Generative AI is a type of artificial intelligence technology that can create new content such as text, images, and music that has not been seen or heard before. To accomplish this, the technology employs advanced algorithms and machine learning techniques to analyze and understand patterns in existing data, which it then utilizes to generate new content in a similar style or context.
Recently, there has been a surge of interest in generative AI, with technology firms such as Google and Microsoft investing heavily in developing improved algorithms and models. These new iterations of text and image generators have shown impressive capabilities, with some models able to create content that rivals that of human output.
Despite the rise of AI, concerns have been raised about potential job losses, particularly among artists who fear that AI-powered art tools may threaten their livelihoods. However, it should be noted that AI systems generate content based on existing data and are still limited in producing truly original and unique content at this point.
As we continue into the next phase of the digital age, the Visual Capitalist team has created a comprehensive overview of the key generative AI processes to provide additional context on these systems and how they function. You can find the full infographic below.