Now that generative AI has gone mainstream, enterprises are investing heavily in AI and developing their AI strategies. In fact, IDC predicts that annual spending on AI—including generative AI—will go from $175.9 billion in 2023 to $509.1 billion in 2027, a compound annual growth rate (CAGR) of 30.4%. As the generative AI industry expands, organizations are increasingly using AI models created by others instead of building their own AI models from scratch. Many key players in the industry have developed large language models (LLMs)—both commercial and open source—that are available to enterprises. Some are general, while some are designed…

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