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This article is the second part of a series on generative AI history. It looks at the foundations of generative AI and how large language models (LLMs) work. It also explores the current landscape of AI chat platforms and where they are headed. LLMs are language models based on neural networks that have been trained on large amounts of text. Foundational models are the superset of LLMs, which are focused on language predictions. Global tech giants and rapid advancements in LLMs are shaping the future of AI.