The AI Insider - AI for Business News & Strategy
Stay ahead with AI for business news and read our new whitepaper on how to implement AI in your organisation. Listen to episode #45 of 'The AI-assisted Organisation' podcast.
AI for Business News
Some of the AI for business news stories from episode #45 of our podcast.
Meta's Mobile LLM: AI in Your Pocket: Meta has developed a compact large language model designed to run on mobile devices. This innovation focuses on delivering powerful AI capabilities with lower latency and power consumption, enabling real-time voice translation and other advanced features on smartphones, glasses, and other mobile devices. This development signals a shift towards more intelligent and AI-integrated personal devices, which will revolutionise how we interact with technology in our daily lives - from your phone to your fridge.
Intuit's AI-Driven Workforce Reallocation: Intuit, the company behind QuickBooks and TurboTax, is laying off 1,800 employees (10% of its workforce) to refocus on AI-driven innovation. Rather than purely cutting costs, Intuit plans to rehire a similar number of people to drive customer-focused growth and expand AI-powered financial assistance. This strategic move highlights the growing trend of companies reallocating resources to leverage AI capabilities, aiming to stay ahead in an increasingly competitive market.
EU AI Act Nears Law: The landmark EU AI Act is close to becoming law, with its publication in the official journal starting the countdown to implementation. This act will regulate AI based on risk levels, impacting businesses selling into or buying services from the EU. Companies have 9-24 months to align their AI development with EU standards, depending on the complexity of their systems. This regulatory framework is likely to contribute to the shape of UK regulations.
Anthropic's New Prompt Engineering Tool: Anthropic has introduced a new feature in their developer console that allows users to generate tests and evaluate prompts for their Claude 3.5 Sonnet model. This tool aims to improve the efficiency and accuracy of AI interactions by helping users craft better prompts. As prompt engineering becomes increasingly crucial for effective AI utilisation, such tools could significantly enhance productivity and output quality for businesses.
OpenAI's Five-Level AI Development System: Similar to the framework that compares AI development to autonomous cars as they evolve from manual to self-driving, OpenAI has introduced a five-level system to understand various stages of AI development. This framework ranges from basic automation to advanced agency. This framework is designed to help businesses and developers conceptualise the progression of AI capabilities and plan for future advancements. Understanding these stages can your strategic decisions and investments in AI technologies.
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Live Workshop - 25th July at 12pm (UK)
At Implement AI we know that there is a lot of noise about AI and that you have many questions on the where, what and how to implement AI.
Join Piers Linney and Aalok Yashwant Shukla for this workshop where they will go into detail, based on their latest whitepaper, on the specific areas of opportunity and how to leverage the power of Intelligent AI Automation in your organisation.
Until next week. Don't forget that AI today is the worst that it will ever be.
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