How does Faethm summarise the impact of Generative AI on the workforce?

GenAI has two types of impact:

1. It accelerates tech adoption

2. It directly has an impact on human work. It creates content by simplifying information and reconstructing it.

  • Large Language Models (LLMs) like chat GPT are a category of GenAI
  • GenAI is mostly an augmenting tech at the moment as it is early days, but there’s an opportunity for it to fully replace tasks in the future