How many types of AI tools are there?

In general, there are 2 types of AI tools: analytical AI tools and generative AI tools. While analytical AI tools focus on analyzing existing data, generative AI tools are capable of creating novel data based on inputs.

Analytical AI tools normally leverage historical data to make predictions, automate processes, and perform tasks that would otherwise be time-consuming for humans. They excel at tasks such as data analysis, pattern recognition, and decision-making based on pre-existing information.

‍Generative AI tools, on the other hand, represent a newer and more innovative branch of artificial intelligence. This type of AI learns from existing data (models) and uses that knowledge to create entirely new data, spanning various formats like text, images, audio, and video. This capability enables generative AI tools to produce original content, often in creative or artistic forms, which has numerous real-world applications, including content generation, AI image generation, art creation, and development of novel solutions in various fields.