India is in a good position to take advantage of the prospects presented by generative AI, but it will need to enhance its investment in the field and create a suitable AI ecosystem.
An artificial intelligence (AI) system that uses machine learning techniques to generate fresh, original data or material is referred to as generative AI. New text, photos, audio, video, code, or synthetic data can all be included in the created data. The objective of generative AI is to be able to create results that are comparable to, or even identical to results produced by humans.
An AI text generator has been used to help make a court decision for the first time. Judge Juan Manuel Padilla Garcia of Colombia utilized the AI program ChatGPT to research the case and incorporated the answers into his decision. As the first known instance of an AI tool being explicitly acknowledged for its contribution, this is a momentous occasion.
The benefits of generative AI
Many repetitive operations that would ordinarily require human assistance can be automated by generative AI, freeing up time and resources for other projects.
Efficiency and speed can be increased because generative AI, which is a great tool for many applications, can process and analyze massive amounts of data far more quickly than humans can and provide results in real-time.
To increase output reliability and reduce the possibility of human error, generative AI can help to improve task accuracy and consistency.
Many sectors will experience cost reductions as a result of automating some processes and requiring less human involvement.
Because of its advantages, generative AI is useful in a variety of industries, including healthcare, robotics, finance, and education.
The challenges of generative AI
Generative AI models can carry out tasks that were previously performed by humans, such as those that call for cognitive abilities like pattern identification, decision-making, and problem-solving. This might considerably decrease the demand for human labor in several industries, which would result in job losses and economic relocation.
To develop outcomes based on them, generative AI is trained on already-existing data sets. Technology can exacerbate societal biases and prejudices already in place.
The use of generative AI to produce false information, such as phony text, audio, photos, or videos, is possible. This is especially troubling in the modern era of social media and easy access to information, where false information can spread swiftly and can have negative effects.