AI to have huge impact on future of businesses, but challenges exist

Generative Artificial Intelligence (AI), the most talked about tech aspect of AI, can throw up huge opportunities in the next few years, according to top industry leaders and technologists at the Business Standard TechTalk.

ChatGPT, an example of generative AI, can produce various types of content, including audio, imagery, text and synthetic data. The recent buzz around generative AI has been driven by the simplicity of new user interfaces for creating high-quality graphics, videos and text in a matter of seconds.

The first impact of generative AI is people. Many are wondering if generative AI will take away jobs. But the panellists at the Business Standard event said that this could well be an opportunity when it comes to job creation.