AI isn’t just ChatGPT! There’s a lot more out there Every time someone mentions AI, they're probably

Every time someone mentions AI, they're probably using the term wrong. The term AI is being thrown around constantly nowadays. And when we're talking about AI in 2024, we're generally talking about a specific type of AI called generative AI. These are the chatbots and programs that create human like content from scratch. Things like chatgpt or midjourney. Anything that has text, image, video, audio generation, that's generally going to be generative AI. A lot of people miss the fact that there's a whole other world of AI, and arguably it's been more important to the world of business for a longer time. It's called predictive AI and and understanding the distinction between predictive and generative AI is crucial if you want to be able to make businesses in this space. Predictive AI includes things like recommendation systems, fraud detection and weather forecasting. Stuff that's been around a lot longer than things like ChatGPT. The key difference here is that generative AI generates and predictive AI predicts. Right now, everyone is chasing opportunities in the generative AI space because of programs like ChatGPT. However, there is huge business in predictive AI as well, so do not ignore it. If you want to become an AI expert or consultant, it's important that you learn about both types of AI. Just because we have a hammer doesn't mean that every problem is a nail.