Generative Adversarial Networks (GANs) consist of two competing neural networks, a generator and a discriminator, working against each other to produce realistic data. Training involves alternating between training the discriminator to distinguish real from fake data and training the generator to create data that can fool the discriminator. This document outlines the fundamental concepts of GANs, including their training process and the use of variations such as Variational Autoencoders (VAEs).