The IoT Community unveils GenAIoT™, merging Generative Artificial Intelligence (Gen AI) with the Artificial Internet of Things (AIoT) to enhance Industrial and Enterprise IoT. The initiative aims to foster collaboration, set standards, and educate stakeholders through GenAIoT.net. Market estimates suggest a $4.5 trillion opportunity, with GenAI potentially unlocking $1.3-1.5 trillion. Through practical solutions and advocacy, GenAIoT targets real-world issues, leveraging AI to analyze IoT data for faster problem-solving. Founding members include SAS, SoftServe, Intellias, and ClearBlade. GenAIoT will focus on areas like natural language processing, edge computing, and security. It offers applications such as real-time insights for factory operations and enhanced productivity. The IoT Community sees GenAIoT as a convergence driving business and societal benefits.