From Fun to Serious – The Power of Generative AI

The Story of a Medical Diagnosis

John had been experiencing mysterious symptoms for weeks, but none of the tests done by his primary care physician could pinpoint the problem. Frustrated, John turned to an app that he had heard about from a friend. The app, powered by a Generative AI, asked John a few questions about his symptoms and then analysed his responses against its vast database of medical cases.

Within minutes, the app provided John with a diagnosis that turned out to be accurate after further tests done by a specialist. John was relieved to finally get an answer and treatment for his condition.

This is just one example of how Generative AI is changing the way we approach problems and providing solutions that were not possible before.

Generative AI has several real-world applications beyond fun and games in Instagram. Here are a few quantifiable examples:

• Healthcare: Generative AI can be used for medical diagnoses, drug discoveries, and treatment plans. For example, a study published in the Journal of Medical Internet Research found that Generative AI was able to accurately diagnose melanoma skin cancer with a precision of 90.3%.
• Finance: Generative AI can be used for fraud detection, portfolio management, and risk assessment. For example, a report by Emerj found that banks using Generative AI for fraud detection reduced false positives by up to 60%.
• Creative Industries: Generative AI can be used for music composition, painting, and fashion design. For example, a Reuters article reported that AI-based fashion design platform, SAINT, has created clothing designs that have been worn by celebrities and sold in major retailers.

Conclusion

Generative AI has come a long way since its inception, and its potential applications are vast and diverse. In conclusion, here are three points to keep in mind:

1. Generative AI can provide solutions to problems that were previously unsolvable.
2. Generative AI needs to be developed ethically and responsibly to prevent unintended consequences.
3. Generative AI can enhance human creativity and productivity, but it is not a replacement for human intuition and judgement.