Generative AI can create text, images or videos in response to prompts from a user. It is dramatically reshaping the world’s commerce and industry. It could become a big driver for the world’s GDP in the next decade. It can affect a huge number of jobs, In other words, we say it disrupts the status quo.

The shares of edtech companies are falling as ChatGPT tools are likely to take over what they are doing.

Pearson publisher too have seen a fall in London trading. The Writers Guild of America, an association of 11500 Hollywood scriptwriters demand regulation of AI, and would like AI not to be credited with authorship.

Big Tech Companies are in competition to be in AI space.

Samsung feels that AI can lead to data leakage, and expects employees not to use ChatGPT. Wall Street Banks too would like to restrict the use of this technology.

Geoffrey Hinton who is one of the pioneers of neural networks which is the foundation of generative AI cautions against the dangers of this technology with its quick roll-out.