Unleashing the Power of Generative AI: The Race for Advancement and the Global Ramifications

Abstract

Generative AI, including language models like ChatGPT, has had a significant impact on a wide range of industries and applications. It has created new opportunities in industries like content creation, marketing, and design thanks to its capacity to produce high-quality text, images, and other types of media. The increased use of generative AI has, however, also sparked a global arms race for supremacy in the area.

Concerns have been raised about the potential misuse of generative AI technology, including the production of fake news, propaganda, and deepfakes, as countries and corporations compete for control over it. The creation of highly sophisticated generative AI systems has also sparked discussions about the moral and societal ramifications of making machines that can generate content on their own with little to no human input.

Despite these worries, generative AI will probably continue to have a positive social impact in the years to come. The potential for industries to undergo a revolution and for our interactions with media and information to change as technology becomes more widely available and sophisticated. As a result, it is critical that we keep a close eye on its development and application while also attempting to address any potential ethical and societal issues that may come up.

Through this research, I will analyze the holistic view of generative AI and raise up concerns about the effect of AI growth & global repercussions to such tension in the race for superior generative AI. Additionally, I will take parallels from past disruptive technologies to forecast the outcome of generative AI’s abrupt changes to society.