Highlights:
- Generative AI, the technology underlying ChatGPT, is poised to disrupt nearly every industry in which knowledge from written records, videos, or images can be digitized.
- Generative AI democratizes AI access by providing a natural language interface and lower barriers to entry, making it cheaper and more effective to use for companies.
- In the medium term, generative algorithms will drive innovation through "transfer learning," allowing for new capabilities in various industries such as biopharma, engineering, and software development.