Generative AI: Implications and Opportunities for Business

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This Book is designed to provide a comprehensive understanding of generative AI and its implications for businesses. Students will explore the dynamics and impact of generative AI on the economy, society, and work. Throughout the course, they will delve into the anatomy of generative AI models, learn about the basic business models of generative AI applications, and examine the major industries undergoing rapid changes due to generative AI. Additionally, the Book will cover topics related to AI ethics, including ethical and regulatory risks, and institutional approaches to overcome these challenges. Students will also learn how companies and individuals can effectively prepare for the integration of generative AI in the economy.