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Generative AI Explained by AI

By Violeta Todorova, Senior Research Analyst
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AI – The Frontier of the Future

As its name implies, generative artificial intelligence (AI) is capable of “generating” new and original content like text, audio, images, and videos.

Generative AI is underpinned by machine learning, a process by which computers “learn” through analyzing vast quantities of data, autonomously recognizing patterns without external human input.

Generative AI is now capable of performing a wide set of tasks ranging from:

  • Image Processing and Creation
  • Natural Language Processing
  • Speech Recognition
  • Coding

With countless use cases, generative AI has the potential to revolutionize the economy and the many ways in which the world works.

Labor productivity gains from generative AI are expected to deliver at least $6.1 trillion in incremental value to the global economy annually, according to economic and consultancy estimates.1

Digital Disruption

ChatGPT, GPT-3, DALL-E, Stable Diffusion, and other generative AI products have taken the world by storm.

ChatGPT, arguably the most recognizable and popular platform amongst generative AI providers, is a chatbot that produces content based on user input.

Since its launch in 2022, ChatGPT reached its first milestones of 1 million users in just five days and 100 million monthly users in only two months.

Capture the Chatter

Artificial intelligence (AI) continues to revolutionize industry; 177 companies within the S&P 500 cited “AI” during their last quarterly earnings call.

Our Generative Artificial Intelligence ETF (WISE) seeks to track the Solactive Generative Artificial Intelligence Index (SOLGAIN), which identifies 40 companies that derive their revenues from either:

  • Artificial Intelligence
  • Data Analytics & Big Data
  • Natural Language Processing
  • Artificial Intelligence-Driven Services

WISE seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the SOLGAIN Index.

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