October 6, 2023
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Healthcare
Why AI Is Medicine’s Biggest Moment Since Antibiotics
The Wall Street Journal, 10/06/23. Dr. Lloyd Minor of Stanford University recognizes the transformative potential of AI in medicine. After experimenting with AI chatbots, he believes they can revolutionize healthcare delivery, biomedical research, and physician training. However, challenges like privacy concerns and data biases persist. Minor’s collaboration with Fei-Fei Li led to the Raise-Health initiative, addressing AI’s ethical applications. While public skepticism exists, Minor remains optimistic about AI’s positive impact on future medicine. READ THE ARTICLE
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SMBs
SMBs Are Set To Tackle Challenges With The Help Of AI-Driven Innovations
Forbes, 10/06/23. The current economic challenges, exacerbated by inflation, are pressing small businesses to seek operational efficiencies. AI emerges as a solution, offering automation and strategic insights. Though its adoption remains debated, awareness is rising. Kelly Vincent of Intuit emphasizes AI’s potential in streamlining tasks and driving growth but underscores the importance of accurate data for its effectiveness. For small businesses, leveraging AI with the right tools and approach can be transformative. READ THE ARTICLE
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Enterprise
AI Nightmares: 5 Risks that Keep Business Leaders Up at Night and What You Can Do About It
Fisher & Phillips, 10/06/23. Business leaders today face new risks and challenges brought about by the adoption of artificial intelligence (AI) technology. These risks include the potential for disruption to business models and workforce strategies, privacy and cybersecurity issues, reputational risks, legal risks, and operational challenges. To stay ahead of the curve, business leaders must ensure their workforce is prepared for the AI revolution, create safeguards to protect data privacy and cybersecurity, understand the implications and limitations of AI, comply with evolving laws and regulations, and evaluate how AI can be integrated into operations. Flexibility, learning, and adaptability are essential in navigating the AI landscape. READ THE ARTICLE
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Perception
Placebo effect shapes how we see AI
Axios, 10/06/23. Human perceptions of AI are significantly influenced by prior expectations. Recent studies indicate a pronounced “AI placebo effect,” where users’ interactions vary based on what they’re primed to believe. For instance, an AI chatbot perceived as caring elicits more trust than one presented as manipulative. The portrayal of AI, from pop culture to branding, plays a crucial role in shaping these perceptions. Ensuring users maintain critical judgment towards AI, rather than blind trust, is imperative. READ THE ARTICLE
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Jobs
Bad news for ‘lazy girl’ employees: A boss who axed 90% of his staff and replaced them with AI says ‘copy and paste’ jobs are done
Fortune, 10/06/23. The rise of AI technology may eliminate “lazy girl” jobs, according to CEO Suumit Shah. Gen Z’s rejection of hustle culture has led to an interest in low-stress, remote roles with minimal tasks. However, Shah argues that AI can perform these tasks more efficiently and at a lower cost. While his decision to replace his customer support team with chatbots received backlash, Shah believes it reflects the future of work. Other CEOs, such as IBM’s Arvind Krishna, are also considering reducing their workforce through AI adoption. READ THE ARTICLE