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#2: Deep Dive - Why AI is reshaping the competitive landscape
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AI Revolution: Strategic Insights for Business Leaders
In this series of 'AI Demystified for Executives,' host Andrew Psaltis provides an in-depth exploration of AI's strategic foundations and transformative capabilities for business leaders. We chart AI's evolution from the 1950s to the present, emphasizing milestones like machine learning, big data, and large language models such as GPT. Key episodes delve into the versatility of AI technologies, including GPT, DALL-E, and Whisper, as adaptable tools for various business applications, while highlighting real-world industry examples like JP Morgan's COIN and Lemonade Insurance. Discussions cover AI's role in customer service, document processing, and managing ethical concerns such as hallucinations and data privacy. Practical strategies for AI adoption include the importance of education, starting small with pilot projects, and developing a comprehensive AI roadmap. The series underscores AI's potential to democratize industry competition and revolutionize business practices.
00:00 #2: Why AI is reshaping the competitive landscape
01:57 Historical Perspective
10:13 GPT and LLM
18:26 Examples
28:52 Challenges and Considerations
36:46 Conclusion
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