solving across all industries.

Traditional AI focuses on analysing existing data for predictions, classification, or pattern recognition. It excels at tasks such as fraud detection, image classification, and predictive maintenance. Traditional AI is deterministic, meaning it does not produce new content. In contrast, Generative AI creates new content based on learned patterns from the training data. It can generate images, text, music, and more, opening up new possibilities for content creation, problem-solving, and personalization. Alternative to Traditional AI, its non-deterministic. This means the AI can produce different outputs even when given the same input multiple times, resulting in unpredictable outcomes. When deciding which one to use, choose traditional AI for tasks like prediction, classification, and anomaly detection, whilst Generative AI is better suited for content creation, design, and personalization.

In AI terms, GPT, as in ChatGPT, stands for "Generative Pre-trained Transformer". But it has a second meaning in a broader sense: "General Purpose Technology". GPTs are technologies that can profoundly impact and transform entire industries and economies. Generative AI, as a GPT, has the potential to revolutionize every aspect of work within an organization, beyond specific tasks or departments.