How Generative AI is Fuelling Curated Shopping in Retail
When GenAI hits the shopping basket
Generative Artificial Intelligence (GenAI) is currently a trending topic, fueled by the rapid adoption and popularity of ChatGPT. This surge in interest has ignited discussions about its potential disruption in various industries, including retail, education, healthcare, financial services, and more.
In its simplest form, GenAI comprises algorithms capable of creating new and realistic content — whether in the form of text, images, or audio. Unlike Predictive AI, which adheres to predefined rules for specific tasks and is confined to its programmed rules and discriminative models, Generative AI exhibits adaptability, enabling it to handle novel scenarios effectively.
Generative AI works in the following way:
- The information on a subject, or corpus, is derived from data, text, or other forms, and divided into tokens.
- Each token represents a consumable piece of the source material, like a word segment or a small pixel roofing.
- Through training via prompts, fine-tuning, and embeddings, these tokens can generate patterns.
- These patterns are then utilised to create foundational models, which, in turn, serve as the basis for various response-based interactions known…
