GPT by OpenAI: This is an advanced language model series known for its ability to generate coherent and contextually relevant text based on given prompts. It's used in applications like chatbots, content creation, and language translation.DALL-E by OpenAI: A specialized AI for generating images from textual descriptions, DALL-E is known for its creativity and ability to create complex and detailed images based on specific prompts.DeepMind's AlphaFold: This AI system is used for predicting protein structures with remarkable accuracy, which is a significant advancement in biological research and

Focusing exclusively on GenAI is a guarantee to fail. To unlock the full potential of AI, adopt a holistic approach that integrates GenAI with alternative AI techniques, ensuring that investments are aligned with real business needs and not limited by the hype cycle of any single technology.

In particular, avoid using GenAI for:

• Prediction and forecasting: GenAI models are not well-suited for tasks that require numerical predictive modeling. They lack the explicit optimization and planning capabilities necessary for valuable forecasting tasks. Alternative AI techniques, such as traditional machine learning models, are more reliable for these use cases.

• Critical decision intelligence: The models may produce inaccurate or misleading outputs that inform poor decisions. Use alternative AI techniques that provide more robust and interpretable results for decision-making processes. 

• Handling sensitive data: When dealing with proprietary, sensitive or confidential information, using GenAI — especially public instances — can introduce risks related to data privacy and security. 

• Complex problem domains: GenAI may struggle where there is limited training data or where the relationships between data points are not well understood. In such cases, simpler AI techniques or rule-based systems may yield better results.

ChatGPT is a specific type of generative AI. While generative AI broadly refers to AI systems that create new content, like text, images, or music, ChatGPT focuses specifically on generating human-like text based on the input it receives, often used for conversation, answering questions, and similar language-based tasks.