Generative Artificial Intelligence (AI) is a rapidly growing field that focuses on creating new data rather than just analyzing and classifying existing data. Machine Learning is one of the most popular applications of Generative AI, with popular examples such as ChatGPT, DALL-E 2, and Bing AI. AI is a rapidly growing field, with over two billion dollars already invested in Generative AI since 2020, a 425 percent rise. For those new to AI, we have created a detailed AI glossary to help explain the basics of AI, as well as the risks and benefits of AI.