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GenAI is a subset of AI that can generate content such as text, images, music, etc. It leverages deep learning to understand patterns and relationships from large datasets and uses that knowledge to generate original content. GenAI is powered by massive amounts of data, neural networks, enormous computational power, and open source collaboration. Examples of GenAI models include GAN, RNN, VAE, and Transformers, which are often used for computer vision and natural language processing. GPUs and TPUs are used to train generative models and produce more coherent and contextually relevant outputs.