How to Avoid Hype and Add True Value to Your Business With AI

🔥 TOP STORY

Editor’s Choice: Innovation Outlasts Invention: Assessing the Value of New Tech

With so much buzz around generative AI, companies risk losing money and time getting swept up in the thrill of a new invention. To avoid those pitfalls, companies need to carefully consider where the real value lies and how to extract that value with AI.

"This is the critical difference between innovation and invention," writes Scott Varho, in this succinct, actionable overview of ways to add more value with AI processes and tools. (7 mins)

Tip: Use this article to identify impactful AI-driven opportunities for your business, and complement those insights with the practical, market-specific use cases in the Quick Hits.

⏱ QUICK HITS

Exploring the Impact of Artificial Intelligence on Product Manufacturing (8 mins)

Do the numbers: How AI is helping revolutionize accounting (7 mins)

How Is Retail Evolving: Implementing AI in Brick-and-Mortar Stores 
(7 mins)

8 analyst predictions on the future of ChatGPT and generative AI in marketing and retail (8 mins)

Three ways media leaders can leverage generative AI (6 mins)

Are You Better Than An AI? [Marketing Case Study] (4 mins)

⚙️ TOOL TIME

The easiest way to give your chatbot a mind of its own. Train it with text, PDF files and even your whole website and this little guy will come back with the answers you need. If you’ve ever built a chatbot flow, you’ll know what a massive win it is to have a tool like this.

ChatIQ.ai is built on ChatGPT and works in any language.

🎥 WATCH THIS [Video]

What is Auto-GPT? A Next-Level AI Tool Surpassing ChatGPT? (4 mins)

Auto-GPT is a new technology that creates its own prompts and feeds them back to itself, enabling it to handle complex, multi-step procedures. Here's a quick look at what's being called the successor to ChatGPT.

👉 ONE TO WATCH

Bernard Marr (from Watch This video above)

Bernard Marr is a best-selling author, keynote speaker and strategic advisor to companies and governments worldwide. An expert in digital transformation and the intelligent use of data in business, Marr’s videos and interviews make many tech topics accessible to wider audiences.

You can follow him on Linkedin here.

♠️ WILD CARD

It’s not just writing essays or social media copy, in another great AI life hack move, a college student asked Chat GPT to get out of a parking ticket, and it worked!

🔭 LOOKING AHEAD

Has GPT-4 really passed the startling threshold of human-level artificial intelligence? Well, it depends (3 mins)

While sidestepping a hard yes-or-no (as noted by the headline), this article weighs the current evidence, and concludes that whatever the threshold, collaboration with AI is the best path forward.

📚 THE LONG READ

Large, creative AI models will transform lives and labour markets (13 mins)

Want to dig into the details of how generative AI and large language models (LLMs) work -- but without too much tech jargon?

This is the guide you're looking for, part one of a three-part series by The Economist, explaining how AI will revolutionize our future.