Abstract

Generative AI is omnipresent in our daily lives, influencing everything from media and entertainment to personal care and healthcare. The Fourth Industrial Revolution has brought about significant developments in artificial intelligence, such as ChatGPT, which have gained prominence and changed the way data is created and produced. This chapter highlights the current use of AI in natural language processing. These models are based on machine learning. This chapter examines these models' possible benefits to the economy. The potential influence of generative AI on productivity might boost the world economy. All industry sectors will be significantly impacted by generative AI. The economy as a whole can benefit greatly from generative AI's ability to boost labor productivity. We can utilize generative AI's promise to build a more just, inclusive, and sustainable future for all people if we are aware of how it affects society. This chapter offers a comprehensive analysis of the potential exposure of generative AI, in particular to generative pre-trained transformers.

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