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All issuesVolume 298, Issue 4IT NewsAI

Beyond ChatGPT: The Future Of Generative AI For Enterprises

Gartner, January 26th, 2023

ChatGPT, while cool, is just the beginning; enterprise uses for generative AI are far more sophisticated.

Venture capital firms have invested over $1.7 billion in generative AI solutions over the last three years, with AI-enabled drug discovery and AI software coding receiving the most funding.

'Early foundation models like ChatGPT focus on the ability of generative AI to augment creative work, but by 2025, we expect more than 30% - up from zero today - of new drugs and materials to be systematically discovered using generative AI techniques,' says Brian Burke, Research VP for Technology Innovation at Gartner. 'And that is just one of numerous industry use cases.'

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