The tech industry is increasingly embracing generative AI, with its ability to construct natural-sounding sentences instantaneously and its potential to disrupt entire industries. Despite protests from Hollywood screenwriters against the use of generative AI by movie studios, major tech companies are adopting the technology, which could add between $2.6 to $4.4 trillion annually to the global economy, according to a McKinsey report.
Key takeaways:
- Amazon has introduced a new AI-enhanced feature called Let's Chat for its Alexa line of smart home devices, aimed at making conversations more natural and responsive.
- The feature is powered by a large language model (LLM) optimized for voice, smart home, real-time info, and home entertainment, allowing Alexa to provide real-time, accurate information.
- The new AI-powered assistance will be available on all Alexa-equipped devices, including those dating back to 2014.
- The tech industry's focus on generative AI, capable of creating natural-sounding sentences and disrupting industries, could potentially add $2.6 to $4.4 trillion dollars annually to the global economy.