The difference here is that in the first, we specify that the caller must pass an Object instance (any class), and it will get back another Object (any class, not necessarily of the same type).
In the second, the type returned will be the same type as that given when the class was defined.
Example ex = new Example<Integer>();
Here we specify what type T will be which allows us to enforce more constraints on a class or method. For example we can instantiate a LinkedList<Integer>
or LinkedList<Example>
and we know that when we call one of these methods, we'll get back an Integer or Example instance.
The main goal here is that the calling code can specify what type of objects a class will operate upon, instead of relying on type-casting to enforce this.
See Java Generics* from Oracle.
*Updated Link.