Generative artificial intelligence (AI) is celebrating its first anniversary, at least as far as the public is concerned. About this time last year, the world was rocked by Open AI's unveiling of what's commonly known as ChatGPT. This announcement ushered in a whole new era of AI text generators, many of which are growing successfully a year later.
According to Grandview Research, "the global AI text generator market size was valued at $335.1 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 17.3 percent from 2022 to 2030."
AI text generators work as a perfect writing partner — employing algorithms using existing content to quickly write complete text aided by a brief, human-generated prompt.
Technological developments are growing in the space, and today, AI text generators are often used in media, education, ecommerce, and a wide variety of other industries. By taking advantage of natural language generation and machine learning technologies, AI text generators can "learn" from existing material and previously generated prompts to deliver on-target, engaging content.
For marketing professionals, entrepreneurs, graphic designers, and writers, this can save a significant amount of time and effort. Delegating things like standard correspondence, product descriptions, and idea generation to an AI text generator frees professionals to focus their time and effort on research, fact-checking, and the creative process.
This 2024 review takes a closer look at some of the most popular AI text generators available today.
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