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The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
Business Model Canvas; Developed by A. Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, the business model canvas [2] [60] is one of the most used frameworks for describing the elements of business models. OGSM; The OGSM is developed by Marc van Eck and Ellen van Zanten of Business Openers into the 'Business plan ...
Ideogram was founded in 2022 by Mohammad Norouzi, William Chan, Chitwan Saharia, and Jonathan Ho to develop a better text-to-image model. [3]It was first released with its 0.1 model on August 22, 2023, [4] after receiving $16.5 million in seed funding, which itself was led by Andreessen Horowitz and Index Ventures.
The use of AI in applications such as online trading and decision-making has changed major economic theories. [65] For example, AI-based buying and selling platforms estimate personalized demand and supply curves, thus enabling individualized pricing. AI systems reduce information asymmetry in the market and thus make markets more efficient. [66]
Industrial artificial intelligence, or industrial AI, usually refers to the application of artificial intelligence to industry and business. Unlike general artificial intelligence which is a frontier research discipline to build computerized systems that perform tasks requiring human intelligence, industrial AI is more concerned with the application of such technologies to address industrial ...
A use case diagram [1] is a graphical depiction of a user's possible interactions with a system. A use case diagram shows various use cases and different types of users the system has and will often be accompanied by other types of diagrams as well. The use cases are represented by either circles or ellipses. The actors are often shown as stick ...
Generative artificial intelligence (generative AI, GenAI, [1] or GAI) is a subset of artificial intelligence that uses generative models to produce text, images, videos, or other forms of data. [ 2 ] [ 3 ] [ 4 ] These models learn the underlying patterns and structures of their training data and use them to produce new data [ 5 ] [ 6 ] based on ...
A foundation model, also known as large X model (LxM), is a machine learning or deep learning model that is trained on vast datasets so it can be applied across a wide range of use cases. [1] Generative AI applications like Large Language Models are often examples of foundation models.