Decoded: AI Buzzwords Everyone Talks About - A Straightforward Guide

• Artificial Intelligence (AI) is rapidly reshaping industries and daily digital life, becoming a focal point of global conversations.
• A guide to frequently used AI terms, from LLMs to guardrails, ahead of a mega summit in New Delhi.
• Key terms include AI (simulation of human intelligence by machines), Large Language Models (LLMs) like GPT-4o, and Generative AI (creating new content).
• Understanding 'use cases' (real-world applications), 'algorithms' (rules for processing data), and 'AI guardrails' (safeguards for ethical operation).
• Addressing challenges like 'AI bias' (systematic errors from skewed data) and 'AI hallucination' (generating factually incorrect information).