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GenAI is a rapidly growing technology that promises to revolutionize business operations and boost productivity. With over 100 native GenAI startups in India and a projected global market size of $552 billion by 2030, it is clear that GenAI is here to stay. As India aims to become a $7 trillion economy by 2030, automation through GenAI will play a crucial role. This article provides a comprehensive guide to understanding GenAI and its related terms.