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- Can AI Replace a CEO? Our Answer Might Surprise You.
Can AI Replace a CEO? Our Answer Might Surprise You.
Google in trouble with DOJ, Meta unveils new AI video tool, NVIDIA's new AI initiatives and more!
Everyday AI
October 09, 2024
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Today in Everyday AI
8 minute read
🎙 Daily Podcast Episode: CEOs hold a ton of responsibilities. But can AI take over their job? Our answer might surprise you. Give it a listen.
🕵️♂️ Fresh Finds: OpenAI’s global expansion, Anthropic’s new API and TSMC’s AI chip sales grow. Read on for Fresh Finds.
🗞 Byte Sized Daily AI News: Meta unveils new AI video advertising tools, NVIDIA releases new AI initiatives and the DOJ challenges Google’s search dominance. For that and more, read on for Byte Sized News.
🚀 AI In 5: This feature from Perplexity might just change the world of AI SEO. See it here
🧠 Learn & Leveraging AI: Can AI really take over as a CEO? Here’s what you need to know before you try it for yourself. Keep reading for that!
↩️ Don’t miss out: Did you miss our last newsletter? We talked about ChatGPT Canvas overview, Gemini getting an AI image upgrade, Uber unveiling an OpenAI-powered AI assistant and Foxconn building an NVIDIA superchip plant. Check it here!
Can AI Replace a CEO? Our Answer Might Surprise You. 🧑💼️
CEOs take on a ton of responsibilities to help keep a company running.
Do you think that AI can make the same kind of decisions as a CEO?
Greg Shove, CEO of Section, joins us to discuss.
Join the conversation and ask Jordan and Greg questions on AI and CEOs here.
Also on the pod today:
• AI's Role in Decision Making 🤔
• AI Education and Importance 🧑🏫️
• AI Adoption in the Organization 🏢
It’ll be worth your 34 minutes:
Listen on our site:
Click to listen
Subscribe and listen on your favorite podcast platform
Listen on:
Here’s our favorite AI finds from across the web:
New AI Tool Spotlight – Wordware helps build AI agents using natural language, mgmate is a 1 on 1 copilot for managers and Fleso is HIPPA compliant AI generated workflow automation.
Big Tech – Nvidia is positioned to overtake Apple as world's most valuable company
OpenAI – OpenAI plans to open offices in NYC, Seattle, Singapore, Paris and Brussels for global expansion.
OpenAI’s Media Chief said that no one wants to read AI-generated news.
Anthropic – Anthropic has unveiled Message Batches API for more cost effective processing.
Introducing the Message Batches API—a cost-effective way to process vast amounts of queries asynchronously.
You can submit batches of up to 10,000 queries at a time. Each batch is processed within 24 hours and costs 50% less than standard API calls.
— Anthropic (@AnthropicAI)
4:50 PM • Oct 8, 2024
Trending in AI - George Hinton said he was proud one of his former students fired Sam Altman.
AI Chips - TSMC’s recent sales have beaten its estimates, signaling a good sign for chip demand.
Google – Google is making data residency for machine learning processing available in the UK.
AI Tech - Amazon is updating Ring subscriptions with AI video search.
AI in Sports – The Wimbledon tennis tournament has replaced line judges with AI.
Read This – A new study shows that Gen Z and Millennials are using AI for emotional support.
1. Meta Unveils New AI Video Tools for Advertisers 🎥
Meta has introduced innovative generative AI video creation tools for advertisers on Facebook and Instagram, set to roll out in Advantage+ creative early next year. The new Video Expansion feature enhances video ads by generating unseen pixels to create a more immersive experience, while Image Animation enables movement in static images, making it easier for brands to engage users without original video assets.
Additionally, Meta is enhancing brand voice capabilities and fostering closer partnerships with creators through a streamlined Partnership Ads Hub.
2. NVIDIA Unveils New AI Initiatives at Washington D.C. Summit 📜
At its recent AI Summit in Washington, D.C., NVIDIA made waves with seven major announcements aimed at transforming industries through cutting-edge AI technology. The company is collaborating with U.S. tech leaders and universities, rolling out tools like NVIDIA NIM microservices and NeMo for customizing AI applications across sectors, including healthcare and retail.
Notably, NVIDIA's advancements are empowering organizations such as AT&T and Lowe's to harness data-driven AI solutions, while the SETI Institute is leveraging AI for real-time searches for extraterrestrial signals. As these innovations unfold, they promise to enhance productivity and reshape the future of work for professionals navigating the evolving landscape of AI-driven solutions
3. DOJ Challenges Google’s Search Dominance with Major Proposals 🥊
The U.S. Department of Justice is considering a series of remedies aimed at dismantling Google's grip on online search, potentially impacting its profitability and AI initiatives. Proposed measures include forcing Google to divest its Chrome browser and Android operating system, along with restrictions on user data collection and accessibility of search results to competitors.
Analysts warn that these changes could empower rivals like DuckDuckGo and Microsoft Bing, while also complicating Google's position in the fiercely competitive AI landscape. As Alphabet's stock remains stable amid these discussions, the market seems unfazed, reflecting a belief that substantial break-up actions are unlikely.
4. OpenAI Reports Rising Threat of Election Misinformation 🚨
OpenAI has reported a surge in attempts to misuse its AI models, particularly in generating fake content aimed at influencing elections. This year alone, the company has thwarted over 20 such efforts, including accounts that produced misleading articles about the U.S. elections and social media comments in Rwanda.
As concerns grow over the potential for AI to spread divisive information, especially with the upcoming U.S. presidential elections, experts warn that cybercriminals are leveraging these tools to amplify misinformation.
5. Amazon Unveils AI Shopping Guides to Simplify Online Purchases 🛍
Amazon has introduced AI Shopping Guides, launching tomorrow across over 100 product categories. Designed to help consumers quickly find the best products while navigating the vast sea of choices, these guides will feature insights, reviews, and trusted brand recommendations tailored to individual needs.
This initiative also incorporates Rufus, Amazon's AI chatbot, enhancing the personalized shopping journey further.
6. Google DeepMind leaders Win Nobel Prize in Chemistry 🧑🔬️
The 2024 Nobel Prize in Chemistry has been awarded to Demis Hassabis and John M. Jumper of Google DeepMind, along with David Baker from the University of Washington, for their groundbreaking work in predicting protein structures using artificial intelligence.
Their innovations, including the powerful AlphaFold and ProteinMPNN tools, significantly reduce the time needed for protein structure prediction, paving the way for advancements in drug discovery and disease treatment.
Perplexity Pages: Boost Your SEO and Content Game
This feature from Perplexity might just change the world of AI SEO.
We dive into Perplexity Pages — an innovative feature that can make publishing easier and more efficient and help users get noticed in search results.
Check out today's AI in 5.
🦾How You Can Leverage:
Picture this: You’re prepping for a crucial board meeting.
Eek?
No sweat.
Your AI assistant has already prepped the slides, crunched data on all your competitors, drafted emails to your shareholders, and even simulated the board meeting scenarios.
You, the CEO, just kinda do what your smart AI tells you to do.
We may not be there juuuuuuuust yet, but the AI tech is already there.
This is the power of AI, and it’s time to get on board.
In our latest episode, we teamed up with Section CEO Greg Shove to tackle a burning question: Can AI (kinda) do your CEO’s job?
Answer: Yeah. (Kinda.)
Lezbehonest — there’s a HUGE divide right now when it comes to what C suite leaders are saying about AI and are doing about AI.
The majority of C-suites are saying AI is their top priority. Yet, so few companies are ACTUALLY implementing AI.
If you’re the leader of a company, how do you change that?
We tackled that big ol elephant in the room head on with Greg.
Ready?
Let’s dive into the insights like synchronized divers from the platform.
3, 2, 1 juuuuuuump
1 – AI + efficiency = job cuts ✂️
That’s how Greg started off the show, and we totally agree.
Don’t lie, you greedy CEO you.
TBH, we’ve talked with some of the smartest people in the world in AI. And in the end, the end goal of AI is all about efficiency.
What’s that got to do with it?
Well, lettuce tell you why, young Grasshopper.
So many humans on your team don’t wanna get on the AI train cuz they think that it’s gonna mean the end of their job.
And the reality is — it might be.
And that’s not necessarily a bad thing. The nature of work is changing, a weird reality you gotta face head on.
Stick with us here. It’s not all doom and Gloom.
Before you can actually and properly implement AI in your company, you’ve gotta have “The Talk.” with your other leaders and employees.
Try this:
Ready for the bajillion dollar question that will instantly lead to a higher rate of AI implementation at your company?
“What happens WHEN AI works?”
(The whole AI ethics discussion.)
Do you go to a 4-day work week?
Do you take on completely new lines of business?
And what do all of your smart, loyal employees do after you reach a Nirvana state of LLM-fueled automation?
Because if so many companies find 60-70% increased productivity in the coming years, that means a lotta human hours now relegated to watching smart LLMs and AI agents whizz through manual domain work in seconds that used to take the smartest humans days.
Answer the ‘What happens when’ question.
This episode is a must-listen:
2 – AI: Your 24-7 Board Member 👤
This is an experiment that we’re HERE FOR!
In today’s show, Greg walked us through how he’s even having his board members prep for meetings with LLMs.
Greg's board feeds their board deck to AI - specifically GPT and Claude. But they're not just asking for a simple review.
They're getting the AI to adopt different board member personas.
Think aggressive growth-focused investor, conservative CFO type, and tech-savvy product guru.
The AI analyzes the deck from these various perspectives, providing insights and raising questions a diverse board would typically bring up.
Now, here's the kicker: After the real board meeting, Greg's team compares the AI's feedback to what the human board actually said.
The results?
Claude is consistently scoring 90-93% accuracy, with GPT close behind at 89-90%.
Sheeesh.
Try this:
Even if you’re not a CEO, you can try this lil trick.
Before your next big meeting or decision:
1. Upload your presentation or proposal to an AI like Claude or GPT-4.
2. Ask the AI to analyze it from multiple perspectives. For example: "Review this as a risk-averse investor," "Analyze this from the viewpoint of an expansion-focused board member," and "Critique this as a technology expert."
3. Use the AI's feedback to refine your proposal and prepare for potential questions or objections.
4. After the real meeting, compare the AI's insights with the actual feedback you received. Use this to continually improve your AI prompts and decision-making process.
Oh, and we GOTTA drop this episode — go steal the GenAI blueprint of how the CEO of a $20 billion company.
3 – Breaking the AI Adoption Sound Barrier 💥
Greg's insights on AI adoption are eye-opening.
Despite the hype, most companies are struggling to implement AI effectively.
Section's recent survey of 1,000 knowledge workers revealed a stark reality: only 8% were what they considered "AI-ready."
Yikes.
Try this:
To boost AI adoption in your company:
1. Identify AI champions: Look for employees who are naturally curious about technology and open to new ways of working.
2. Invest in tools and training: Provide paid accounts for AI tools and comprehensive training on effective prompting and AI use cases.
3. Start with high-impact, low-risk tasks: Encourage your team to use AI for tasks like summarizing long documents, drafting emails, or analyzing data trends.
4. Create a feedback loop: Set up regular sessions where employees can share their AI wins and challenges. This not only helps refine your AI strategy but also creates positive peer pressure for adoption.
5. Lead by example: As a CEO, use AI in your own work and openly discuss how it's impacting your decision-making and productivity.
Oh, and THIS episode here is a must:
So can AI (almost) do your CEO’s job?
Today, it’s getting close.
Better prepare for tomorrow.
Now This …
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