In a very short amount of time, generative AI has been adopted by a vast array of organisations across different industries and functions. This is a testment to the disruptive nature of this technology. In this segment, you will be introduced to the current state of generative AI in the industry.
In the upcoming video, Kshitij will talk about the rapid adoption of generative AI.
The graph given below compares ChatGPT with other influential applications in terms of the time taken to reach the milestone of 1 million users.
You can clearly see that ChatGPT has seen an unprecedented speed of adoption. You can read more about the statistics associated with the user base of ChatGPT here.
This rapid adoption of generative AI technologies is not restricted to one product either. Kshitij gave instances of companies using generative AI in different segments of the industry and receiving a significant amount of funding (greater than $5 million) recently (as of June 2023).
You can access the table referred to in the slides below.
At this point, you are strongly encouraged to explore the market landscape of generative AI on your own using the resources given above or on your own.
Now let’s move on to the next segment where kshitij will demonstrate some noteworthy products and applications that generative AI.