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Generative AI (GenAI) is gaining traction globally, with corporations piloting it, venture capitalists financing it, developers adopting it, and researchers dwelling on it. GenAI can automate human tasks by assigning them to software and provide advanced tools and techniques to humans, thus enabling human augmentation. GenAI has significant applications in business that span core functions such as marketing and sales, product development, engineering, supply chain or operations, and support functions such as IT, risk and legal, talent and HR, strategy or finance. GenAI can also be applied in the traditional world of law, where it can assist in drafting and reviewing legal documents.