Current:Home > InvestWhat is generative AI? Benefits, pitfalls and how to use it in your day-to-day. -Wealth Axis Pro
What is generative AI? Benefits, pitfalls and how to use it in your day-to-day.
View
Date:2025-04-17 08:18:39
Artificial intelligence is a phrase that can inspire awe or fear, depending on who you’re talking to.
But whether we like it or not, it seems AI is here to stay. The overall market is projected to reach $1,339 billion by 2030, according to a MarketsandMarkets forecast. One Forbes survey showed 77% of respondents were worried AI will cause job loss.
This fear is valid, says Manasi Vartak, the chief AI architect at Cloudera, but it may ultimately hold workers back – instead, you might risk losing your job to someone more open to embracing new technology.
What is generative AI?
Generative AI helps us go “from imagination to reality,” says Joe Edwards, director of product marketing at automation software company UiPath.
Generative AI can create words, music, pictures or videos from just a few suggestions. It’s caused a stir on social media this year as AI art, fake images of celebrities and posthumous music have begun to circulate.
Generative AI systems are trained on large amounts of data, studying pictures, videos and the way people operate online, Edwards says. These advanced learning machine models can then identify patterns and create content of their own.
“Before, AI was what we call ‘predictive,’ it can tell whether a tweet or a news story is positive or negative,” Vartak says. “But now you can write a whole news story, which is creating content from scratch, which is why this is so different and mind-blowing.”
Generative AI has both strengths and weaknesses.
For example, it's great at writing, Vartak says. It can draft a tweet, an email or create an elaborate, fantastical story. Sometimes it can break down complex topics to help you summarize information or learn. It can also handle menial day-to-day tasks like transcribing meetings and sorting data.
But it can often get too imaginative and leave you with incorrect or misleading information. For instance, if you ask ChatGPT “How many ‘r’s are in the word strawberry?” you’ll repeatedly receive wrong answers.
“It can sound very confident as it lies to you,” Edwards says.
When a large language model perceives nonexistent patterns or spits out nonsensical answers, it's called “hallucinating.” It's a major challenge in any technology, Vartak says. If you ask it to summarize an article or paper, it may get only 80% right.
Some wrong answers have low stakes and are pretty funny, while others can spread dangerous misinformation. When Google debuted its AI overview earlier this year, one viral answer said “Doctors recommend smoking 2-3 cigarettes per day during pregnancy.”
And as a man-made creation, generative AI can amplify human biases. AI images can perpetuate harmful racial and gender stereotypes, the Washington Post found in 2023.
“These models were trained on data that exists in the world, which is biased, so it might not have representation from women, from minorities, from LGBTQ (communities), from people of color,” Vartak says. “If we only take what the technology tells us as gospel, we’re going to miss out on those stories entirely.”
How to use generative AI
Keep a human in the loop, Vartak says. Generative AI should be your navigation partner, not your driver.
“Give it some ideas, let it generate some text, then go and review it, make sure that’s accurate,” she says. “Trust but verify.”
Edwards used a generative AI program to sort through the mounds of emails he had after he got back from paternity leave. You can also use it as a brainstorming partner to plan your kid’s birthday party or an upcoming trip.
Aspiring chefs can try it in the kitchen to help with recipe generation. Musicians can experiment with custom track makers and some prospective homeowners are using it to buy a house.
There are also business uses, which can be tailored specifically to your job. For teachers, unfortunately, this means developing an eagle eye for ChatGPT-generated essays and answers from students. In health care, some doctors are using AI to improve patient visits and translate visit notes into understandable terms. Some AI systems can detect breast cancer, pulmonary embolism and strokes and may lead to life-saving, earlier diagnosis.
Software companies like Cloudera and UiPath create tailor-made private AI systems trained on smaller amounts of data to avoid leaks and hallucinations.
Both Vartak and Edwards recommend taking a stab at generative AI – it can be as low-commitment as playing around with ChatGPT or a more involved free online training course.
“Think of it as your sidekick,” Vartak says. “You’re going to be able to utilize it to … have more fun and be more productive in your daily lives. I think all new tech is hard, but this one is here to stay and it can be a force for good.”
AI can spread misinformation:Here's how to spot it online
Just Curious for more? We've got you covered.
USA TODAY is exploring the questions you and others ask every day. From "How to lucid dream?" to "What did Albert Einstein invent?" to "What is the most spoken language in the world?" – we're striving to find answers to the most common questions you ask every day. Head to our Just Curious section to see what else we can answer for you.
veryGood! (2)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Scientific dynamic duo aims to stop the next pandemic before it starts
- US border agency chief meets with authorities in Mexico over migrant surge
- How inflation will affect Social Security increases, income-tax provisions for 2024
- 2025 'Doomsday Clock': This is how close we are to self
- A trial opens in France over the killing of a police couple in the name of the Islamic State group
- Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
- WEOWNCOIN: The Emerging Trend of Decentralized Finance and the Rise of Cryptocurrency Derivatives Market
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Tigst Assefa shatters women’s marathon world record in Berlin
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Deion Sanders' message after Colorado's blowout loss at Oregon: 'You better get me right now'
- Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
- Russian airstrikes kill 2 and wound 3 in southern Ukraine as war enters 20th month
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- India had been riding a geopolitical high. But it comes to the UN with a mess on its hands
- Bad Bunny and Kendall Jenner continue to fuel relationship rumors at Milan Fashion Week
- More schools are adopting 4-day weeks. For parents, the challenge is day 5
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
UAW strike: Union battle with Detroit automakers escalates to PR war, will hurt consumers
Indonesian woman sentenced to prison for blasphemy after saying Muslim prayer then eating pork on TikTok
A statue of a late cardinal accused of sexual abuse has been removed from outside a German cathedral
Stamford Road collision sends motorcyclist flying; driver arrested
Judge asked to decide if Trump property valuations were fraud or genius
Former President Jimmy Carter makes appearance at peanut festival ahead of his 99th birthday
Judge asked to decide if Trump property valuations were fraud or genius