Foundational Models: Building Blocks for Generative AI Applications

Generative artificial intelligence (“GenAI”) technology has given rise to a new class of machine-learning models capable of generating content in response to a user’s input prompts. While developing GenAI models from scratch is costly because of the need for substantial technical expertise and training data, so-called “foundational models” have recently emerged as building blocks that permit developers to extend pre-trained GenAI models to specific use cases without having to incur the