| | DECEMBER 20248JUST INThe Global Generative AI market size is anticipated to reach USD 266.0 billion by 2032 according to Dimension Market Research. The market is anticipated to register a CAGR of 37.8 percent until 2032.On 11, September 2024, the Commerce Ministry launched the Trade Connect e-platform with an aim to aid existing as well as aspiring exporters to access important trade-related information. This e-platform was launched by Commerce Minister Piyush Goyal."The Trade Connect e-platform, India's one-stop solution for all export-related concerns, is a Chat-GPT-like solution for India's exporters," said Sunil Barthwal, commerce secretary.Business operations across industries are being revolutionized by Generative AI through automating processes, driving innovation & improving productivity. These tools are reshaping the way businesses function right from creating content to developing new services & products. In this article let us look at some of the top 5 generative AI tools which are transforming businesses.Open AI's ChatGPT-4The latest iteration of the Generative pre-trained transformer series ­ Open AI's ChatGPT-4 is a powerful language model. This has been adopted across industries widely. This gen AI tool offers natural language understanding & generation by building on the capabilities of its predecessors. With its ability to perform a wide range of tasks right from drafting emails to generating complex reports, GPT-4 is known for its versatility.GPT-4 is used extensively to generate social media content, press releases, blog posts & newsletters in the marketing & communications landscape. What makes it an invaluable tool for content-heavy industries is its ability to mimic human-like writing styles. Also, many organizations are deploying GPT-4 in customer services for handling troubleshooting issues, and inquiries and providing personalized responses. Therefore, this not only enhances response times but also frees up human agents to focus on complex tasks. By enabling organizations to automate a wide range of jobs that were labor-intensive previously, GPT-4 has revolutionized business operations. The ability of GPT-4 to generate high-quality content as well as analyze data has resulted in significant cost savings & enhanced efficiency. Furthermore, it is helping businesses scale their operations as well as innovate rapidly through improving customer interactions & supporting software development.Anshuman Sharma, who heads cybersecurity consulting services under the Verizon Threat Research Advisory Center (VTRAC), said that, "Just because there isn't a lot of discussion surrounding generative AI's use amongst threat actors doesn't mean that it's non-existent. "It isn't discussed on the dark web or the clear web by the or the clear web by the threat actors, but we already know that there are tools, like WormGPT and FraudGPT, available." MidJourneyIt is an AI tool which specializes in generating high quality images and this is created by leveraging deep learning models for creating high realistic as well as aesthetically pleasing visuals on the basis of textual descriptions. MidJourney is famous among designers, content creators as well as marketers.MidJourney is used for creating visuals for advertisements, marketing campaigns & social media widely. The ability of this tool of generating custom images which align with brand aesthetics allows 8TOP 5 GENERATIVE AI TOOLS REVOLUTIONIZING BUSINESS OPERATIONS
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