Slide 1 - Generative Artificial Intelligence (GenAI)
- Definition: Subfield of AI using generative models and foundation models to produce new data.
- Mechanisms: Driven by deep learning, neural networks, and the transformer architecture. 2017 paper by Vaswani introduced core principles.
- Timeline: Emerged in late 2010s (GANs); rapid commercialization began around 2022.
- vs. Traditional AI: Traditional AI focuses on prediction/classification; GenAI creates original, pattern-based content.
- Applications: Chatbots, loan processing, fraud detection, and personalized financial advice.
- Challenges: Accuracy (hallucinations), bias, reliability, and the need for rigorous human verification.
- Conclusion: GenAI is designed to augment human expertise.
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