What’s All The Fuss About AI And ChatGPT?

April 21, 2023

ChatGPT is a chatbot that uses artificial intelligence, allowing you to talk to it in a very human way. It’s been making the news around the world for some of the remarkable possibilities it seems to be creating. But what exactly is it, and why is it making such waves?

ChatGPT is trained on real human language. It can answer questions, and even compose documents, like emails, essays and computer code. The exciting thing is the way it allows you to have a natural-feeling conversation with it to generate different responses – perhaps adding more detail, or asking it to use less technical language.

It was created by research company OpenAI, which is funded and managed by some of the most influential names in tech. And while it’s still in its research and feedback-collection phase, it’s currently free to use (with limitations).

It’s different to a search engine because it’s designed with conversation in mind. While it can answer questions, it doesn’t search the internet for information. Everything is learned from training data (it has no knowledge past 2021). So, while many people have started using ChatGPT to write essays and articles, the facts may not be accurate. In fact, tech media website CNET recently had to issue multiple major corrections after it created 78 articles using the chatbot.

Because it’s trained on huge amounts of text published online by humans, it’s had trouble telling fact from fiction, and has also been found to reproduce some unwanted biases – for instance against women and people of color.

It’s not changing the world just yet. But it’s already clear that there is huge potential for both individuals and businesses alike.

Have you tried ChatGPT yet? What are your feelings about using AI in your business? We’d love to hear your thoughts. (P.S. A human wrote this article!)

Filed Under: AI Tagged With: ,

AI Will Affect Every Business In The Years Ahead

January 29, 2021

Artificial intelligence (AI) makes it possible for machines to learn and adapt their behavior as they gain experience.

The code that powers AI gets smarter and smarter as it’s exposed to more data and scenarios.

As computers have developed more processing power, AI has become useful in lots of different ways. We believe every business will be using some form of AI in the years ahead.

AI is already being applied in many different industries to carry out a range of specific tasks with more and more use cases expected to emerge over the coming years as the technology gets more sophisticated.

AI is embraced by businesses because it can make their products and processes much smarter.

It can also save lots of time and remove the need for employees to do repetitive, manual tasks.

Using AI can optimize existing business processes and result in a significant boost in how your business performs.

A key feature of many AI applications is the ability to process huge amounts of data very quickly. This can give you real-time insights into opportunities and challenges as they occur.
Plus, the information can help you plan more quickly and with more clarity. So, this is all well and good for big businesses… but how will you use AI in YOUR business?

The chances are that you’re already using some form of AI in your business. It’s increasingly built into the software that we all rely on every day.

But are you taking full advantage of what’s available? As a business, we track the latest applications that use AI to help protect us from cybercrime and help staff collaborate and communicate better, to get their jobs done faster.

Let’s talk about the latest smart applications that can help you.

While many types of businesses are using AI to improve a wide range of processes in a variety of different settings, banking, retail, and healthcare offer good examples of how AI can be used.

Many online retailers use AI to offer personalized shopping recommendations. These recommendation algorithms analyze data on previous clicks and purchases.

The more recommendations are tailored to your personal tastes… the more you end up buying.

With a huge number of transactions flowing through the global financial system each day, banks are increasingly relying on machine learning and AI to automatically detect fraud.

Working in real-time, AI helps banks to block dodgy transactions before they happen.

This is key as stolen money can be difficult to track down and get back once it’s left the victim’s account.

Artificial intelligence is also transforming healthcare.

By giving medical professionals accurate data and insights, they can work faster while providing high-quality care to more patients. It also helps doctors make better treatment decisions and diagnose patients with increased speed and accuracy.

AI can help to encourage healthy living by coaching people on actions they can take to improve their health. For example, a smartwatch may learn an individual’s behaviour patterns, and send well-timed notifications to start exercising if it notices they’ve been sitting still for too long.

Filed Under: Innovation Tagged With: