Friday, August 30, 2024
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This week’s AI for the C Suite crams a lot of information into a small space. This week we cover three new research updates, tease the release of our next podcast episode on Monday, September 2, showcase an exclusive new subscriber resource and highlight a few major updates with AI systems. Here’s what you need to know:
1. AI Research Breakdown
OpenAI’s GPT Apps: A Privacy Wake-Up Call for Middle Market Organizations
A new study by Washington University researchers reveals alarming privacy risks in GPT apps, signaling the need for middle market leaders to be mindful of AI tools and how they’re being utilized by staff. Key takeaways include:
- Only 5.8% of Actions clearly disclose their data collection practices, raising compliance concerns
- 82.9% of GPT Actions are from external third-parties, increasing data exposure risks
- Co-occurring Actions can expose up to 9.5 times more user data than intended
Unlocking Financial Expertise: Small Language Models Rival GPT-4 in Financial Q&A
Indicators are emerging that smaller AI models rival may GPT-4 in financial expertise, promising cost-effective solutions for middle market firms. A few key takeaways:
- Fine-tuned small models achieve near GPT-4 accuracy in financial Q&A
- Results suggest that these models can be effectively trained to handle complex financial reasoning tasks
- Effective training is possible with limited datasets, making this ideal for resource-constrained organizations
Unleashing Creativity: How AI is Changing Innovation in Middle Market Organizations
Through five experiments, recent study compared the creativity of ideas generated with ChatGPT assistance to those generated without technology or with conventional web search. Here are a few key takeaways:
- ChatGPT consistently improved the creativity of generated ideas across various tasks
- ChatGPT was most effective at generating incrementally new ideas rather than radically new ones
- The positive influence of ChatGPT was attributed to its ability to combine remotely related concepts into cohesive, articulate responses
Read our full analysis of all three research papers at AI for the C Suite.
2. Podcast Roundup
The next episode of our podcast drops on Labor Day, (September 2, 2024). Catch up on our first episode with LinkedIn pro Colleen McKenna from Intero Advisory. Then join us on September 2 for a conversation with Matt Ruck, founder and CEO of XOP.AI where we discuss his mission to leverage AI as a knowledge management platform to boost employee efficiency while simultaneously implementing safe, trustworthy AI for automated solutions. New episodes drop every two weeks so Subscribe for free today to ensure you never miss an episode.
3. Exclusive New Subscriber Resource: Prompting with XML Tags
“XML” might sound like a foreign sports league or a far-away star but it actually stands for eXtensible Markup Language. XML is a versatile, text-based format used for storing and transporting structured data and it can be very beneficial in certain AI prompting scenarios, particularly when you need to provide clear, structured instructions or data to an AI system. XML is not suitable for all AI interactions but it can be very useful in certain situations, which is why we’re pleased to release our new sixteen (16) page XML Tag & Prompting Guide. Subscribe today to access this new resource.
4. Notable AI Updates
- Microsoft has released Phi-3.5, the newest version of its open-source AI model and its capabilities are surpassing other AI systems – including ChatGPT
- Claude’s “Artifact” feature is out of beta and available to all Free, Pro and Team plans (Platform Subscribers: Don’t miss our 10 minute video walk-through demonstrating how to use this feature – including how we overcome system “fails.”)
5. Elevate Your Leadership with AI for the C Suite
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Don’t let your organization fall behind in the AI race. AI for the C Suite’s insights and tools are designed to keep you ahead of the curve.
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Stay safe. Stay healthy. Be strong. Lead well.
Chad