Generative Artificial Intelligence – Foundations, Use Cases and Economic Potential

Delivering sustainable economic growth
Mar 11, 2024 | Intereconomics

A key technology driving digitaltransformation is artificial intelligence (AI), which has gained suddenmomentum and a high degree of public attention with the release of the chatbot ChatGPTin November 2022. ChatGPT is an AI-based application developed by Open AI that individualscan experiment with and use. In his article for Intereconomics, VolkerBrühl provides an overview of the foundations ofgenerative AI (GAI), including machine learning; important players in thisemerging market; possible use cases; and the economic potential as of today. Hereviews the status of the forthcoming European Artificial Intelligence Act(AI Act), which will be an important milestone in developing a regulatoryframework for trustworthy AI in Europe and beyond.

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