New generative AI technologies like ChatGPT, Bing, and Gemini are poised to disrupt industries, yet AI has been used in various fields for decades.
AI's complexity can be classified into four main categories, with Narrow AI being a form that excels in specific tasks like chess-playing or disease diagnosis.
Narrow AI systems are known for their capability in specific tasks, outperforming humans when parameters are known; their application is limited to defined scenarios.
As companies adopt new AI technologies, it is crucial for leaders to differentiate between AI and machine learning, understanding their applications and capabilities.
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