Friday, October 11, 2024
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This week’s AI for the C Suite offers up insights from Bain’s latest report on AI, pays homage to “GPT-4o with canvas” and takes a peek at the future of search with both Google and Bing’s new offerings. Here’s what you need to know:
1. Sound Waves: Podcast Highlights
Our freshest podcast episode drops Monday, October 14 and features our conversation with Nell Tice, founder and owner of enTICEing Media. Tune in for a wide-ranging discussion on AI where we cover ethics to the opportunities AI provides to entrepreneurs. Catch up this weekend and Subscribe for free today on your listening platform of choice to ensure you never miss a beat. New episodes release every two weeks.
2. Digital Dojo
The past week brought yet another new model release to Chat GPT with the unveiling of “GPT-4o with canvas.” Touted as a collaborative space, Canvas further crowds the ChatGPT model-verse… yet that’s not a bad thing. Our next subscriber-only AMA is Wednesday, 10.30.2024 where we’ll review Canvas – plus others – in greater detail. Subscribe to AI Fundamentals today and we’ll see you there!
3. Paper Trail: AI Research Decoded
AI Reshapes Tech Industry: Opportunities and Challenges for Middle Market Leaders
Bain & Company’s Technology Report 2024 reveals how AI is reshaping the tech industry, presenting crucial opportunities and challenges for middle market leaders. Key takeaways include:
- AI adoption can lead to 20% performance gains within 18-36 months
- A potential AI-driven chip shortage looms, requiring strategic planning
- Comprehensive AI integration, beyond simple tool adoption, is key to realizing maximum efficiency gains
LLMs in Business Process Management: Implications for Middle Market Organizations
Interested in how AI can improve your business processes? New research demonstrates that smaller, open-source language models can outperform GPT-4 in specific business process management tasks, offering cost-effective AI solutions for middle market organizations. Here are a few key takeaways:
- LLM performance varies significantly across different BPM tasks, emphasizing the need for task-specific model selection
- Open-source models often match or exceed the performance of larger, more expensive models like GPT-4 in BPM applications
- Strategic evaluation and implementation of LLMs can lead to significant improvements in BPM efficiency and effectiveness for middle market organizations
Read our full analysis of each of these research papers at AI for the C Suite.
4. AI Buzz: Fresh Bytes
- Generative AI tools are soooooo much more than just text and chatbots. (I hate that term). For more on this, Check out the article Forget chat. AI that can hear, see, and click is already here. (Paywall).
- The integration of AI and large language models into search engines isn’t just an incremental change—it’s a seismic event that will redefine digital visibility, user behavior, and the entire information ecosystem. For those interested in a glimpse of this future, Check out Google brings ads to AI Overviews as it expands AI’s role in search then Check out Microsoft brings AI-powered overviews to Bing.
5. Elevate Your Leadership with AI for the C Suite
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Stay safe. Stay healthy. Be strong. Lead well.
Chad