We’ve had DeFi, CeFi, ReFi and more, but now it’s time for GeFi.
If those phrases confuse you, we have Decentralised Finance versus Centralised Finance; we have Regenerative Finance, and now we have Generative Finance, or GeFi for short.
What is GeFi? It’s the integration of artificial intelligence (AI) into finance. This all started with ChatGPT which, just to remind you, stands for Chat Generative Pre-trained Transformer (GPT). GPT is a large language model (LLM) framework for generative artificial intelligence.