Generative AI vs. Predictive AI: The Strategic Choice For Business Leaders
2022 was the "Model T" moment for generative AI, with ChatGPT making its grand entrance and shaking up digital transformation the way Ford changed mobility. The excitement and trust in AI are so real that VCs have funneled $3.9 billion into generative AI in Q3 2024 alone. 49% of companies are allocating new budgets to AI initiatives, and firms like Marsh McLennan have already deployed 40+ AI applications in production.