Expectations vs Reality: Understanding AI Tools
“I asked ChatGPT to analyse my company’s financial data and it couldn’t even open my Excel file properly!” Sound familiar? This frustration represents the classic gap between what people expect AI to do and what it’s actually designed for. Just as you wouldn’t use a hammer to tighten a screw, different AI tools have specific […]
Can AI meet our expectations for accuracy, and what happens when it falls short?
TL;DR Big Tech Moderates AI Expectations: Leaders like OpenAI’s CEO Sam Altman suggest that AI’s current capabilities are less transformative than initially anticipated, warning of moderate impacts on short-term growth. Risks with AI in Critical Sectors: The WHO’s AI chatbot SARAH, delivering unreliable health information, demonstrates the perils of premature AI deployment in essential services. […]
Early June AI News: Innovations, Investments, and AI Ethics
TL;DR The AI sector is witnessing rapid advancements and intense competition. Major players, like the new Chinese models Yi and Qwenl, are vying for supremacy in LMSYS Chatbot Arena, an impartial AI performance evaluator through “AI battles”. GPT-4o leads while start-ups and tech giants pump billions into AI research and development to maintain an edge. […]
Addressing AI Challenges: Accuracy, Hallucinations, and Data Leaks
TL;DR AI offers transformative potential for small businesses, but hurdles like hallucinations, data leakage, and accuracy persist. ‘Human-in-the-Loop’ (HITL) is critical for validating AI outputs amidst these challenges. Solutions are emerging such as Google’s ‘Search with Accuracy Feedback’ (SAFE), which cross-verifies AI-made claims, and Microsoft’s Azure AI Studio, which screens for hallucinations. Highlighting ethical […]
Is Veed.io the Best AI Tool for Small Business Video Production?
At Intelligence Assist, our mission is to help small businesses unlock the power of AI by matching their needs with the right tools. When it comes to video production, we’ve tried many different AI video editors, but Veed.io has emerged as our top choice. In this post, I’ll review Veed’s key AI and non-AI features and […]
Mid-May AI Essential News: Announcements from OpenAI and Google
TL;DR Last week was a thrilling showdown between OpenAI and Google, each unveiling their latest multimodal AI advancements to the public. The highlight was OpenAI’s GPT-4o—an unscripted, live demo that captured attention for its transparency and real-world application, contrasting with Google’s Gemini 1.5 Pro presentation, which, despite its polish, was largely limited to developer previews. […]
Early April’s AI Essential News
TL;DR OpenAI has rolled out Sora, a new text-to-video generator, currently exclusive to filmmakers and selected testers, pushing the boundaries of content creation. Elon Musk’s startup, X.ai, introduces Grok-1.5, a generative AI model excelling in math and coding tasks, hinting at future applications in enhancing small business operations. Amazon significantly increases its investment in AI startup Anthropic to […]
