Generative Artificial Intelligence

Generative Artificial Intelligence

Generative artificial intelligence (AI) is one of the fastest growing technologies in the world.

It is expected that in the period 2021-2026 the generative AI market will grow from $1.5 billion to $6.5 billion, at a compound annual growth rate of 34.9%.

According to the World Bank experts, the key advantages of generative AI are creativity and scalability. The technology allows you to create innovative personalized content, generate ideas in a visually appealing form in various fields. AI models can be used to automate and discover patterns, which greatly improves efficiency and productivity.

In 2020–2023 venture capital firms have invested more than $1.7 billion in generative AI technologies, with most of the investment directed towards the development of new drugs or software.

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