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Generative AI. If you haven’t heard about this technological marvel, you might be living under a rock. It seems to be everywhere. Conversations around generative AI exploded last year when ChatGPT came to market, and the technology has garnered headlines and exponential momentum ever since.
In this episode of the C-Suite Chronicles, we delve deep into the world of generative AI and its role in reshaping industries, from gaming and entertainment to healthcare and logistics. As we journey through the capabilities and intricacies of this groundbreaking technology, we’re joined by leading experts in the AI space. Boaz Ashkenazy is CEO at Seattle-based Simply Augmented, which helps companies seamlessly integrate generative AI to improve efficiency and productivity and achieve scale. He’s also the host of the Shift AI podcast. Heather Redman is a venture capitalist and Co-Founder and Managing Partner of Flying Fish Partners, which invests exclusively in AI.
Here are some key takeaways from this enlightening episode:
What is generative AI?: We kick off by demystifying generative AI, explaining how it differs from traditional AI, and why it’s considered the cutting-edge frontier of artificial intelligence.
Applications across industries: From generating poetry to creating virtual environments and even drug formulations, generative AI has a wide array of applications that are making waves in multiple sectors.
Technological milestones: We explore some pivotal moments in the development of generative AI, including advancements in biopharmaceuticals and its intersection with emerging technologies such as quantum, augmented reality, and blockchain.
The future for jobs: There has been speculation, even panic, about AI eliminating jobs on a mass scale. According to Boaz, although some jobs may be lost, AI is a tremendous opportunity for workers to focus on areas of growth in their companies and aspects of their roles that they love. Heather is taking more of a “wait-and-see” approach, but she forecasts great potential for productivity increases and job creation, even as some traditional jobs go away.
Regulation: As with any powerful technology, generative AI poses regulatory questions, including concerns about privacy and the potential for misuse. Our experts weigh in with thoughts on some things policymakers should focus on as they begin to navigate these challenges.
Future Prospects: What does the future hold for generative AI? Our experts offer their predictions on upcoming developments and how generative AI will continue to evolve and impact our lives in the years to come.
Don’t miss this enlightening episode that promises to expand your understanding of generative AI, a technology that is redefining the boundaries of what machines can create and accomplish.