Ethan Mollick's insights from "On holding back the strange AI tide", make a strong argument that the traditional approaches to AI in businesses are significantly misaligned with the technology's inherently transformative nature. Mollick challenges the prevalent strategies of ignoring, banning, or centralizing AI, highlighting their ineffectiveness in harnessing AI's full potential. Embracing AI’s Transformative Power...
Category: Business
Is AI not so bad for the job market after all?
A recent study by MIT researchers meticulously examined the economic viability of automating tasks with computer vision AI, revealing a nuanced landscape. (Note that in the context of LLMs people often speak of multimodality, i.e., models that are able to handle other modalities such as images, audio, or video in a unified framework.) According to...
Navigating the AI-Driven Transformation in the Job Market
In the wake of Google's recent restructuring, where hundreds of roles in its advertising-sales team are being eliminated, a crucial question emerges: Is the AI evolution changing the situation on the labor market? This development, as reported by Business Insider, underscores the profound changes AI is inducing in the corporate landscape. Historically, technological advancements, despite...
IKANGAI’s Recognition in the AI Sector
In the landscape of European artificial intelligence, a noteworthy development has emerged: IKANGAI has been shortlisted as a Top AI Solutions Provider in Europe for the year 2024 by the CIO Applications Europe magazine. A Recognition of Excellence Our inclusion on this esteemed list goes beyond a simple accolade. It signifies a door opening to...
How OpenAI is disrupting startups and the Internet
OpenAI's DevDay 2023 marked a pivotal moment in the AI industry. OpenAI was not only announcing updates to their platform but also implementing them immediately and without prior notice. This has had a significant impact on startups that relied on products interfacing with OpenAI models as many tools became outdated overnight. Especially the introduction of...
How AI is Reshaping the World of Professional Writing
In today's rapidly evolving digital landscape, AI is no longer confined to the domains of virtual assistants like Siri and Alexa. AI tools, like ChatGPT, are emerging as formidable players in the professional realm, particularly in writing. But as this technology gains traction, several questions arise: How is it changing the way professionals work? What...
How to Take Your Small Business Online
Whether your small business is well-established, just starting out, or somewhere in between, having a dedicated online presence is a must. Why is this such a necessity? Consider these statistics: As of 2023, over 4.88 billion people globally are internet users. Around 97% of consumers go online to find and research local businesses. Over 70%...
AI in the Workplace: A Plus for Productivity and Quality
The world is abuzz with talks of Artificial Intelligence (AI) and its transformative potential. But how does it fare when integrated into the daily workflows of knowledge workers? A recent paper titled "Navigating the Jagged Technological Frontier" delves deep into this question. Understanding the Study's Landscape The study's core objective was rooted in the increasing...
Why Your Business Should Enroll Employees in AI Workshops
Artificial Intelligence (AI) is reshaping the global business landscape. Its applications span every industry, driving operational efficiencies and enabling innovation. As businesses strive to harness the power of AI, it's crucial to ensure that their employees are equipped with the requisite knowledge and skills. Recent research further underscores the significance of AI integration in the...
When LLMs Code: Is there a Future for Human Software Engineers?
Software engineers, once confident in the security and indispensability of their roles, find themselves in an era of increasing technological advancement where their job security is questioned. Similar sentiments are echoed by professionals in other fields. Copy editors and translators, for instance, have been grappling with the rise of advanced algorithms and automation tools that...
