Understanding Generative AI and Its Impact on Startups
Generative AI (GenAI) is a type of artificial intelligence that creates content, such as text, images, or code, based on the data it's been trained on. For small businesses, this technology has become a revolutionary tool. It helps with tasks that can be time-consuming and complex, such as writing code, editing marketing materials, or navigating legal jargon. As Steven Bright, founder of Skittenz, a company specializing in colorful mitten coverings, puts it, GenAI "gives you stilts to get through an obstacle — to get through a minefield." This metaphor highlights how GenAI enables businesses to overcome challenges and reach goals faster.
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