Generative AI, often abbreviated as Gen AI, is a groundbreaking technology that creates new data. This data isn’t sourced from the internet or existing databases; it's generated on the spot. Gen AI encompasses a wide range of outputs, including text, images, audio, and video. Imagine Gen AI as a 'magic box.' Inside this box are various components like training data and AI models. You input a request into this box, and Gen AI works its magic to generate new content in various forms. The output ... Read More
Transforming Your Business with AI
If you're considering integrating Gen AI into your organization, here are five progressive stages of Gen AI adoption that will help you effectively integrate Gen AI into your business strategy. Stage 1: Rest - The Starting Point At the 'Rest' stage, your organization hasn't yet adopted Gen AI. This could be due to a lack of awareness of its benefits or you might be in the process of evaluating its potential in your business context. It's a common starting point for many ... Read More
Leading Innovators in the World of AI
Here's a list of key players in the AI space. Before we dive into the list, it's crucial to acknowledge the rapid evolution in the AI industry. New companies emerge, some get acquired, others might cease operations - it's a constant flux. Therefore, this guide provides a snapshot of the current landscape, focusing on some of the most influential names in Gen AI. Let's break down the key players using a four-row table format: the parent company or key investor, the organization behind the Gen ... Read More
AI and the Future of Work: Findings from IMF
The International Monetary Fund (IMF) recently released a staff discussion note entitled “Gen-AI: Artificial Intelligence and the Future of Work.” Here are three main highlights: What does this mean for leaders? Here are three takeaways for leaders: OpenAI Launches the GPT Store A few months ago, OpenAI announced that they’re rolling out custom versions of GPTs that you can create to help you with specific purposes. Recently, OpenAI launched their "GPT ... Read More
Understand the Basics of Generative AI for Leaders
Here's a quick overview of what is generative AI and how it can help you as a leader. What is AI? To start, let's address a fundamental question: What exactly is AI? In the simplest terms, AI is a system that replicates human abilities. As Allie Miller, a prominent figure in the AI field, puts it: "AI is a system doing a human thing." This means AI can see, hear, write, make suggestions, and take decisions, just like us. So then what's Generative AI? Here's a chart that helps ... Read More
The New AI Gadget that Everyone is Talking About
I don’t usually get excited about gadgets before they actually hit the market and people test them out. But this specific one, revealed at CES 2024, has topped the list of every major AI publication. It’s called the Rabbit R1, a new AI device that’s designed to function as a standalone unit with capabilities to control various apps. Shortly after its release, it got sold out and is now on pre-order. Here’s the link to the full video explaining its features: What does this ... Read More
5 Things You Should Know as an AI Leader
Here are five things you should know as an AI business leader before you implement generative AI solutions at work. 1. The Lack of a Playbook: Embracing the Uncharted First and foremost, understand that AI in business is still a relatively new frontier. Unlike other established technologies, AI doesn't come with a ready-made playbook. The absence of a definitive guide may seem challenging, but it's also an opportunity. Leaders need to embrace the fact that AI is a field where learning and ... Read More
How AI is Revolutionizing Business: An Eye-Opening Study
A pivotal study, conducted by experts from Harvard Business School, MIT Sloan, the Boston Consulting Group, and the Wharton School, highlighted some great insights about using AI at work. The study focused on 18 complex, knowledge-intensive tasks, and involved 758 consultants from the Boston Consulting Group. These professionals were grouped into three categories: the first group were given no AI access, the second group were given access to GPT-4 (the AI model that ChatGPT is based on), and ... Read More
Get Better AI Results Using Those 5 Prompting Tips
A new paper was recently published, called "Principled Instructions Are All You Need for Questioning LLaMA-1/2 GPT-3.5/4.” The study focused on optimizing the interaction with large language models (LLMs) through certain instructions and analyzed the impact of 26 different principles. Here are the top 5 principles that produced the largest average improvement percentage with GPT-3.5/4 In other words, if you use those 5 principles with ChatGPT, you should see significant improvements in ... Read More
AI Helps Discover New Class of Antibiotics
Researchers have used artificial intelligence to discover a new class of antibiotics effective against drug-resistant bacteria. The AI models developed at the Broad Institute of MIT and Harvard analyze chemical structures to predict antibiotic activity and potential human cell toxicity. What does this mean for leaders? The main takeaway is that business leaders in the pharmaceutical and biotechnology industries should probably start investing in AI technologies to enhance research and ... Read More
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