Generative AI: A New Frontier of Creativity and Innovation

AI generated art

Generative Artificial Intelligence

Artificial intelligence (AI) is not only a powerful tool for solving problems but is also a source of creativity and innovation.

Generative AI is a type of AI that can create new and realistic content, such as images, text, music, software, and product designs, by learning from existing data and generating novel outputs that reflect the characteristics of the training data but do not repeat it. 

Gen AI uses various techniques, such as deep neural networks, transformers, and generative adversarial networks, to model the complex patterns and structure of the input data and produce diverse and high-quality outputs.  Generative AI can also respond to natural language prompts, allowing users to interact with the system and specify their desired outcomes. 

Generative AI has many potential applications across different domains and industries.

Software development

GAI (Generative AI) can help developers write code faster and easier by generating suggestions, corrections, or completions based on the context and the user’s intent. For example, Copilot is a generative AI system that can assist developers with coding tasks by learning from billions of lines of code. 

Healthcare

Generative AI can help researchers discover new drugs, treatments, or vaccines by generating novel molecules, proteins, or antibodies that have the desired properties and functions. For example, Insilico Medicine is a company that uses generative AI to design new drugs for aging and age-related diseases.

Entertainment

Generative AI can help artists, musicians, writers, or filmmakers create original and engaging content by generating images, sounds, text, or video that match their style and preferences. For example, Stable Diffusion is a generative AI system that can create realistic and diverse images from text descriptions.

Customer service

Generative AI can help businesses provide better and more personalised service to their customers by generating natural and human-like responses, recommendations, or solutions based on the customer’s needs and preferences. For example, ChatGPT is a generative AI chatbot that can have very human-seeming interactions with users.

Unlocking potential or unleashing the ‘genie’?

Generative AI is a new frontier of creativity and innovation that can unlock new possibilities and opportunities for humans and machines.

Unlocking potential or unleashing the ‘genie’?

However, generative AI also poses some challenges and risks, such as ethical, legal, social, and security issues, that need to be addressed and regulated. Therefore, it is important to develop and use generative AI responsibly and ethically, with respect for human values and dignity. 

Baidu launches raft of AI applications after its Ernie chatbot receives massive public approval

AI chatbot

More than 6 million users already

Baidu also announced that more than 6 million users have used an AI powered tool that sits inside its Google drive-like cloud product.

At the 4th September event, Baidu also demonstrated ‘displayed generative’ AI-based products that could assist with traffic management, financial research and coal mine logistics.

ChatGPT, from Microsoft-backed OpenAI, is not officially available in China, where Google and Facebook are blocked.

10 new AI products announced by Baidu

Chinese tech giant Baidu announced more than 10 new AI-based applications on 4th September 2023, just days after its ChatGPT-like Ernie bot was released for public use.

Among the products revealed was a generative AI-integrated word processing app called WPS AI, created by Shanghai-listed Kingsoft Office. It was reported the company built the tool using the AI model on which Baidu’s Ernie bot is based, as well as Baidu’s ‘Qianfan’ cloud platform for AI models.

‘This AI malarchy is progressing at quite a rate’.

Nearly 10,000 businesses are actively using Baidu’s Qianfan cloud platform each month, the company claimed.

AI assistant

Baidu also announced that more than 6 million users have used an AI-powered tool that sits inside its Google drive-like cloud product. The AI assistant can search documents, summarize and translate text and create content, the company claimed.

It wasn’t immediately clear to what extent those products were available for public use.

On 31st August 2023, Baidu released its Ernie bot to the public, signaling government approval of the AI-powered chatbot. Other Chinese companies also released similar AI products around the same time.

Adobe hunting for potential future AI software top spot – STOCK WATCH

Adobe Firefly

The creator of Photoshop and InDesign launched a generative AI tool called ‘firefly’, which has recently gained traction. It is quite possible that Adobe has one of the best AI generative tools available and it’s worth checking it out as a stock to *invest in.

Firefly enables users to edit through simple typed commands

Adobe Firefly is a generative AI-powered content creation tool from Adobe that allows you to experiment, imagine, and create an infinite range of images with simple ‘text’ prompts. 

You can use Firefly to generate images from a detailed text description, apply styles or textures to words and phrases, use a brush to remove objects or paint in new ones, generate color variations of your vector artwork, and more. 

Adobe Share Chart as at 5th september 2023

Morgan Stanley thinks Adobe can benefit from artificial intelligence-powered products even more.The bank upgraded Adobe to overweight from equal weight.

Bank of America has also upgraded Adobe to buy with a revised target price of $63000 per share.

Definitely one to watch!

*Please do your own careful research – this is not a recommendation but simply an observation. Remember RESEARCH! RESEARCH! RESEARCH!