From Agentic AI, Tokens, and Hallucinations to AGI: A Complete Guide to Essential AI Concepts and Terms

Business Insider breaks down the core concepts, companies, and policy debates needed to understand the generative AI race.

The guide explains terms like agentic AI, LLMs, AGI, hallucinations, multimodal models, and vibe coding in plain language.

It also shows how AI competition now extends beyond model quality to chips, power, data centers, safety, regulation, and jobs.

The piece highlights major players such as OpenAI, Anthropic, Google, Meta, and Nvidia, along with leaders like Sam Altman and Jensen Huang.