Generative AI Company and Development Partner

FAQ

• What is the price to develop generative AI solutions?

  It’s difficult to pin down an exact figure as the accurate pricing depends on a large number of factors. At our generative AI company, the average cost starts from $10,000 and more depending on the project requirements.

  The cost varies based on the complexity of your solution (consume vs. customize), a particular business case, and a specific service (consulting vs development). As we typically build on top of the existing large language models (GPT, DALL-E, etc) and customize them for your unique business needs, the costs are lower than training an AI model from scratch.

• What does generative AI do?

  Generative artificial intelligence is an area of machine learning in which algorithms are designed to generate new data or content based on the training data. It can produce multiple types of content, including text, audio, and video.

  Examples of generative AI include a large language model that consists of a neural network with multiple parameters. Large language models are trained on large quantities of unlabelled data to generate outputs.

  Companies using generative AI apply the technology in a broad range of tasks – from business-centered to customer-focused functions.

• What are the common applications of generative AI?

  Generative AI use cases span the following areas:

  • Generative AI customer service
  • Marketing and sales
  • Administrative tasks
  • Recruitment
  • Business and customer analysis
  • Fraud detection

  Top generative AI companies rely on language models to automate their customer support and enable personalized interactions with customers. Other high performers apply the technology to analyze vast amounts of data, generate reports and alerts, and handle documentation.

  Language models also power chatbots, summarize texts to enable detailed social listening, and track consumer sentiment across channels.

• What industries use generative AI?

  The technology made inroads in many industries, including retail, healthcare, banking, education and manufacturing.

  • Generative AI healthcare – patient-facing assistants, enhanced clinical decisions, easier data management.
  • Banking – automated customer service, optimized loan origination, fraud detection.
  • Retail – real-time personalization, self-service capabilities, streamlined product research and analysis.
  • Education – personalized learning, curated materials, supplementary solutions.
  • Manufacturing – product defect analysis, supplier management, supply chain management.
• How does generative AI work?

  To produce accurate output, a large language model must be trained on terabytes of data. Relying on neural networks, machine learning, and natural language processing, it identifies the patterns and structures within existing data to produce new content. The unique capability of the model is also its ability to leverage different learning approaches. This makes it a universal tool to tackle a wide number of business challenges while supporting multiple applications.

• Is Chat GPT generative AI?

  Yes, Chat GPT is a type of generative artificial intelligence called a large language model.