EP 37: Using ChatGPT Across Different Functions of a Company

Wed Jun 14 2023

EU Parliament passes European AI Act

The EU Parliament has passed the European AI Act, which is the first law in the Western world.
The act requires foundation models like Chat GPT to ensure that their training data does not violate copyright law.

Salesforce has announced a comprehensive suite of AI and few software called Salesforce AI Cloud.
The product is geared towards enterprise companies with a reported price tag of about $360,000 annually.

Meta has released its own version of an AI image creation model called iJepa.
iJepa uses knowledge of the world to complete images rather than looking at nearby pixels to auto-complete an image.

Improving is an IT consulting company that advises clients on technology and uses technology themselves as an internal business capability and consultant area.
They are still figuring out how to approach using chat GPT.

Using AI tools like chat GPT requires great responsibility.
Not using it is not an option as it cripples competitiveness.
Companies need to be cautious about exposing their intellectual property while using chat GPT.
Clients' decisions on the use of AI tools should be respected and followed.

Chat GPT can be used in any vertical of a company, including software development, compliance and policies, marketing, sales, and ideation research.
It can provide input into topics like privacy policy or marketing campaigns.
Chat GPT can summarize long texts to help with effective communication.

Entrepreneurs are using AI programs for content creation, while larger companies use it more for ideation research.
Two-fold safeguards are needed to make users feel comfortable sharing information and measure accuracy with confidence.
Chat GPT needs to detect its own hallucinations and provide a confidence score on responses.

Microsoft Co-Pilot promises to help consultants produce documentation around their work and create after-action reports automatically.

Co-pilot promises to read all emails and team messages related to an incident and produce an after-action report in PowerPoint with graphs.
AI tools like co-pilot can help process a ton of information that flows past us, helping us get to things we missed and create summaries.
Excel documents full of data can be analyzed by AI tools and summarized in Word or PowerPoint presentations.
AI tools can help improve productivity without impacting jobs, enabling employees to do their job better.
Companies should use AI tools if they are in a position where they can be used because it is the way of the future.
Most companies don't have staff who can read all emails and summarize them for an after-action report, so AI is more enabling than threatening.