November 27, 2023
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December 30, 2023
The global AI market is projected to reach $190.61 billion by 2025, growing at a compound annual growth rate of 36.62 percent.und annual growth rate of 36.62 percent.
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GenAI is a type of AI capable of generating creative content, including text, code, scripts, and more.
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Bing’s Chat GPT-4, DALL-E 3, Google’s Bard, and Chat GPT-3 were employed to generate images and write the entire text.
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While not replacing writers and graphic designers, GenAI significantly accelerates the content creation process by generating and modifying text and images.
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The adoption of generative AI is expected to rise sharply, with over 80% of enterprises predicted to incorporate generative AI by 2026, compared to less than 5% currently.
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The BYOAI trend sees employees bringing their own AI tools to work, enhancing productivity but posing risks, such as data privacy breaches and compliance violations.
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As GenAI usage increases, concerns about false outputs (hallucinations) grow, leading to the emergence of a market for AI risk hallucination insurance, expected to grow rapidly.