Family doctors with silent AI assistants

🗞️ The Tech Issue | September 5, 2023

Author

Qamar Zia
September 05, 2023

☕️ Greetings AI aficionados! It's Tuesday, September 5th. Welcome back to our daily exploration of the AI landscape. Together, we'll navigate the latest updates, trends, and insights steering the AI and the business world. Exciting times ahead—let's dive in!

🗞️ Today’s Highlights:

  • LATEST NEWS & TRENDS — How AI Shapes the Future of Critical Thinking

  • INDUSTRY | FUNCTION — How generative AI is transforming the future of commercial real estate

  • RESOURCES — What Is Llama 2 And How To Use It

  • WORK — Generative AI and the future of work in America

  • AI TOOLS — Booke: Streamline your bookkeeping with an AI-driven single app

  • CHARTS — How Consumers Are Using Generative AI

🤖 Imagine a future where your family doctor has a silent but brilliant assistant, always ready with a second opinion. According to MedCityNews, a recent report by Citi says that's not science fiction but a near-future reality. The report delves into how AI, particularly generative tools, will revolutionize healthcare in the next 5-10 years. These tools won't replace clinicians but will augment their decision-making, offering insights into potential diagnoses that might otherwise be overlooked. The technology is still in its infancy, with companies like Google testing their healthcare-focused large language models. But it's not just doctors who'll benefit; nurses, dieticians, and even consumers could soon have AI-powered chatbots answering their medical queries. However, the report cautions that achieving this seamless integration will take longer than most AI enthusiasts would like.

🗞️ LATEST NEWS & TRENDS

1️⃣ The discourse on Artificial Intelligence (AI) often centers on its potential to usurp human critical thinking. However, the narrative shouldn't be of substitution but rather of augmentation. While tools like ChatGPT generate text proficiently, they can't replicate human faculties like problem-solving or ethical reasoning. As AI permeates education, healthcare, and various industries, the demand for human critical thinking intensifies. Thus, the symbiotic relationship between AI and critical thought enhances decision-making and problem-solving in organizations, even as we must scrutinize AI's ethical and factual limitations.

2️⃣ The increasing integration of artificial intelligence in workplaces underscores the value of employees skilled in generative AI such as ChatGPT. Business leaders are recognizing this shift, with 90% viewing ChatGPT expertise as a hiring asset. Offering in-house training on AI chatbots could become a pivotal strategy for talent retention and staying ahead in a competitive market. Not just for efficiency, but to augment human potential, AI training enables workers to adapt to technological advancements, reducing job insecurity and filling the widening skills gap.

3️⃣ ELIZA, introduced in 1966, laid the groundwork for today's advanced chatbot technologies, evolving from rule-based systems to intelligent, voice-activated conversational agents. Yet, despite significant strides, chatbots confront multiple roadblocks. They struggle with disinformation, grapple with stringent regulations, and face a public that still leans towards the comfort of human customer service.

4️⃣ Generative AI is hailed as the next game-changer, poised to revolutionize industries, including IoT, and catalyze ethical debates. EnateAI, empowered by GPT-4, demonstrates cost-effective, highly accurate operations like sentiment analysis. Experts stress that AI, being a cumulative product of collective internet usage, must be democratized and ethically scaled. Amidst the promises and the clamor, critics argue for thorough discussions on the ethical framework and data usage to ensure the technology serves broader society and doesn't repeat the privacy blunders of social media.

5️⃣ While concerns around the carbon footprint of generative AI models are increasing, the debate needs context. Alarmist comparisons with the aviation industry overlook the fact that only a fraction of tech emissions come from AI. The article urges organizations to adopt 'green prompt engineering' to minimize computational resources and emissions. Transparency in reporting emissions and investing in energy-efficient models are key to a sustainable AI future. Adopting practices like quantization, model architecture optimization, and embedding carbon metrics in DevOps could balance AI’s capabilities with environmental concerns.

🗞️ INDUSTRY | FUNCTION

Commercial real estate is at the cusp of a transformative phase with Generative AI (GenAI). This technology promises to revolutionize operations, acquisitions, investor relations, and asset management among other functions. However, GenAI also presents significant challenges such as workforce disruption, cybersecurity threats, and ethical concerns. For companies to thrive, it's critical to develop a comprehensive GenAI strategy that addresses both opportunities and risks, ranging from technology adoption to governance and compliance frameworks.

🗞️ RESOURCES

Meta’s Llama 2 is a groundbreaking language model that surpasses its predecessor in performance and safety. Created to power various applications like ChatGPT and Bing Chat, Llama 2 benefits from an expansive, diverse data set. It promises significant improvements in chatbot interactions, with fortified measures against toxicity and misinformation. Supported by Microsoft, this innovation aims to democratize AI and will be widely available on multiple platforms, including AWS and Azure. Llama 2’s potential puts it in direct competition with existing models like GPT-4, elevating the standards for reliability and human-like interaction in the AI sector.

Generative AI is a cutting-edge technology that can create content, be it text, images, or music, based on learned algorithms. This guide unpacks its intricacies through real-world case studies and offers practical tips for implementation. It also explores the ethical dimensions of using such powerful tools. This is an essential read for anyone wanting to comprehend and harness this transformative technology.

🗞️ WORK

The U.S. labor market is undergoing seismic changes accelerated by the pandemic, generative AI, and federal investments. Between 2019-2022, a notable 8.6 million occupational shifts occurred, mostly out of food services, in-person sales, and office roles. By 2030, another 12 million shifts are projected, largely affecting low-wage and customer service jobs. As the market evolves, skills-based hiring and workforce development are crucial. The transitions will also impact green industries, healthcare, and construction positively, signaling a reorientation towards higher-wage roles and increased demand in certain sectors.

Reference: McKinsey & Company (Generative AI and the future of work in America)

Image source: McKinsey & Company

🗞️ AI TOOLS

Research Studio: Transform your data into action: Research Studio delivers rapid, AI-powered research analysis for UX, Marketing, and Product people.

Avian: Interact with and analyze your business data

Zeda.io: AI-powered product discovery for customer-focused teams. Discover problems to solve for customers, decide what to build next based on actionable product intelligence, and create product strategies to drive business outcomes.

Booke: Streamline your bookkeeping with an AI-driven single app.

Hirebrain: Discover jobs with AI-powered platform. Analyze and improve your CV, and connect with the right companies faster.

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.

🗞️ CHARTS

Disclaimer: The audio-visual content is courtesy of the source provided above.

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I'm not a newsletter expert so you might find my approach a tad different. In my daily dives into the world of AI, I handpick the latest gems, initially to support the AI projects that I’m working on. Realizing that these snippets might resonate with others, I thought, "Why not share this with my community and fellow AI enthusiasts?" I truly want this newsletter to be valuable to you so if there's anything on your mind—praises, critiques, or just a hello—please drop me a note. You can hit reply or shoot me a message directly at my email address: [email protected].

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