Generative modeling
Generative modeling, or more generally Generative AI, provides you with the opportunity to generate data that is close to an expected or reference set of data points or distributions, commonly referred to as realistic data. One of the most successful applications of generative modeling has been in language modeling. The success story of Generative Pre-trained Transformer (GPT)-4 and ChatGPT (https://openai.com/blog/chatgpt), a chatbot built on top of GPT-4 and GPT-3.5, and similar tools such as Perplexity (https://www.perplexity.ai/), resulted in the rise in interest among engineers, scientists, people in different businesses such as finance and healthcare, and many other job roles in generative modeling. When using Chat-GPT or GPT-4, you can ask a question or provide the description of an ask, called a prompt, and then these tools generate a series of statements or data to provide you with the answer, information, or text you asked for.
In addition to the successful...