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GenAI for business: a beginner's guide

5 steps for GenAI implementation, Secret way to access ChatGPT desktop app, Google Search AI summaries misinformation and more!

Author

Everyday AI
May 24, 2024

Outsmart The Future

Sup y’all 👋

With the Memorial Day holiday here in the U.S., we’ll be resting and relaxing on Monday. So if your email inbox or podcast feed looks empty, that’s why.

We’ll be back with some #HotTakeTuesday on Tuesday.

We got some fun things planned for June. Can’t wait to share ‘em with ya!

Oh and check the bottom of the newsletter for a surprise…

✌️
Jordan

Today in Everyday AI
8 minute read

🎙 Daily Podcast Episode: Looking to implement generative AI in your business? We’ve boiled down hundreds of hours of expert advice into 5 simple steps to success. This one’s a MUST. Give it a listen.

🕵️‍♂️ Fresh Finds: NVIDIA cutting its China AI chip prices, IBM releases watsonx updates and Google AI search telling users to eat rocks and glue pizza? Read on for Fresh Finds.

🗞 Byte Sized Daily AI News: Hollywood and Big Tech talk AI content, Google Search AI summaries misinformation and Elon Musk kinda implies that human jobs will be optional, whatever that means. For that and more, read on for Byte Sized News.

🚀 AI In 5: Even if you haven't received official early access to the ChatGPT desktop app, we’ve got a secret, unofficial hack for you! See it here

🧠 Learn & Leveraging AI: We’re giving you our 5-step guide to implementing GenAI into your business today. Keep reading for that!

↩️ Don’t miss out: Did you miss our last newsletter? We talked about Google I/O, OpenAI and News Corp's media deal worth a whopping $250 million, Microsoft Bing outage and a Gemini data analysis test. Check it here!

GenAI for Business: A 5-Step Beginner's Guide 🚀

Implementing Generative AI in your business is one of the hottest topics today.

Everyone is trying to figure out how to add GenAI.

We've talked to more than 120 experts and leaders across the world spanning from enterprises to startups and CEOs.

We're laying out the blueprint with our 5-step guide on how you can add GenAI to your business today!

Join the conversation and ask Jordan questions on GenAI here.

Also on the pod today:

• Focus on AI education 🧑‍🏫️
• AI Guidelines and Guardrails 🔓
• Practical Application of AI ✅

It’ll be worth your 55 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 – World of Gami is an AI Trello alternative, helpmee.ai is an AI tech companion for those who struggle with understanding tech and LegalLint is AI legal document formatting for Microsoft Word.

New AI Models — Stability AI, amidst talks of looking for a buyer, has just released new features in its AI assistant.

Zapier and AI — Zapier updated its newly released Zapier AI Chrome extension, adding some new AI-powered summarization and translation features.

Google AI — Users are a bit confused about Google’s new updates to its AI-powered search, as it’s suggesting wild things like eating rocks and gluing pizza.

Trending in AI – NVIDIA is cutting its China AI chip prices to compete with Huawei’s AI chips.

Local AI Models — Not sure how to run Meta’s Llama 3 on your local machine? Meta just released a step-by-step guide for Linus, Windows, Mac and more.

Big Tech – IBM has announced a slew of updates to watsonx including open source and new products.

LLMs - This visual gives a great perspective of the foundation model battle happening over the past year.

Money in AI - Musk’s xAI is nearing a deal which will have the company worth $24 billion.

1. Hollywood in Talks with Tech Giants for AI-Generated Content 🎬

Major Hollywood studios are in discussions with tech giants like Alphabet, Meta Platforms and OpenAI to license AI video generation software for creating realistic scenes from text prompts.

The potential deals, worth tens of millions of dollars, aim to explore ways to leverage AI technology to reduce production costs while safeguarding intellectual property rights.

2. Google's AI Summaries Stir Controversy in Search Results 😬

Google's new AI-generated summaries in search results are causing quite a stir with errors like suggesting using glue on pizza and misinformation about US presidents. Concerns are rising not only about factual accuracy but also about the impact on publishers and the potential legal implications for Google.

As AI takes over more content creation, the future of online information and Google's role as a publisher are under scrutiny.

3. AI Titans Clash Over EU Regulations 🥊

Meta and Amazon top dogs lock horns over the EU's new AI rules, fearing innovation shackles. Yann LeCun, AI maestro and Meta's AI chief, questions if regulating AI research and development is a smart move, brushing off concerns of AI surpassing human intelligence anytime soon.

Meanwhile, Amazon's Chief Technology Officer, Werner Vogels, advocates for tailored risk management in high-impact sectors to avoid stifling innovation.

4. Meta Teases Premium AI Assistant with Coding Tool 👀

Meta is rumored to introduce a premium version of its AI assistant. The company hinted at this move in an internal post, spied by The Information, sparking speculation on what perks and price tags could be in store.

Additionally, whispers suggest Meta might be cooking up an AI coding tool, a feature already served by tech bigwigs like GitHub and Amazon.

5. Elon Musk Warns AI Could Make Jobs Optional 🚨

Elon Musk foresees a future where artificial intelligence and robots could revolutionize the job market, making traditional employment more of a choice than a requirement. Musk suggests that AI and robots could fulfill our needs for goods and services, potentially reshaping the concept of work as we know it.

However, concerns rise as experts question the emotional fulfillment and meaning individuals may derive in a job-free era dominated by technology.

So…. if jobs are optional, does that mean Elon is gonna pay our bills? 🤷‍♂️

ChatGPT Desktop App – secret way to get early access

Although the new ChatGPT desktop app has been announced, not many people have been given access to actually install the app.

Curious about how to get your hands on the new ChatGPT desktop app before everyone else?

Even if you haven't received the official early access message, I've got a secret, unofficial hack for you!

🦾How You Can Leverage:

The company that figures out AI implementation is gonna win 2024. 

Lucky for you: we have the blueprint here. 

The newsletter is definitely the tl;dr version of today’s show, which should be a requirement for anyone interested in GenAI. 

Like we mentioned above, a lot of the content from today’s show goes out to some stellar guests who shared their insights on (and off) camera. 

We’ve had 120+ amazingly talented guests on our show, and have worked offline with thousands of others teaching the basics of GenAI. 

While the majority of today’s show came from our own experiences helping clients implement GenAI, we spent hours digging into insights from these amazing people and previous episodes 👇

Ep 23: Using AI in the C-Suite for Human Connectivity with George Alifragis from the Cyber Security Global Alliance

Ep 90: How To Tackle AI Privacy and Governance with Katharina Koerner from the Tech Diplomacy Network 

Ep 98: The Art of Storytelling – Experience From a Microsoft AI Ambassador with Doug Thompson, former Microsoft AI Ambassador and Owner of The Doug Thompson LLC

(You gotta cite your sources shorty!) 

Whew. That’s a lot of additional listening. If you had no plans this weekend, now ya do!

Now, let’s dig beneath the sand and find those golden AI nuggets, shall we? 

This is the legit blueprint on how to implement GenAI in 2024. 

Dig in 🍽

1 – Gather insights from a ground-up committee️ 👥

You don’t start with guidelines and guardrails.

You start with a fast-paced, yet intentionally deep AI committee built from the ground up. 

Tackling tough questions before anything is set in stone is important for widespread buy-in and transparency through a process that is honestly a bit uneasy for everyone. 

Start by asking Why GenAI. 

(The answer might be based on studies that show GenAI can automate up to 70% of what employees spend their time on today) 

And talk openly about what happens if AI works. (More on that in #5) 

Try this: 

Your AI implementation committee should have more entry level workers than upper management, directors and C-suite.

If you want to be successful, you have to thoughtfully take into account insights from the very people who may be using GenAI the most on a daily basis. 

Also, see what insights global leaders have already put together in the EU AI Act, the Hiroshima AI Process, and the White House Select Committee on AI. 

(Hint, that’s probably not the C suite. If you build top-down with mandates from the mountain, you’ll fail.) 

2 – Create straightforward guidelines with guardrails 🔐

Imagine being in a crazy car. 

But it’s a completely foreign type of vehicle on some otherworldly road. 

All those decades of driving won’t help you there, right? 

That’s what Generative AI is like once your company fully embraces it. 

Hence, the need for guidelines and guardrails. 

Before you can sprint toward your first implementation, you need to take all of the insights from your (deliberate yet quickly moving) AI Committee into rules on paper. 

Try this: 

Again, don’t fret shorties.

So many great orgs have already put great rules in place that you can borrow from. (Don’t steal em, but use them as your inspo.) 

The White House Executive Order on AI is a great start. Also, check out Unesco’s Recommendation on the Ethics of AI and the recommendations from the NIST. 

Oh, also check to see what existing policies you already have in place that could be updated to include provisions on responsible and ethical AI use. 

3 – Sprint toward your first small measurable AI project 🏃

If you think your company’s first AI project should be a one-year pilot program building your own Large Language Model, that’s a recipe for failure. 

Seriously. 

Instead, we suggest focusing on an easy win that makes sense across all departments. 

We talked about 3 examples, and gave recommendations on how to communicate the story to other departments and stakeholders. 

Try this:

Make sure your first AI implementation makes sense and is quantifiable. Can’t emphasize enough how important that piece is if you wanna win in the long-run. 

4 – Invest heavily in education and training that align with long-term business goals 🧑‍🏫️

This one’s a doozy. 

To be honest, proper GenAI implementation might mean unlearning decades of best practices. 

The best piece of advice here is to focus on ongoing education and GenAI learning opportunities for your company.

(We do that for individuals and companies! Just reply to this email for more info.) 

Before you can properly leverage GenAI in the long-term, you have to focus on explainability. 

You can’t just let the black box of Generative AI remain a black box. To increase trust, you need explainability.

Try this: 

We took a DEEEEP dive into this one on a previous show, so make sure to check that show out.

5 – Plan for a future of what happens when AI works 🤔

What happens when AI actually works?

The answer is hard to come by, actually.

You know that whole ‘83% of companies say GenAI is a top priority, but only 4% have implemented GenAI across their entire org.’

But if you do GenAI implementation the right way, you have to prepare for what comes after.

When you follow steps 1-4, how your company does business changes completely.

Try this: 

Before you’re fully off to the GenAI races, have the tough conversations.

  • Do jobs go away?

  • Do impacted workers get reskilled and upskilled? Will job roles change? 

Those questions are for your company to figure out, but they’re required questions to explore.  

⌚

Numbers to watch

600%

NVIDIA’s earnings kinda exploded, as they reported a 600% profit increase.

If only someone woulda given us all a heads up, right?

Now This …

We wanna hear from you (and a surprise below!)

Where is your business at with GenAI implementation? (Vote to see results)

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Whether you’re trying a full-fledged GenAI implementation, or you’re just trying to get more out of ChatGPT, it helps to have an expert in your corner.

(That’s us.)

We’re offering quick GenAI consults. They’ve been a HUGE success so far.

Save hours of going down the wrong path and get on the road to GenAI implementation.

The first 5 people can use code GenAI15 for 15% off. 👇

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