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Many experts in the economy believe that by the beginning of the next decade, the shift to AI could become a leading driver of global prosperity. The prospective gains to the world economy derive from rapid advances in AI - currently being distended by generative AI, or AI that can create new content,

Looking back at the end of 2022 (November) when the bomb called ChatGPT was dropped by OpenAI, with hindsight, the reverberation wave from that impact has overcome all frictional resistances with no sign of slowing down. Acceleration seems to be the reading from everyone's speedometer. 2023 has undoubtedly been the year of generative AI.

The first online transaction took place in 1994 when a man sold a CD to a friend over the internet. Since then, e-commerce has grown exponentially, and the internet has become an integral part of our lives. In fact, it is difficult to imagine a world without online shopping, social media, and search engines.

There is a buzz or a frenzy depending on your perspective on the use of Generative AI by all the large corporate behemoths and as a result, a surge in the field of Artificial Intelligence (AI). This is no storm in a teacup but rather a technological revolution that is reshaping industries, economies, and societies, respectively.

Generative AI is now on everyone's radar as a viable, transformative technological advancement. Think of electricity - it brought far more than the light bulb and light. When the transformation kicked in, it went far beyond. It heralded a technological change that affected all industries to date. Electric motors in everything that moves are an apt example.