Current:Home > InvestWhat is generative AI? Benefits, pitfalls and how to use it in your day-to-day. -WealthRise Academy
What is generative AI? Benefits, pitfalls and how to use it in your day-to-day.
View
Date:2025-04-12 03:05:39
Artificial intelligence is a phrase that can inspire awe or fear, depending on who you’re talking to.
But whether we like it or not, it seems AI is here to stay. The overall market is projected to reach $1,339 billion by 2030, according to a MarketsandMarkets forecast. One Forbes survey showed 77% of respondents were worried AI will cause job loss.
This fear is valid, says Manasi Vartak, the chief AI architect at Cloudera, but it may ultimately hold workers back – instead, you might risk losing your job to someone more open to embracing new technology.
What is generative AI?
Generative AI helps us go “from imagination to reality,” says Joe Edwards, director of product marketing at automation software company UiPath.
Generative AI can create words, music, pictures or videos from just a few suggestions. It’s caused a stir on social media this year as AI art, fake images of celebrities and posthumous music have begun to circulate.
Generative AI systems are trained on large amounts of data, studying pictures, videos and the way people operate online, Edwards says. These advanced learning machine models can then identify patterns and create content of their own.
“Before, AI was what we call ‘predictive,’ it can tell whether a tweet or a news story is positive or negative,” Vartak says. “But now you can write a whole news story, which is creating content from scratch, which is why this is so different and mind-blowing.”
Generative AI has both strengths and weaknesses.
For example, it's great at writing, Vartak says. It can draft a tweet, an email or create an elaborate, fantastical story. Sometimes it can break down complex topics to help you summarize information or learn. It can also handle menial day-to-day tasks like transcribing meetings and sorting data.
But it can often get too imaginative and leave you with incorrect or misleading information. For instance, if you ask ChatGPT “How many ‘r’s are in the word strawberry?” you’ll repeatedly receive wrong answers.
“It can sound very confident as it lies to you,” Edwards says.
When a large language model perceives nonexistent patterns or spits out nonsensical answers, it's called “hallucinating.” It's a major challenge in any technology, Vartak says. If you ask it to summarize an article or paper, it may get only 80% right.
Some wrong answers have low stakes and are pretty funny, while others can spread dangerous misinformation. When Google debuted its AI overview earlier this year, one viral answer said “Doctors recommend smoking 2-3 cigarettes per day during pregnancy.”
And as a man-made creation, generative AI can amplify human biases. AI images can perpetuate harmful racial and gender stereotypes, the Washington Post found in 2023.
“These models were trained on data that exists in the world, which is biased, so it might not have representation from women, from minorities, from LGBTQ (communities), from people of color,” Vartak says. “If we only take what the technology tells us as gospel, we’re going to miss out on those stories entirely.”
How to use generative AI
Keep a human in the loop, Vartak says. Generative AI should be your navigation partner, not your driver.
“Give it some ideas, let it generate some text, then go and review it, make sure that’s accurate,” she says. “Trust but verify.”
Edwards used a generative AI program to sort through the mounds of emails he had after he got back from paternity leave. You can also use it as a brainstorming partner to plan your kid’s birthday party or an upcoming trip.
Aspiring chefs can try it in the kitchen to help with recipe generation. Musicians can experiment with custom track makers and some prospective homeowners are using it to buy a house.
There are also business uses, which can be tailored specifically to your job. For teachers, unfortunately, this means developing an eagle eye for ChatGPT-generated essays and answers from students. In health care, some doctors are using AI to improve patient visits and translate visit notes into understandable terms. Some AI systems can detect breast cancer, pulmonary embolism and strokes and may lead to life-saving, earlier diagnosis.
Software companies like Cloudera and UiPath create tailor-made private AI systems trained on smaller amounts of data to avoid leaks and hallucinations.
Both Vartak and Edwards recommend taking a stab at generative AI – it can be as low-commitment as playing around with ChatGPT or a more involved free online training course.
“Think of it as your sidekick,” Vartak says. “You’re going to be able to utilize it to … have more fun and be more productive in your daily lives. I think all new tech is hard, but this one is here to stay and it can be a force for good.”
AI can spread misinformation:Here's how to spot it online
Just Curious for more? We've got you covered.
USA TODAY is exploring the questions you and others ask every day. From "How to lucid dream?" to "What did Albert Einstein invent?" to "What is the most spoken language in the world?" – we're striving to find answers to the most common questions you ask every day. Head to our Just Curious section to see what else we can answer for you.
veryGood! (8)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- JFK's only grandson is doing political coverage for this outlet. It's not a surprise
- Cillian Miller's Journey in Investment and Business
- JFK's only grandson is doing political coverage for this outlet. It's not a surprise
- Sonya Massey's father decries possible release of former deputy charged with her death
- West Virginia police chief responsible for hiring of officer who killed Tamir Rice steps down
- Travis Kelce Reveals Eye-Popping Price of Taylor Swift Super Bowl Suite
- United Airlines jet makes unscheduled landing in Florida after a passenger fights with a crew member
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- North Dakota lawmaker reaches plea agreement after May arrest for impaired driving
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- ACC lawsuit against Clemson will proceed after North Carolina judge denies motion to stay
- Brittany Mahomes Gives Patrick Mahomes a Hair Makeover
- How to help victims of Hurricane Beryl − and avoid getting scammed
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Sophia Bush Shares Insight Into “Priceless” Friendship With One Tree Hill Costar Hilarie Burton
- Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion
- Top 3 candidates to replace Gregg Berhalter as US coach after firing
Recommendation
North Carolina justices rule for restaurants in COVID
Scarlett Johansson says 'Poor Things' gave her hope for 'Fly Me to the Moon'
Horoscopes Today, July 10, 2024
Iranian court orders US to pay $6.7 billion after sanctions allegedly stopped special bandage supply
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Wildfire risk rises as Western states dry out amid ongoing heat wave baking most of the US
Fewer Americans apply for jobless claims last week as labor market remains sturdy
14-foot crocodile that killed girl swimming in Australian creek is shot dead by rangers, police say