Current:Home > StocksWhat is generative AI? Benefits, pitfalls and how to use it in your day-to-day. -Core Financial Strategies
What is generative AI? Benefits, pitfalls and how to use it in your day-to-day.
View
Date:2025-04-15 16:23:53
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! (15)
Related
- Federal hiring is about to get the Trump treatment
- Where do trafficked animals go after they're rescued? This network could be the answer
- Semien’s 5 RBIs, Seager’s home run lead Rangers over Diamondbacks 11-7 for 3-1 World Series lead
- Maine gunman is the latest mass shooter with a military background. Experts explain the connection.
- This was the average Social Security benefit in 2004, and here's what it is now
- Maine gunman may have targeted businesses over delusions they were disparaging him online
- FDA warns that WanaBana fruit pouches contain high lead levels, endangering children
- Ariana Grande Supports Boyfriend Ethan Slater as He Kicks Off Broadway’s Spamalot Revival
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Sentencing postponed for Mississippi police officers who tortured 2 Black men
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Officials say small plane crash in southwest Nebraska kills 1, seriously injures another on board
- Does a temporary job look bad on a resume? Ask HR
- Japanese automaker Toyota’s profits zoom on cheap yen, strong global sales
- Nevada attorney general revives 2020 fake electors case
- 2034 World Cup should never go to Saudi Arabia. But FIFA turns a blind eye to sports washing
- North West Proves She's Following in Parents Kim Kardashian and Kanye West's Footsteps in Rare Interview
- Sherri Shepherd Invites You to Her Halloween Renaissance With Must-See Beyoncé Transformation
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Sherri Shepherd Invites You to Her Halloween Renaissance With Must-See Beyoncé Transformation
South Korean auto parts maker plans $176M plant in Georgia to supply Hyundai facility, hiring 460
With 'Five Nights at Freddy's,' a hit horror franchise is born
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Investigation finds a threat assessment should have been done before the Oxford High School shooting
4 Pennsylvania universities closer to getting millions after House OKs bill on state subsidies
AP PHOTOS: Israeli families of hostages taken to Gaza caught between grief and hope as war rages on