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Decoding GenAI: 40+ Essential GenAI Terms You Must Know

Inc42 · 1y ago

Decoding GenAI: 40+ Essential GenAI Terms You Must Know

GenAI (generative artificial intelligence) is a rapidly growing trend in the tech industry. In India alone, there are over 100 native GenAI startups, and the global market size for GenAI is projected to reach $552 billion by 2030. With automation becoming more prevalent in business operations, GenAI promises to revolutionize how work is done and improve productivity. It has the potential to impact job roles and reduce the need for manual interventions. To understand and stay updated on GenAI, it is essential to be familiar with the various terms and acronyms associated with it.

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The article discusses the must-know startup terms that every entrepreneur should be familiar with. It covers various terms such as activation, acqui-hire, angel investor, bootstrapping, burn rate, churn rate, crowdfunding, lean, MVP, scalability, traction, unicorn, venture capital, and more. Whether you're starting a new business or already running a startup, understanding these terms is essential for effective communication and decision-making.

Decoding SaaS: 25 Essential Terms Every Founder Must Know

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Decoding SaaS: 25 Essential Terms Every Founder Must Know

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Is GenAI smart enough to avoid bad advice?

Inshorts · 4m ago

Is GenAI smart enough to avoid bad advice?

The speed of GenAI can lead to surface-level answers or hallucinated facts. Without the right human guardrails, insights can be misleading. Firms must build in checks validating data, ensuring bias control, and clarifying sources before acting on AI output. Critical thinking remains essential to ensure AI recommendations aren't taken at face value.

Decoding GenAI’s Game-Changing Impact On Indian Ecommerce Platforms

Inc42 · 1y ago

Decoding GenAI’s Game-Changing Impact On Indian Ecommerce Platforms

The ecommerce sector is leveraging the potential of GenAI to enhance user experience and improve operational efficiencies. Platforms like Amazon and Snapdeal are using GenAI tools to generate comprehensive product descriptions, create rich marketing content, and provide real-time personalized recommendations. GenAI is also being utilized for search and product discovery, analyzing product reviews, and automating customer support through AI-powered chatbots. However, the adoption of GenAI remains a concern for smaller players due to high costs, privacy concerns, and infrastructure requirements. Overcoming these challenges is crucial for widespread integration across the industry.

How GenAI-Led Contract Intelligence Is Redefining Business Relationships

Inc42 · 1y ago

How GenAI-Led Contract Intelligence Is Redefining Business Relationships

GenAI is a step towards achieving artificial general intelligence (AGI) and has various benefits. It can help enterprises save money by reducing costs and improving compliance. In terms of contract management, GenAI can assist by centralizing contracts, identifying contract-centric use cases, and understanding the intended purpose.

TikTok quietly changes user terms amid growing legal scrutiny

Economic Times

Economic Times · 1y ago

TikTok quietly changes user terms amid growing legal scrutiny

TikTok has quietly updated its terms of service, removing rules that required user disputes to be handled through private arbitration. The changes now require complaints to be filed in one of two California courts and suggest legal action must be brought within a year of alleged harm. The move comes as TikTok faces increasing legal scrutiny, including investigations by more than 40 state attorneys general into its treatment of young users. The updated terms have been challenged by lawyers representing guardians and minors, who argue that the changes cannot be agreed upon by minors.

Embarking On An Ethical Journey In Generative AI

Inc42 · 1y ago

Embarking On An Ethical Journey In Generative AI

The rise of generative AI (GenAI) presents both transformative possibilities and ethical challenges. Concerns over privacy, data security, biases, and misinformation need to be addressed. To navigate these complexities, strategies such as mitigating bias, promoting transparency, protecting user privacy, continuous monitoring and evaluation, and engaging stakeholders are crucial. Education and training on GenAI ethics, establishing global ethical standards, and fostering ethics-driven innovation ecosystems are also essential. By addressing these ethical considerations, organizations can ensure responsible and equitable integration of GenAI in society.

Where does the rise of AI put incident responders?

Techradar

Techradar · 1y ago

Where does the rise of AI put incident responders?

The article discusses the integration of AI technologies, particularly generative AI (GenAI), in various industries. It emphasizes the need for humans and GenAI to work together, particularly in digital operations, to achieve optimal results. The author highlights the growing use of GenAI in development teams and the importance of human guidance to inform it with intuition and experience. The article also acknowledges the complexities and challenges AI can bring to technology stacks, emphasizing the need for skilled engineers and incident responders. It concludes that organizations must invest in the right skills and create a work environment that encourages collaboration between humans and AI.

90% of CEOs want to invest in GenAI but 70% don't know how: Aarav Singhal of BCG

Livemint

Livemint · 1y ago

90% of CEOs want to invest in GenAI but 70% don't know how: Aarav Singhal of BCG

The majority of CEOs are eager to invest in generative AI (GenAI), but are unsure about how to proceed, according to Aarav Singhal, managing director and partner at Boston Consulting Group. Singhal stated that while 90% of CEOs see GenAI as a priority for 2024, 70% of them feel they are not doing enough. Singhal emphasized the need to focus on scaling and solving key challenges, and highlighted the three ways GenAI can deliver value: increasing productivity, reimagining processes, and transforming business operations. He advised businesses to emphasize the transformation of people and operations, rather than solely focusing on technology.

Apple will cut off third-party app store updates if your iPhone leaves the EU for a month

The Verge

The Verge · 1y ago

Apple will cut off third-party app store updates if your iPhone leaves the EU for a month

Users in the European Union can now install alternative app marketplaces and access apps offered through these platforms on iOS 17.4 or later, in compliance with the Digital Markets Act. To qualify, your Apple ID country or region must be set in an EU country, and you must physically be located within the EU. Apple only checks device eligibility on-device and does not collect location data to protect user privacy. If you leave the EU, you can still use previously installed apps from alternative app marketplaces, which may receive updates for up to 30 days after your departure. However, you must be physically present in the EU to install new alternative app marketplaces and apps from them.

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