The recent Generative AI and Emerging Technology Forum hosted by the Thomson Reuters Institute brought together leading minds in the field to discuss the transformative potential of generative AI. Josh Masia, Co-founder & CEO of DealBridge.ai, was a featured speaker on a panel that delved deep into this innovative technology. We explore the key topics covered during the panel and share my insights on these important matters. This will serve as a summary of the conversation, with a more in-depth exploration of these topics to be released in the near future.
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What is Generative AI?

From the early days of Human Machine Interface (HMI) to the present, where AI algorithms are not only moderating content but also creating it. We have moved beyond simple spell and grammar checks and are now witnessing AI's ability to generate human-like or arguably human content.

Generative AI is So New, We Can't Expect Too Much From It Quite Yet

Generative AI is far from its infancy. DealBridge.ai has built an entire company and platform around this technology, with customers who not only use it but are also highly impressed by its capabilities. The technology is here to stay and will continue to evolve, offering new possibilities.

There's Nothing New Here, Generative AI is Just Another in a Line of AI Hype

Generative AI is not mere hype; it's a profound development that is revolutionizing technology and business in the next few decades. As predicted by Google's CEO, Sundar Pichai, AI will be more transformative than fire. Consumers and businesses have already found many applications of the technology today.

Generative AI is Going to Take Jobs - Whether It's My Job or Somebody Else's

While there are legitimate concerns about job displacement, it's important to understand that this will be a controlled transition. The advent of generative AI will create more interesting opportunities as it handles mundane tasks, allowing humans to focus on higher-level tasks. The technology itself is not the root of societal disparities; we must address deeper ethical and societal questions.

To Get the Most Out of Generative AI, You Should Be Hiring or Training a Prompt Engineer

Contrary to the belief that prompt engineering is complex, it's quite the opposite. It can be compared to describing a problem as if you were explaining it to a child. Prompt engineering is nothing more then being able to type or speak to a system. DealBridge.ai is making it a freeform tool.

There Are Technical Limitations That Place a Ceiling on What Generative AI Can Achieve Today

Acknowledging some limitations, it's important to note the remarkable progress made. DealBridge.ai can swiftly process large documents, focus on specific topics, and address hallucinations and security concerns. The use of modern cloud infrastructure is a significant factor enabling the realization of Generative AI.

Generative AI is Worth Taking a Look at in the Future, but the Economics of It Don't Line Up Right Now

Generative AI is no longer a cost-prohibitive technology. It has become a commodity, and the infrastructure costs are decreasing, making it cost-effective for various applications.

One Key Takeaway for All Attendees

Start embracing generative AI today! Gain experience and partner with leading companies like DealBridge.ai to unlock the transformative power of generative AI. This isn't just about data democratization; it's about leveraging your data to gain a competitive edge in your industry.