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General AI mindmap

The document discusses the rapid growth of the generative AI market and its potential to transform business models across industries. Generative AI can create original content and automate tasks requiring natural language understanding, but it also poses challenges such as job displacement and market disruption. To address these issues, the document suggests workforce training, new policies, and the development of a national AI strategy to ensure responsible deployment and support for affected workers.

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2 views

General AI mindmap

The document discusses the rapid growth of the generative AI market and its potential to transform business models across industries. Generative AI can create original content and automate tasks requiring natural language understanding, but it also poses challenges such as job displacement and market disruption. To address these issues, the document suggests workforce training, new policies, and the development of a national AI strategy to ensure responsible deployment and support for affected workers.

Uploaded by

malhotra.rajeev52
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Insights Mindmap

General Studies-3; Topic: Science and Technology- developments and their applications
and effects in everyday life.

Generative Artificial Intelligence (AI)


Introduction
• The global generative AI market is projected to experience explosive growth in the coming years.
• As the commoditisation of AI services becomes more widespread, business models of industries will
change drastically.

What is generative AI?


• Generative AI, sometimes called gen AI, is artificial intelligence (AI) that can create original content—
such as text, images, video, audio or software code—in response to a user’s prompt or request.
• Generative AI relies on sophisticated machine learning models—algorithms that simulate the
learning and decision-making processes of the human brain.

AI Future
• LLMs (Large Language Models) and Generative AI are set to automate various tasks that require
natural language understanding.
• That includes summarisation, translation, answering questions, coding, and even conversation.
• AI-powered coding assistants like ChatGPT and Amazon CodeWhisperer are rapidly gaining
popularity and helping developers undertake routine tasks.
• Ninety-two per cent of programmers based in the US are now leveraging AI to supplement their
coding abilities.

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Insights Mindmap

Benefits
• A large majority of developers believe that AI coding tools will give them an edge in the workplace.
• Benefits from using AI coding assistants, include accurate, efficient and faster coding.

Concerns / Challenges
• Disruption of markets, creation of inequalities, reduction of incentives for human creativity and
innovation, and the displacement of workers.
• This will create hundreds of millions of unemployed skilled and semi-skilled workers.
• It will also impact developed and developing nations differently.
• Nations and societies that do not rapidly reskill their workforce will be disproportionately affected.
• In India, sectors that involve routine information processing will be affected.
• India is not as well-prepared as China and the US to face the onslaught of Generative AI and related
technologies.
• There are limitations in access to cloud computing in India for training large language models.
• Lack of coordination between academia and industry in India.
• Data security and privacy concerns.

Way Forward
• Workforce training programmes, new policies, and social support measures that help people
through this transition are the need of the hour.
• Incentivisation of the transition of workers by helping them gain new technical skills should be a high
priority.
• The state can think of providing tax breaks and other incentives to help businesses retrain workers.
• Creating income supplement opportunities and job placement services to help displaced workers
apply for new roles.
• Develop a comprehensive national AI strategy that connects stakeholders to provide a roadmap for
responsible AI deployment.
• Establish AI policy think tanks and research institutes to foster AI innovation and nurture talent.
• Incentivise businesses to invest in AI R&D and support workers’ training for the changing
technological landscape.

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