Rise of the ‘prompt economy’

Generative AI could shake up the global economic order, and it is not clear who the winners and losers might be.

Generative AI has captured the public imagination like no other technology in recent memory. PHOTO: REUTERS
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From general knowledge questions to student essays, from haiku to advertising copy, the emergence and use of generative AI has captured the public imagination like no other technology in recent memory.

Commonly associated in the public mind with ChatGPT and Google Bard, generative AI in fact encompasses a wide array of deep learning technologies that are able to comb vast tracts of data – images, text, numbers, software code – and understand and replicate their structures.

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