IT Leaders are Turning to AI

☕️ Greetings! It's Tuesday, October 3rd. Welcome back to my daily dive into the AI world.

!? IT teams, pivotal in digital transformation and pandemic-induced remote work transitions, face growing complexity in 2023. A Freshworks report reveals a move towards AI tools to alleviate challenges, with 71% of IT professionals utilizing AI to enhance productivity. The report highlights a generative AI embrace, advocating for smart technology paired with AI to drive efficiency amidst tech overload, encouraging IT leaders to adopt automation to streamline operations and foster a conducive work environment.

Reference: FreshWorks(Facing increasing tech overload, IT leaders are turning to AI for much-needed relief)

🗞️ Today’s Highlights:

• LATEST NEWS & TRENDS — Rising Demand for Generative AI Puts Pressure on Data Centers

• INDUSTRY | FUNCTION —

• RESOURCES — 20 AI Podcasts to Learn More About Artificial Intelligence

• WORK — How Generative AI Works on AWS: A Case Study

• AI TOOLS — AlphaInquire: Your personal team of AI-powered research agents.

• CHARTS — Five commandments for infusing generative AI into your enterprise

🗞️ LATEST NEWS & TRENDS

1️⃣ Generative AI's rising demand is stressing data centers, driving up infrastructure costs. This surge, accelerated by ChatGPT's success, has outpaced North American colocation space supply, hiking prices by 30%. As major cloud providers expand to meet AI's computing needs, smaller players struggle for space. Global costs for generative AI could soar past $76 billion by 2028, doubling current AWS expenses. Amidst this, data centers face an overhaul to improve efficiency, involving changes in cooling and energy consumption, impacting both water and power usage.

Reference: (Rising Demand for Generative AI Puts Pressure on Data Centers)

2️⃣ Generative AI, despite its advancement, won't replace lawyers due to its limited accuracy, heightened risk especially concerning confidential data, and ethical issues surrounding client interests and data privacy. It can automate mundane tasks but lacks the nuanced understanding and human oversight crucial in legal practice, ensuring lawyers remain indispensable in the judicial ecosystem.

Reference: (Will AI take over lawyer jobs? 3 reasons to object)

3️⃣ Generative AI is reshaping the cybersecurity landscape. On one hand, it assists insurers in enhancing system security by pinpointing flaws, but on the other, it empowers cyber criminals to devise highly convincing phishing schemes. Experts underscore a rising need for vigilance among insureds. With AI like ChatGPT, crafting deceptive material has become easier for miscreants, blurring the scam detection lines. However, anomalies like mismatched email domains or atypical fund transfer requests remain vital cues to spot potential phishing attempts.

Reference: (How generative AI is enabling cyber criminals)

4️⃣ Former Apple chief designer Jony Ive and OpenAI CEO Sam Altman, supported by Softbank CEO Masayoshi Son's $1 billion, are reportedly collaborating to develop a pioneering AI consumer device. Drawing inspiration from the original iPhone's touchscreen innovation, they aim to enhance AI interaction, addressing Ive’s concerns on tech-induced compulsive behavior by potentially creating a less screen-reliant device. The venture, still in nascent stages, underscores an ambitious endeavor to meld intuitive design with cutting-edge AI.

Reference: (Details emerge on Jony Ive and OpenAI’s plan to build the ‘iPhone of artificial intelligence’)

5️⃣ Generative AI, much like tractors for farmers, stands as a tool, not a replacement for human expertise. Drawing from the "Millennial Farmer" Zach Johnson, the author explores the symbiosis of tech and human endeavor in farming, which mirrors enterprises' journey with Generative AI. Amidst fears of job loss and data security, a balanced, exploratory approach towards this tech, akin to Zach’s farm management, is advised to harness its potential in improving efficiency, generating ideas, and personalizing user experiences.

Reference: (The Tractor, Farmer and Generative AI)

🗞️ INDUSTRY | FUNCTION

Walmart recently unveiled its generative AI tool designed to enhance customer experience both online and in-store. Through a virtual shopping assistant and 3D object creation from still images, it aids customers in visualizing products and making informed decisions. Walmart's foray into AI, saving time and money, demonstrates its efforts to blend technology with retail, reflecting on its continuous adaptation to emerging tech trends for improved customer satisfaction.

Reference: (Walmart experiments with generative AI to help people shop)

🗞️ WORK

Generative AI on AWS opens doors to AI-driven creativity for enterprises, automating content creation and enhancing decision-making. It turns raw data into realistic text, images, or music, leveraging AWS's robust infrastructure and machine-learning frameworks. From data preparation to deployment, AWS simplifies the journey, making generative AI an exciting frontier for businesses keen on riding the AI innovation wave.

Reference: (How Generative AI Works on AWS: A Case Study)

🗞️ RESOURCES

Uncovering the power of AI in the modern workspace, this list showcases 20 insightful podcasts demystifying AI's impact from code to content creation. With hosts ranging from industry pioneers to tech enthusiasts, these podcasts delve into real-world AI applications, offering a blend of expert interviews and discussions on AI trends. Whether exploring AI in business strategies or unraveling its societal implications, these podcasts serve as a rich resource for anyone looking to navigate the AI landscape.

1. AI in Business

2. The AI Podcast

3. Eye on AI

4. AI Today Podcast

5. Data Skeptic

6. Talking Machines

7. Artificial Intelligence Podcast

8. Voices in AI

9. Lex Fridman Podcast

10. The TWIML AI Podcast

11. Practical AI

12. Hard Fork

13. DeepMind: The Podcast

14. Intel on AI

15. AI and the Future of Work

16. The Bot Canon

17. Brain Inspired

18. In Machines We Trust

19. The ChatGPT Report

20. Me, Myself, and AI

Reference: (20 AI Podcasts to Learn More About Artificial Intelligence)

🗞️ AI TOOLS

🧰 AlphaInquire: Your personal team of AI-powered research agents.

🧰 ArtHeart: Who is in your heart? Click on any character to start a private chat.

🧰 AlphaInquire: Your personal team of AI-powered research agents.

🧰 GreetAI: Screen candidates fast & easy with AI

🧰 HiChatBot: Q&A Chat with your Document

Disclaimer: 1) The tool descriptions are from the company behind each tool/app. 2) Please read the site details thoroughly before using and/or acquiring any of the tools listed above. We have not tested these tools and we will not be liable for anything.

🗞️ CHARTS

 👀 Generative AI, merging human creativity with tech advancements, is a growing frontier, reshaping how we approach art, music, and problem-solving. As businesses venture into this domain, they grapple with integrating it seamlessly into their operations. While early explorers are enthusiastic, obstacles like data security and cost assessments loom. This technology promises a shift from mundane tasks to fostering innovation, but it demands strategic planning, a nurturing culture, and robust governance to navigate the intricacies and unlock its full potential.

Reference: Kearney (Five commandments for infusing generative AI into your enterprise)

Images Source: Kearney

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].}