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KPMG Leader's Secrets of Balancing AI Innovation and Ethics ⚖️
✅ Ethical AI innovation, ChatGPT Plugins are leaving, Stable Diffusion 3 released, and more!
Everyday AI
February 23, 2024
Outsmart The Future
Today in Everyday AI
6 minute read
🎙 Daily Podcast Episode: When it comes to AI implementation there’s ethical considerations you should keep in mind. A KPMG leader shares his secrets on ethical AI innovation. Give it a listen.
🕵️♂️ Fresh Finds: AI for design to code in 1-click, the role of a Chief AI Officer, and what Tyler Perry thinks of OpenAI Sora. Read on for Fresh Finds.
🗞 Byte Sized Daily AI News: ChatGPT Plugins are being removed, Stable Diffusion 3 is released, and Google Chrome gets an AI writing assistant. For that and more, read on for Byte Sized News.
🚀 AI In 5: ChatGPT is removing plugins! Here’s why it’s bad and what you should do now. See it here
🧠 Learn & Leveraging AI: Wondering how you can ethically innovate with AI. Here’s what a leader from KPMG had to say. Keep reading for that!
↩️ Don’t miss out: Did you miss our last newsletter? We talked about AI Secrets from a $300 million healthcare disrupter, Google pauses Gemini image generation, Reddit and Google strike AI content deal. Check it here!
KPMG Leader's Secrets of Balancing AI Innovation and Ethics ⚖️
When it comes to using AI, there's no limit to the ways businesses can use it for growth.
BUT there probably should be some limits on how you implement AI.
There's ethical considerations that you should keep in mind when using AI.
Luckily we had a leader from KPMG join us to break down what those considerations are.
Kelly Dowd, Senior Consultant, Innovation Lab at KPMG, joins us to discuss how to balance the ethics and innovation of AI.
Join the conversation and ask Jordan and Kelly questions on AI and ethics here.
Also on the pod today:
• Key Factors for AI Adoption 🛂
• KPMG’s Approach Towards AI Adoption 💡
• Recommendations for Ethical AI Adoption ✅
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 – Locofy gives you design to code in 1-click, Rely.io is a developer portal with an AI assistant, and Doctranslate.io perfectly translates and crafts your documents.
Trending in AI – Tyler Perry put his plans for an $800 million expansion of his studio on hold after he saw OpenAI’s Sora.
Future of Work - With everyone’s job being affected by AI, does it still make sense to have a single “Chief AI Officer” role?
AI Tech – Check out this article about AI bionic arms and their strength.
AI in Healthcare – Healthcare startup Abridge raised $150 million for AI models dedicated to clinicians.
1. OpenAI is Removing ChatGPT Plugins 😰
Get ready to say bye to ChatGPT plugins as they ride off into the sunset on March 19, 2024. With hundreds of thousands of GPTs now available in the store, the plugins era is coming to a close, but your existing plugin conversations will linger until April 9, 2024.
2. Stable Diffusion 3 Released 🖼
Stability AI dropped a bomb with the latest Stable Diffusion 3. With cutting-edge techniques like "diffusion transformer" and "flow matching," SD3 boasts a range from 800 million to 8 billion parameters, catering to a variety of hardware setups. Emad Mostaque hints at SD3's advanced capabilities in multimodal understanding and video input generation, challenging the API-driven competition.
3. Google Chrome's New 'Help me write' Feature 📝
Google Chrome's latest update introduces the "Help me write" feature to level up your online writing game. With Gemini models, this tool assists you in crafting content, whether you're reviewing garden tools or booking a hotel. Sign into Chrome, enable the feature in settings, and it’ll assist you with your everyday writing tasks.
4. Apple Support Staff Get AI Upgrade with "Apple Ask" Tool 🗣
Apple is taking customer support to the next level with an internal AI tool called Apple Ask, allowing advisors to easily access answers from Apple's knowledge base. This innovative tool is set to revolutionize how advisors handle complex customer queries and promises factual, traceable, and useful responses. Plans are to expand its usage to more advisors.
5. Match Group and OpenAI's Epic $20 Million AI Deal 💕
Match Group and OpenAI are set to revolutionize the dating app scene with a massive enterprise agreement worth over $20 million, bringing AI chatbot technology into the mix. The deal will see Match Group harnessing OpenAI's ChatGPT-4 to enhance coding, design analysis, and daily tasks across their popular platforms like Tinder, OkCupid, and Hinge.
ChatGPT is killing plugins! Why it's a big mistake!
We hate to break the news y’all but OpenAI is killing plugins!
All of the ChatGPT plugins will soon not be available for use starting in April!
We’re showing you why it’s a big mistake and what you should do now.
Check out today's AI in 5.
Or check out this related video:
🦾How You Can Leverage:
Is it possible to balance AI innovation and ethics?
Can you tap into the hyper-personalization that large language models offer, yet still keep privacy in mind?
Tough questions, right?
Today, we brought answers.
Hopefully you didn’t call it an early weekend, because Kelly Dowd went into straight Professor Kelly mode, giving us AI insights that can help businesses of all sizes balance AI growth and ethical considerations.
Kelly is a Senior Consultant, Innovation Lab at KPMG.
Yes THAT KPMG. The global consulting juggernaut that advises some of the globe’s largest brands.
That’s why today’s conversation is a must listen to.
Maybe you can’t afford to hire a Big Four consulting firm for your biz. But you can’t afford NOT to gobble up insights from one of their senior consultants.
Miss your opportunity? Don’t worry, you can always go ask us a question here.
Ready to walk that AI innovation-privacy tightrope?
Let’s get it shorties. 👇
1 – AI Innovation isn’t optional 🤷
Kelly had a powerful comparison to adapting for businesses in a new world of Generative AI — a pandemic.
He said that we humans weren’t necessarily ready for COVID-19, yet we all had to adapt. We didn’t have a choice, and we had to make some immediate and long-lasting changes.
Same thing with AI innovation.
Whether you’re a business leader at a Fortune 500 or a small biz entrepreneur, you don’t have a choice.
We’ll take it a little further and offer some advice — innovate or suffocate.
Try this:
You don’t have to look into the fogginess of an AI future of your own. The KPMG team already did some heavy lifting.
Go check out their in-depth GenAI survey and find out where biz leaders are focusing on when it comes to AI innovation.
2 – Ethical Communication is Key 🔑
Sometimes the most troubling problems have simple solutions.
Talk more.
Kelly gave some straightforward yet powerful examples.
Need more data for AI personalization?
Communicate why ahead of time, and after the data collection.
Does the client work now take 3 days instead of 2 weeks because of AI?
Tell your client or customer that.
Try this:
Not sure how to talk to your customers or clients about how you’re using GenAI?
3 – Follow the Ethical Leaders 🧑💼️
We get it.
Balancing AI innovation and those buggy ethical standards is easier said than done.
Kelly pointed us in the right direction — follow those who are getting it right.
Study them and emulate their approach.
Kelly dropped a great example — how beauty giant Sephora is using AI and data to offer customers more personalized skin care options.
Try this:
Yes, Sephora did make a misstep and was fined in 2022 due to California’s strict Consumer Privacy Act.
Yet, the brand has bounced back in a big way with its recent advancements in AI and personalization, while also ensuring compliance with data privacy regulations.
See what businesses can learn from their AI transformation.
⌚
Numbers to watch
$150 Million
Healthcare startup Abridge raises $150 million for an AI model for clinicians.
Now This …
We wanna hear from you!
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