Gartner's panel discussion on generative AI explores how this technology will transform industries. Generative AI refers to AI techniques that learn from a representation of data and models to generate new artifacts. Large language models (LLMs) are a type of foundation model that can interpret and generate human-like text. ChatGPT is an OpenAI service that incorporates a conversational chatbot with LLM to create content. The value of generative AI is considered low, but there are emerging value stories. The feasibility of implementing generative AI is also considered low, and businesses need to consider the readiness of their partners, customers, and regulators before adopting this technology.
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