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Generative AI: Concept, Applications and Implications

Daniel Cash () and Nataliya Tkachenko ()
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Daniel Cash: Aston University
Nataliya Tkachenko: Lloyds Banking Group

Chapter Chapter 2 in The Risk of Artificial Intelligence in Credit Ratings, 2025, pp 15-36 from Springer

Abstract: Abstract This chapter introduces the concept of Generative AI, the main form of artificial intelligence being integrated by the credit rating agencies. In this chapter, the book presents a conceptual understanding for the uninitiated so that later analyses have the required foundation. The chapter examines the development of Generative Artificial Intelligence as well as its applicability to a range of sectors that have been actively integrating the technology.

Keywords: Generative AI; Classification systems; Machine learning; Synthetic data; Bias; Decision-making automation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-95543-3_2

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DOI: 10.1007/978-3-031-95543-3_2

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