Generative AI – Is it a hype bubble?
As we all know that in recent times Artificial Intelligence (AI) has grown rapidly, and one of the most thrilling areas of this development is Generative AI. It’s a term that has been making waves in tech circles. Major marketers have jumped on the generative AI train. But what is it about Generative AI that has sparked such interest. In this blog let’s try to take a deep dive to understand Generative AI – beyond the hype. The initial enthusiasm has now reached a feverish pitch with venture capital investments increased by a massive 425% in generative AI startups, more than 100 million ChatGPT subscribers in 2 months and almost two billion site visits per month with an average time spent of around ten minutes – like Twitter and Facebook. One is almost immediately reminded of Bitcoin and Metaverse in recent years, which similarly burst on the scene, but have quietened down a lot. Will Generative AI go the same way? So far it does not look so, instead democratization of AI at such a r