In an engaging session, David Tan, CTO of CrushBank, hosted the much-anticipated webinar titled “What You Need to Know Now About AI.” Attendees were treated to a deep dive into the latest advancements and trends in artificial intelligence, distilled from major industry events such as IBM Think and Google I/O.
Latest AI Trends and Technologies:
David began the webinar with a thorough analysis of the newest trends in AI. Highlights included breakthroughs in natural language processing (NLP), advancements in machine learning models, and the growing impact of AI on various industries.
Insights from IBM Think emphasized the integration of AI in enterprise solutions, while Google I/O showcased cutting-edge developments in AI-driven products and services. Notably, companies like OpenAI, Meta, and Microsoft have simultaneously announced new versions of AI models, highlighting the rapid pace of innovation in the field.
David highlighted this rapid rate of innovation in AI, cautioning about the challenges society faces in keeping up. He noted that while 99% of data in the public domain is part of large language models (LLMs), only 1% of enterprise data is, presenting a significant opportunity for businesses.
David also discussed IBM’s transparent and reliable AI models, which use open-source technology, allowing even those with lesser-powered machines to custom-train and tune models.
He mentioned CrushBank Neuro, a conversational search platform leveraging watsonx, which sources data exclusively from a company’s systems and trusted sources.
Generative AI is estimated to have a $4.4 trillion impact on global GDP by 2030, driven by AI applications. Tan said that it is predicted that by the end of this decade, there will be between 600 million and 1 billion apps written entirely by AI. He emphasized the importance of understanding AI’s capabilities and leveraging its opportunities.
Practical Advice for Leveraging AI:
Participants gained valuable advice on incorporating AI into their business strategies. David shared actionable tips on implementing AI solutions to enhance operational efficiency, customer experience, and decision-making processes. He emphasized a strategic approach, advising businesses to start small, and focusing on specific use cases to demonstrate value before scaling up.
Conclusion
The CrushBank AI webinar, “What You Need to Know Now About AI,” proved to be an enlightening and enriching experience for all participants. David Tan’s expertise and the interactive format ensured that attendees left with a clearer understanding of the AI landscape and actionable strategies to harness its potential in their businesses.
Whether just embarking on the AI journey or seeking to enhance existing capabilities, participants are now better equipped to stay ahead in the dynamic field of AI.
Stay tuned for future webinars from CrushBank to continue your AI education and stay at the forefront of technological innovation.