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A healthcare company is evaluating the use of Foundation Models (FMs) in generative AI to automate tasks such as medical report generation, data analysis, and personalized patient communications. The company's data science team wants to better understand the key features and benefits of Foundation Models, particularly how they can be applied to various tasks with minimal fine-tuning and customization. To ensure they choose the right model for their needs, the team is seeking to clarify the essential characteristics of FMs in generative AI. Which of the following is correct regarding Foundation Models (FMs) in the context of generative AI?