ChatGPT's meteoric rise to becoming the fastest-growing application in human history is indicative of a fundamental shift in the business world. Generative AI has the potential to dramatically enhance productivity and reduce costs, ultimately transforming the way businesses operate. Experts believe that this is just the beginning of what is possible with generative AI, and its transformative impact cannot be ignored. Figure 3. The number of months it took popular applications to reach 100 million users. New Generative AI applications, such as ChatGPT, Bing AI, and Jasper, are now capable of performing tasks that were once considered to be exclusive to humans. These tasks include writing blog posts, designing, writing computer code, and even contributing to the creation of video games and movies. Additionally, they can quickly summarize vast amounts of data and make it accessible through language, which experts believe will fundamentally transform how businesses operate. These new Generative AI tools are user-friendly and can be used by anyone, including individuals without any technical background or specialized machine learning skills. This means that business leaders can start utilizing these tools today to gain a competitive advantage. Gen AI: Revolutionizing the Way Enterprises Work 5