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The arrival of generative AI and large language models (LLMs) is shaping up to offer solutions for tackling complex challenges and unlocking new possibilities of creativity and innovation. By having the ability to generate content, generative AI has the potential to revolutionize industries, especially when combined with the power of IoT. Generative AI offers capabilities such as creating synthetic datasets, enhancing predictive maintenance, optimizing energy management, improving supply chain management, and enabling autonomous decision-making.