Welcome to this week’s Legacy Media Hub Newsletter, your ultimate source for the most relevant technology news, insights, and career information in the ever-evolving business landscape, helping you stay in the loop!
In this issue:
- THE FUTURE IS HERE: NAVIGATING THE AI-DRIVEN WORLD
- MICROSOFT IS TAKING OVER AI – A CRUCIAL TIME FOR BIG TECH!
THE FUTURE IS HERE: NAVIGATING THE AI-DRIVEN WORLD
In this podcast episode, Steven J. Manning shared his expertise on the ever-evolving world of data and artificial intelligence (AI). Manning, an early adopter of AI and data-driven decision-making, highlighted the immense potential and inherent risks associated with these technologies. In this interview Schooler and Manning explore the key points discussed in the episode, shedding light on the role of data, the disruptive nature of AI, and the need for responsible implementation. They take a deep dive into AI and in fact, remind the listener that AI is not new, it was around decades ago, just perhaps was called something else!
The Significance of Data
Manning emphasized that data is not only incredibly useful but also omnipresent in today’s world and that the future is here. He highlighted the concept of “big data,” which refers to the massive volumes of information that can be collected, processed, and analyzed. CEOs across various industries recognize the importance of data, with 75% believing that a competitive advantage depends on having advanced generative AI capabilities. However, only 50% of companies have begun integrating AI into their products and services.
MICROSOFT IS TAKING OVER AI – A CRUCIAL TIME FOR BIG TECH!
Ai-driven world – Microsoft, Alphabet, Amazon, and Meta are in a race to win at AI.
According to IBM
- 75% Of CEOs believe competitive advantage will depend on who has the most advanced generative AI.
- 50% are now integrating generative AI into products and services.
- 43% are using generative AI to inform their strategic decisions.
- Almost 3 out of 4 CEOs believe their teams have the generative AI capabilities they need. But only 3 in 10 of their C-suite teams agree.
So many tasks can be improved including: enabling junior analysts to complete advanced tasks.
Flexible call centre scaling, Speeding up many tasks.
Hugging face and other integrations of open-source AI models, hugging chat a chatbot based on Llama 2 which was shared by meta.
Media not displaying properly get it here: https://youtu.be/2WL–Ybrx9M
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