Generative AI is a type of artificial intelligence that can create new text, images, video, audio, or code in response to inputted prompts. It is used by a wide range of users, including auditors, educators, developers, and businesses across various industries. Auditors can use generative AI models to reveal potential risks by feeding it relevant data and asking it to look for odd or unexpected patterns. In education, ChatGPT is widely used to help students, teachers, and researchers. Developers can also benefit from generative AI by using coding assistants to generate content recommendations from natural language prompts, which can improve productivity. Additionally, generative AI can be used in various industries, such as healthcare, finance, and entertainment, to generate high-value artifacts such as video narrative training data, designs, and schematics.
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