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Transforming Global Supply Chains with AI
GPT-4o gets fine-tuning, Microsoft launches new AI models, Gmail gets AI update and more!
Everyday AI
August 21, 2024
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Outsmart The Future
Today in Everyday AI
7 minute read
🎙 Daily Podcast Episode: Supply chains impact everything. So what happens when AI gets infused? How does it affect us all? We take a look. Give it a listen.
🕵️♂️ Fresh Finds: Best Buy adds AI delivery tracking, a new ChatGPT social media trend and Anthropic’s new coding tool. Read on for Fresh Finds.
🗞 Byte Sized Daily AI News: Microsoft launches new AI models, OpenAI partners with a major media company, Epic launches 100 new AI health features, and Gmail gets a new AI feature. For that and more, read on for Byte Sized News.
🚀 AI In 5: Is Ideogram 2.0 a new competitor to Midjourney? We dive in to compare. TBH, we were kinda impressed. See it here
🧠 Learn & Leveraging AI: Not sure why AI is so important for supply chains or the effect it’ll have on us all? We’ll break it down. Keep reading for that!
↩️ Don’t miss out: Did you miss our last newsletter? We talked about Anthropic getting sued by authors, OpenAI partners with U.S. gov. and the future of AGI. Check it here!
Transforming Global Supply Chains with AI 🏭
Supply chains impact everything.
And AI is impacting our supply chain at every level.
So what's it all mean for the future of the products we use every day and the supply chains that make it all possible?
Evan Smith, CEO and Co-Founder of Altana joins us to discuss.
Join the conversation and ask Jordan and Evan questions on AI and supply chain here.
Also on the pod today:
• Importance of Supply Chain 🏭
• Implication of AI in Supply Chain 🤔
• AI Addressing Industry Challenges 🤖
It’ll be worth your 35 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 – Phase is an open-source application manager, Contacted is AI powered content and SEO reports and MinusX is AI data scientist for your analytical apps.
AI in Retail – Best Buy is adding AI-powered delivery tracking.
Social Media - There’s a new trend/meme on social media that involves asking ChatGPT to insult your profile.
Anthropic – A new coding tool called Zed AI has been released in collaboration with Anthropic.
👀 New coding partner, who dis?
— Jordan Talks Everyday AI (@EverydayAI_)
2:42 PM • Aug 21, 2024
Big Tech and AI — Amazon's cloud chief suggests AI may significantly change software developers' roles, potentially reducing coding tasks.
AI Search — Google AI Overviews now align with top organic results 99.5% of the time— what does this mean for SEO?
AI Images — Aside from the Ideogram 2.0 launch, Midjourney just rolled out its new web experience to everyone.
1. Microsoft Launches Phi-3.5 Series 🚀
Microsoft has unveiled three groundbreaking Phi-35 models, featuring up to 419 billion parameters, tailored for tasks ranging from code generation to advanced image analysis. These models are setting new standards by outperforming competitors like Google’s Gemini and OpenAI’s GPT-4 on various benchmarks.
Remarkably, all three models come with an open-source MIT license, allowing developers to customize and utilize them without restrictions.
2. OpenAI Teams Up with Condé Nast for a Content Powerhouse 🤝
OpenAI has officially entered into a multiyear licensing agreement with Condé Nast, allowing the tech giant to feature renowned brands like Vogue and Vanity Fair in its products, including ChatGPT. Condé Nast CEO Roger Lynch emphasized the significance of adapting to new technologies while ensuring proper credit and compensation for their intellectual property.
This partnership positions OpenAI as a leader in media collaborations, following similar agreements with The Atlantic and News Corp.
This follows the recent introduction of the smaller and faster GPT-4o mini model, which also allows for fine-tuning but with less power than its full-sized counterpart.
3. Google’s Gemini Enhances Email Drafting Experience 📨
Google is upgrading its Gemini writing tools in Gmail with the introduction of a new “Polish” feature, aimed at refining your email drafts effortlessly. This enhancement is available to Google One AI Premium subscribers and those who have purchased the Gemini add-on for Workspace. When you start a new draft, a “Help me write” shortcut appears, allowing you to access AI-powered options like “Polish,” “Formalize,” and “Elaborate” with just a swipe.
With these tools now more visible on mobile devices, users can easily improve their emails and ensure their messages are polished and professional.
4. AI Predicts Tipping Points for Catastrophic Events 🌪️
In a remarkable breakthrough, computer scientists have developed an AI program capable of predicting catastrophic tipping points like forest fires and financial crashes. By integrating neural networks with extensive data analysis, the researchers achieved an impressive 81% accuracy in forecasting sudden ecological shifts using satellite data from Central Africa.
This innovative approach could significantly enhance our ability to prepare for and mitigate the impacts of such critical transitions.
5. California's AI Regulation Bill: Controversy Among Tech Giants 😬
California is preparing to vote on SB 1047, a significant bill aimed at regulating AI development and deployment in the state. Proposed by State Senator Scott Wiener, the legislation mandates extensive safety testing for advanced AI models and grants the attorney general the authority to sue developers who fail to comply, raising concerns among notable figures like Nancy Pelosi and Ro Khanna about its potential to hinder innovation.
Tech companies such as Google and Meta have expressed apprehensions regarding the bill's implications for open-source AI projects, highlighting the tension between public safety and technological advancement.
6. Epic Unveils 100 new AI features at UGM 2024 🏥
At this year’s Epic Systems Users Group Meeting, CEO Judy Faulkner took to the stage dressed as a swan, marking the kickoff of the event with a splash of whimsy.
The spotlight, however, was on the company’s ambitious plans to integrate over 100 artificial intelligence features into its health-care software, promising to simplify tasks for physicians and improve patient communication.
With tools that could transform how doctors draft messages and handle insurance claims, Epic aims to streamline cumbersome processes that bog down healthcare professionals today.
Ideogram 2.0 Review
Is there a new Midjourney competitor on the scene?
Ideogram has just released its 2.0 update and it’s pretty dang good.
Does it compete with Midjourney? We take a look.
Check out today's AI in 5.
🦾How You Can Leverage:
That mug you’re drinking from?
The coffee inside.
The table you’re setting it down on.
The remote you grab for to change the channel on that 65” TV that somehow fits on the wall?
All of it is impacted by the global supply chain.
And what’s impacting the global supply chain?
You guessed it, shorties: AI. And in a big way.
Evan Smith helped explain it all to us on today’s show.
He’s the CEO and co-founder of Altana, a company that provides AI-driven insights and visibility for managing global supply chains and compliance.
The company, recently valued at $1 billion, helps governments, enterprises, logistics companies and everyone in between to create a smarter AI-enabled supply chain.
Whether you’re in those industries or not, smarter supply chains benefit us all.
So what’s the future hold? And how has AI already changed how the world does business?
Let’s find out 👇
1 – Automate the Paperwork Nightmare 📑
One huge issue with the global supply chain?
Many key players across the globe are still going old school with pen and paper.
Seriously.
Evan dropped a bombshell we weren’t prepared for: the customs brokerage industry, which is essentially just humans reading documents and filing paperwork, is a $150 billion per year business.
That's billion with a B, folks.
Yikes.
So whether you’re in logistics or the supply chain, or your company contributes on the front or back end, you’ve gotta not only go digital, but go all in on AI.
Picture this: instead of armies of people squinting at PDFs and typing data into forms, you've got AI assistants that can read, understand, and process these documents faster than you can say "shipment delayed."
We're talking about taking a process that used to take hours or even days and condensing it into minutes or seconds.
Try this:
AI can help sort and declare goods for governments way faster and with fewer mistakes, making it easier to handle trillions of dollars of cross-border transactions.
Even if you’re a small guy in the big supply chain pond, you can use AI like yesterday.
Don’t worry if part of your logistics day-to-day still involves pen and pad. Start small.
Take a stack of receipts, invoices, or any other repetitive documents you deal with regularly. Use a free online OCR (Optical Character Recognition) tool to digitize them, then feed the text into a large language model like GPT-4.
(Or, just upload the docs themselves and have ChatGPT or Claude do the dirty work.)
Ask it to summarize the key points or extract specific data. Have your LLM of choice turn that data into spreadsheets, reports, follow-up emails, etc.
Compare the time this takes to your usual process. Now imagine this scaled up to handle millions of customs declarations or shipping manifests. That's the power of AI in the supply chain world.
Oh, and go check out this list of some of the best AI tools for people in the supply chain and logistic industries.
Talk about winning time back.
2 – Map Your Product’s Global DNA 🧬
Yeah, that coffee mug didn’t go from Nespresso to your end table.
Products oftentimes take a long and complicated journey to get from point A to point Z.
Evan revealed that AI can now render a "bottoms up, living, breathing view of the global supply chain."
This means you can trace every component of your product from raw material to finished good, uncovering hidden risks and opportunities.
Try this:
This isn’t some future tech you have to wait for.
A recent GEP study showed that 42% of businesses are planning investments in real-time tracking and monitoring within supply chains.
Here’s one way you could start.
Pick one product in your company (or one you use daily if you're not in the industry). Use an AI-powered supply chain mapping tool like Altana to trace its journey.
Look for surprises:
Where are the raw materials sourced?
How many countries does it pass through?
Is forced labor used?
Are there any single points of failure?
What is the product’s carbon footprint?
This exercise can reveal vulnerabilities you never knew existed and help you make more informed decisions, whether you're a business owner or a conscious consumer.
3 – Future-proof Your Supply Chain 💪
Remember when COVID-19 hit and suddenly toilet paper became more valuable than gold? That's what happens when supply chains aren't prepared for the unexpected.
(Also, what was the highest you paid? We’re recalling like $20 for 6 rolls. And not even that fluffy Charmin quadruple stuffed good stuff.)
On today’s show, Evan stressed that every C-suite and board he talks to has supply chain resilience as a top priority.
Why?
Because in today's interconnected world, a hiccup in one part of the globe can cause a full-blown supply chain flu halfway across the planet.
That’s where AI becomes your crystal ball.
Look at you, supply chain wizard!
Imagine being able to run simulations of your entire supply chain, testing it against every possible disaster scenario.
What happens if a key supplier's factory burns down?
How about if a major shipping route gets blocked by a stuck container ship?
Try this:
Simulate this, shorties.
One great part of GenAI and LLMs doing a lot of our mundane tasks?
It gives us more time to focus on the meaningful, like putting human minds to work to troubleshoot supply chain’s biggest problems.
Conduct a "stress test" thought experiment for your business or household.
What's your biggest vulnerability to supply chain disruptions?
It could be as simple as your favorite coffee being out of stock, or as complex as a key business component becoming unavailable.
Use AI-powered news aggregators to track potential disruptions in that area. Set up alerts for key terms.
This proactive approach can help you stay ahead of potential issues, whether you're running a multinational corporation or just trying to keep your pantry stocked.
Wanna dive in even deeper?
Go check this recent study from Georgetown that talks about AI’s evolving role in resilient supply chains. (Altana was featured in this one!)
(Or your fave LLM like Claude, Gemini, Copilot, etc)
Now This …
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