GenAI is transforming various industries by enabling new forms of creativity, productivity, and problem-solving. It is impacting how people create content, interact with technology, and even how businesses operate. 

Generative AI creates new content, like text or images, based on patterns in data. Large Language Models (LLMs) are a powerful form of this AI, generating human-like text, while Small Language Models (SLMs) focus on specialized tasks with less data. Retrieval-Augmented Generation (RAG) enhances these models by pulling in external information for more accurate results.