News 5th November 2024

Welcome to the AI in Business podcast. 

 

In this show we talk about how leaders and entrepreneurs can benefit from not only the implementation of AI, but also the innovation and growth in creative thinking that comes with it. At AiMegos we have seen time and time again how this growth in creativity creates results that directly impact on your bottom line—in a very positive way. 

 

I'm your host, Lee Hopkins. Today we have some news that will be of importance to you and the team of creatives you assemble to figure out why and how you are going to implement AI.

 

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Firstly, Open AI has launched ChatGPT Search, a direct competitor to Google Search, and a competitor to the free version of Perplexity. 

 

With ChatGPT Search you can get fast, timely answers with links to relevant web sources, which you would have previously needed to go to a search engine for. This blends the benefits of a natural language interface with the value of up-to-date sports scores, news, stock quotes, and more. Chats also now include links to sources, such as news articles and blog posts, giving you a way to learn more.

 

OpenAI have created an extension for the Chrome browser so that ChatGPT Search—with your permission—becomes the default search engine. 

 

https://openai.com/index/introducing-chatgpt-search/

 

 

 

And while we are mentioning Google, Google's DeepMind team have just announced they are going to make available a watermarking tool. This will allow near-instant recognition of content that is created by artificial intelligence. Developers and businesses will get the first roll-out of the tool.

 

https://t.co/n2aYoeJXqn

 

 

Thirdly, KPMG is experimenting with AI agents — software tools that can be programmed to perform tasks on behalf of the user — as the Big Four accounting and consulting firm looks to become a leading early adopter of the technology, an executive said.

 

The company has reportedly “prototyped and incubated” several agents, including one that is intended to support audit teams.

 

https://www.ciodive.com/news/kpmg-testing-ai-agents/731431/

 

 

Lastly, there's a big rush by startups and other nimble players to create some tool in the Agentic space. 

 

What's 'Agentic', you might ask? 

 

Agentic AI refers to a class of artificial intelligence systems that are designed to operate autonomously, pursuing complex goals and tasks with minimal or no direct human supervision. These AI systems are capable of making decisions, planning actions, and adapting to dynamic environments based on real-time data and feedback.

 

Agentic AI has several key components that make it so powerful, hence why the rush is on to get product out:

 

1. Autonomy: Agentic AI can function independently, initiating and completing tasks without constant human oversight. This allows it to handle complex workflows and decision-making processes, often in real-time environments.

2. Goal-Oriented Behavior: Unlike traditional AI, which typically follows predefined rules or responds to specific inputs, agentic AI is designed to pursue objectives proactively. It can set its own sub-goals and adjust strategies as needed to achieve broader targets.

3. Reasoning and Planning: These systems use sophisticated reasoning capabilities to break down complex tasks into smaller steps (a process sometimes referred to as “chaining”). They continuously assess their progress and adapt their plans based on new information or changing circumstances.

4. Adaptability: Agentic AI can dynamically adjust its actions in response to changes in its environment. This makes it particularly useful in scenarios where conditions are unpredictable or constantly evolving.

5. Learning and Improvement: Through techniques like reinforcement learning, agentic AI systems can improve their performance over time by learning from their interactions with the environment.

 

Agentic AI is being deployed across various industries due to its ability to manage complex processes autonomously, such as 

 

* Robotics and Autonomous Vehicles.

 

* Enterprise Automation: In business settings, agentic AI is used for workflow optimization, automating multi-step processes such as supply chain management or customer service operations.

 

* Healthcare: Agentic AI can assist medical professionals by handling time-consuming tasks such as data analysis or treatment planning, allowing doctors to focus on patient care.

 

* Customer Service: Intelligent personal assistants and chatbots powered by agentic AI provide personalized support by understanding user needs and responding proactively. You might remember back to our first AI in Business podcast where Gary Cooper discussed how bots could be revolutionised to actually be helpful, rather than their current frustratingly dumb state. 

 

https://aimegos.com/ai-in-business-podcast-001/

 

Well, that's a quick overview of what is happening in the world of AI and business this week. 

 

And that wraps up this episode of the AI in Business podcast. Subscribe to our podcast on your platform of choice and we'll jump into your feed in a week's time. 

 

Until then, take some risks because you never know what will pay off, and let us help you revolutionise your business with people-first AI. Until next week, bye...