Generative AI is a rapidly developing field, and recent news highlights its growing importance and potential. Some of the latest developments include the rise of transformers, a type of neural network, for tasks such as text and image generation and protein folding[\[1\]](https://www.forbes.com/sites/konstantinebuhler/2023/04/11/ai-50-2023-generative-ai-trends/). Generative AI is also opening up new strategic paths for businesses, while bringing heightened competition and serious risks[\[2\]](https://hbr.org/podcast/2023/05/how-generative-ai-changes-strategy). Regulators are working to develop rules and guidelines for generative AI, which has become known for making mistakes and spewing up misinformation[\[3\]](https://www.reuters.com/technology/regulators-dust-off-rule-books-tackle-generative-ai-like-chatgpt-2023-05-22/). The enterprise market is also taking notice, with companies like Jasper AI offering generative AI platforms for businesses[\[4\]](https://www.spglobal.com/marketintelligence/en/news-insights/research/generative-ai-digest-a-roundup-of-latest-breakthroughs-and-developments).
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