According to JPMorgan Research, the GenAI boom could ultimately increase global GDP by between $7 and $10 trillion, a rate of growth that could total 10%.
There are plenty of emerging use cases stemming from the success of OpenAI's ChatGPT large-language model (LLM) and its ability to understand prompts and queries on a conversational and contextual level to create impressive visualization and content that improves cost and time efficiency throughout marketing.
Generative AI models can even create code on behalf of users to design websites and create unique on-site experiences for visitors.
One of the key benefits that generative AI offers globally-focused businesses is the luxury of efficiency in cost and time reductions. Through automation technology, businesses can take repetitive tasks away from the responsibility of workers to help allocate more resources to vital operational areas.
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