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What is Generative AI versus AI?
The CLO’s guide to Generative AI risks and opportunities
What Generative AI isGenerative AI (GenAI) is a subset of AI that empowers machines to imitate the creative human process to produce original content such as text, images, code, voice, and video rather than merely interpreting existing data.1 GenAI has the potential to add contextual awareness and humanlike decision making to enterprise workflow. It is powered by large datasets or foundation models, and the algorithms utilized to interpret this data are modeled after the neurons of the human brain. GenAI is different from earlier iterations of AI in three key ways. 01. It’s trained on a large set of data. 02. It’s designed to respond to natural language instructions. 03. It can generate unique content that looks and sounds like it was created by a human.2 |
What Generative AI is not
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Other Generative AI topics to explore
Learn about other areas of Generative AI and how it impacts CLOs and their teams. From the basics to the more complex challenges, these resources are designed to help you navigate GenAI’s legal implications and risks with ease.
1 Deloitte, "Benefits and limitations of Generative AI," 2023; Artificial Intelligence Act, "The Artificial Intelligence Act - Regulation (EU) 2024/1689," accessed June 14, 2023.
2 Beena Ammanath et al., Generative AI is all the rage, Deloitte AI Institute, 2023.
3 Gopal Srinivasan et al., A new frontier in artificial intelligence, Deloitte AI Institute, 2023.
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Erin Hess
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Deloitte Transactions and
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