Silicon valley so far was enthusiastic about cryptos and metaverse. The new term that has taken the Valley by storm is Generative AI.

In October 2022, a party was thrown by a startup — Stability AI. The venue was San Francisco Exploratorium. This startup has developed an image-generating algorithm called StableDiffusion. It has created most buzz in recent times. It is open source and free to use. Anyone can view the code and download it. More than 2 lac people downloaded it since it was released in August 2022. Many luminaries attended the event.

As we know, generative AI does not just analyse existing data but creates new text, images, videos, code snippets and more. Generative AI apps turn text prompts into images.

Dall-E-2, the image generator that OpenAI released has 1.5 million users everyday. Midjourney, another AI image generator has 3 million plus users. Google and Meta have built their own image generators.

There is Jasper, a year old, AI copywriting app. Generative AI could be applied to areas such as gaming and advertising.

The safest things is to have generative AI publicly available. It should be governed by the communities and not by Big Tech. One can interrogate the data sets, the model and the code of StableDiffusion and other software being developed.