The AI Revolution: An Overview of Generative AI and Foundation Models

The recent biggest trends in technology revolve around this buzzword that exploded in popularity: Generative AI. After the initial public release of ChatGPT from OpenAI around November 2022, plenty of other chatbots powered by large language models (LLMs), like Google’s PaLM powering Google Bard and Meta’s LLaMa model, took the world by storm. These LLMs have empowered millions of users and developers, affecting various areas of work and thus reshaping the industry. In this article, we will discuss the basic principles and concepts around these LLMs, explain the role of Foundation Models behind them, and explore AI's current integrations and [...]