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☕️ Good morning. It's Tuesday, July 18. Today, I have some exciting updates to share with you, featuring the latest AI trends, valuable insights, useful resources, and cutting-edge tools. First time reading? join here!
🗞️ Today’s Highlights:
EXECUTIVE — 5 Finance Chiefs on how AI is Changing Business: ‘It’s up to us as CFOs to Harness this Technology’
IDEAS & QUESTIONS — Yuval Noah Harari: AI and the future of humanity | Frontiers Forum Live 2023
LEARNING — Andrew Ng’s Machine Learning Collection
AI TOOLS — Cerelyze (Implement research papers 100x faster)
INDUSTRY & FUNCTIONS — Prompt Engineering and the Future of Marketing
WORK — AI Improves Employee Productivity by 66%
EVENTS — Global Generative AI Summit 2023 - Austin, Texas - October 25, 2023 to Oct 26, 2023
🗞️ EXECUTIVE
AI has a rich history, leading it to become an unstoppable trend that cannot be ignored. It differs from machine learning and data science by focusing on creating intelligent systems. AI is segmented into specialized branches such as natural language processing and computer vision. The total addressable market for AI is projected to grow substantially until 2030, encompassing industries, businesses, and individuals.
Source: Statista
Gary Gensler, the chair of the Security and Exchange Commission, emphasized during his speech at the National Press Club in Washington that the emergence of generative A.I. and other A.I. technologies holds the power to automate a substantial portion of tasks performed by workers. He highlighted the potential consequences of such advancements, noting that they could bring about noteworthy transformations in both jobs and the overall job market.
Balancing control and experimentation is vital for successful AI implementation. Specialized roles and cross-functional committees manage AI efforts, driving productivity and innovation in various departments.
Managing AI initiatives
Creating specialized roles and committees
Real-life examples
The future of AI in business
🗞️ IDEAS & QUESTIONS
Professor Yuval Noah Harari, one of today's most influential public intellectuals, addressed the potential for artificial intelligence to become an inorganic lifeform during his keynote at Frontiers Forum Live 2023. He highlighted the threat this "alien" intelligence poses to human civilizations and advocated for immediate regulation. The session included a Q&A moderated by Vivienne Parry.
Source: Frontiers
🗞️ LEARNING
As individuals continue to explore the true potential of AI beyond the attention-grabbing headlines, it becomes evident that generative AI can already offer practical assistance to small business owners through a few straightforward methods.
Discover curated courses and specializations crafted by Andrew Ng, renowned founder of DeepLearning.AI, general partner at AI Fund, chairman and co-founder of Coursera, and esteemed adjunct professor at Stanford University. With expertise spanning machine learning, online education, and groundbreaking research, Dr. Ng has transformed numerous lives, having authored or co-authored over 100 research papers in fields such as machine learning, robotics, and beyond.
Explore the transformative power of artificial intelligence (AI) in the field of finance, extending far beyond the capabilities of ChatGPT. Acquire valuable insights into the diverse array of strategies and techniques that leverage AI to enhance financial decision-making, optimize trading activities, bolster risk management protocols, and unlock a host of other possibilities.
🗞️ AI TOOLS
D-stock: An open-source tool that simplifies LLM development across multiple clouds. It streamlines development and deployment, reduces cloud costs, and frees users from vendor lock-in
Flowise AI: Open source UI visual tool to build your customized LLM flow using LangchainJS, written in Node Typescript/Javascript
Extend: AI-Powered Workflows for Unstructured Data. Intelligent data extraction and automation tools built for modern enterprises
Cerelyze - Implement research papers 100x faster.
Kino - Kino is an AI assistant for tracking footage metadata and organizing your media assets.
Disclaimer: 1) The tool descriptions may include messaging from each tool site. 2) Please thoroughly read the site details before using and/or acquiring any of the tools listed above.
🗞️ INDUSTRY & FUNCTION
As technology advances, jobs evolve, and so must marketers. In the era of rising generative AI, mastering prompt engineering is essential for creating relevant content and enhancing our future careers. Whether you're a seasoned professional or a curious beginner, we've all faced the challenge of generating the right prompt. Perfecting prompt engineering could become a vital asset in your toolkit.
E-commerce leads in adopting AI and machine learning. Entrepreneurs can use these tools to enhance operations and visibility. AI marketing tools boost brand awareness and attract customers. Businesses offer value through prompt delivery and personalized products, gaining a competitive edge and customer loyalty.
Chatbots To Answer Customer Query
Generation Of Product Descriptions
Handling And Processing Of Business Data
Privacy and Cybersecurity
Sales Forecasting
After Sale Support
Filter Forged And Fake Reviews
Applications of AI in eCommerce For Customers
- Voice Search
- Giving Recommendations
- Image Searching and Recognition
- Augmented and Virtual Reality
🗞️ WORK
New studies examining the usability of generative AI systems like ChatGPT for real business tasks reveal increased productivity, especially among less skilled users, along with improved work quality.
Source: NN Group
Developing repeatable, scalable, and sellable AI products and services has historically been challenging and costly. However, analyzing AI's current significant impact can offer insights into its future transformation. This article highlights three present-day AI influences that can serve as a roadmap for future changes.
Helping people make better decisions
Analyzing risk to enable better safety solutions
Personalizing and enhancing consumer experiences
🗞️ EVENTS
Global Generative AI Summit 2023 - Austin, Texas - October 25, 2023 to Oct 26, 2023
Form event organizers: The Generative AI Summit provides a unique chance to preview the next six months of progress. Our main goal is to help companies and practitioners utilize these advancements in their production environments responsibly and efficiently. Whether you're already implementing live production or exploring possibilities, this event supports you on your journey.
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