Latest AI News: Amazon's AI Fantasies, AI Sidekicks, and White House Demands
According to the latest data, 35% of global companies are currently using AI in their business. However, more than 50% of companies plan to implement AI technology in 2024. We have intentions, but we don't necessarily translate them into action. I can see why.when there are a lot of you did it what are you going to do should you do?
I subscribed to all the AI newsletters and quickly became overwhelmed. So many changes happened so quickly that I always felt like I was behind the times, behind the times, and unable to keep up. I also write about AI. Imagine how everyone else feels. Consider these updates as fluff filters. If it doesn't change your life or impact your business, I won't include it in my article.
With that in mind, here are five new updates that entrepreneurs should know.
What's new in AI today? Important updates that impact your business.
Chief AI Officer requested by the White House
Rachel Woods, former Facebook data scientist and CEO of AI Exchange, said in response to news that the White House has ordered all federal agencies to: I would be surprised if there were any left.” “Name a chief artificial intelligence officer to oversee the federal government's various approaches to AI and manage the risks that rapidly evolving technology can pose.” Woods said this is “now a critical catalytic However, in the future, “internal AI operations will be owned by the COO.” The AI product work is owned by he CTO/CPO. ”
Why is this important to you as a business owner? Because executives are upset. Whether the Chief AI Officer is a stand-alone role or integrated into the work of senior operations and technology executives, it's important for companies that want to keep up with the times, meet customer expectations, and continue to evolve. Responsibility is extremely important. What do you need your CTO to know? Is your CTO ready to adapt?
Companies expecting AI productivity
Once again, economists and businesspeople disagree when it comes to the productivity benefits of data, especially AI. “Enthusiasm for large-scale language models and ChatGPT has gone a little too far,” said Northwestern University economist Robert Gordon, who bet Gordon $400 that “productivity will increase” this decade. In contrast to Erik Brynjolfsson of Stanford University. Entrepreneurs who respond to this post on LinkedIn save hours of time and tons of cash.
If you're starting a business, does it matter what academics say in interviews? It does. Because while they debate whether AI improves productivity, they also collate detailed cases that we can study. For example, Ben & Jerry's has installed his AI-powered cameras in their freezers so they can alert the company when stock is running low. Or Wendy's could use AI to identify later times of the day and discount prices on menu items on its digital board. Learn what big companies are thinking about how to apply AI to their business.
Business School Offers AI Degree
WP Carey School of Business officially launches a new degree program recently shared with Arizona State University, the Master of Science in Artificial Intelligence in Business. The course, currently accepting admissions for 2024, promises to equip students with the ability to: “Analyze diverse business situations and apply AI to further business objectives.” “Understand and effectively communicate the impact of AI transformation.” “Practice mindful AI to address ethics, bias, well-being, privacy, and trust.” “Pay attention to,” etc.
But does a career in AI require a college degree? At a time when there are free courses and thought leaders sharing information everywhere, when learning on the job is all the rage, and when the situation… When things are changing so rapidly, does pouring cash into certificates really make a difference in the long run? For entrepreneurs, this is the decision to make when adopting an AI role. Do you require someone to have a degree, or do you hire enthusiastic self-starters regardless of their diploma? How do you know someone is good if you don't have knowledge in the field yourself? ?
AI tools are your superhero’s sidekicks
CNET writer Lisa Lacey said, “Humans and generative AI should foster a partnership, not a rivalry.'' A 2023 Gallup poll found that nearly a quarter of Americans fear that technology will make their jobs obsolete as companies begin to innovate. . Integrate generative AI and harness its potential. Lacey said AI is primarily replacing jobs such as customer service and data entry, which are “generally not the most rewarding jobs for human workers.” “We're not seeing a significant reduction in employment,” said Karin Kimbrough, LinkedIn's chief economist, but that doesn't tell the whole story. It is not replaced, but transformed. No matter the industry, there is no reason why machines cannot replace manual labor in some way. What does this mean for you? There's no need to waste time looking for reassurance online. Use that time to prepare yourself. Take advantage of AI knowledge and start learning before the news catches up.
Amazon's AI is actually a real human, Gizmodo reports
“So it turns out that the Amazon store you can leave without paying doesn't rely on AI after all,” Ian Harris of Agency Hackers said in this popular LinkedIn post. “Instead, we're letting 1,000 people in India look at camera footage and decide whether you picked up a Kit Kat or a Twirl.” The Just Walk Out initiative is reportedly being driven by remote workers, with the Hindustan Times calling the move an “illusion”.
Not all AI is what it seems, and even tech giant Amazon isn't immune to faking it until it's perfect. What we call AI is very likely just automation and human processes. In Amazon's case, they were probably testing the concept while developing the technology in the background. In any case, the field of AI is wide open to beginners. Even the big weapons aren't that far ahead.
Don't be left behind: Stay ahead of AI news and keep growing
Not everything is as it seems, roles are changing and people are delusional about the impact AI will have on their business and lives. But the message is clear. Don't focus on fancy titles or expensive certificates. Instead, go back to the basics of AI. Start with the basics and build up.
Think about your job and your company's purpose, and find ways to do it faster, better, and cheaper. Instead of guessing what's relevant and what's not at all, find ways to have a greater impact on everything out there. Less conversation, more action. Less theory, more practice.
