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Generative AI is a type of artificial intelligence that can create new content based on data, rather than simply perceiving and classifying. It is becoming increasingly popular as it can be used to develop realistic and engaging content. Large Language Models (LLMs) are a type of AI model that is trained on a massive dataset of text and code and can be used to generate text, translate languages, write creative content, and answer questions. This article provides an overview of Generative AI and LLMs to help the board community form an understanding of these exciting new developments and how they can apply to various business functions.
