Back in September, AI-generated art work won an award at Colorado’s State Art Fair. Now, many people are wondering what generative AI is and how else can we expect it to be used moving forward.
Generative AI involves using algorithms to generate new, unique data in the form of images or text. This data can take the form of text, images, music, or even entire virtual worlds. Generative AI can be used for a wide range of applications, including content creation, product design, and scientific research.
One of the most exciting aspects of generative AI is its potential impact and benefit on society.
Generative AI can provide new ideas, innovations and insights, which has the potential to drive progress across a wide range of industries. At the same time, however, it also raises important ethical questions around issues like ownership of generated content, potential bias in generated data, and the impact of generative AI on jobs and the workforce. Because of this, it is important to approach generative AI with caution, while also recognizing its enormous potential to shape the future in positive ways.
“Generative AI has the power to unleash a new era of creativity, innovation, and progress. With AI developments like generative AI, we can transform society for the better by solving complex problems, generating new insights, and unlocking human potential in ways we never thought possible, generative AI is like a supercar for your brain, it gets you there faster” explains Co-Founder and CTO of Iterate.ai Brian Sathianathan. “To use generative AI ethically, we must prioritize transparency, accountability, and fairness. Most of all, we need to understand that AI programs and technologies are tools, not replacements for humans.”
Iterate.ai is a developer of AI-powered low-code software intended to accelerate innovation projects within large enterprises. They have deployed at scale with several global enterprises, such as Circle-K, Pampered Chef, Ulta Beauty, Driven Brands, Jockey, and others.