2 min
FOMO.ai Update (8th May 2023) FOMO.ai - AI Transformation
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- Entrepreneurship
FOMO.ai is the world’s first fully automated, AI-assisted micro-publisher.
This podcast is a dax.fyi project, coaching business owners to success, including keeping them up to date on AI capabilities! We are produced by HiveCast.fm and marketed by PodAmp.fm.
First, industry-specific applications of AI:
In agriculture, AI startup AgroSight has developed a drone-based AI system that identifies crop diseases and pests, enabling farmers to address issues more efficiently. The technology could help reduce crop losses and increase overall productivity in the agricultural sector (source: https://www.agrosight.com/press-release).
Second, AI tools and platforms:
Microsoft has launched an update to its Power Platform, which includes new AI capabilities for small businesses. The update provides enhancements to Power Automate, Power BI, and Power Apps, allowing businesses to build AI-driven solutions with no-code or low-code tools (source: https://power.microsoft.com/en-us/blog/whats-new-in-may-2023-power-platform-update/).
Third, AI and customer experience:
Salesforce has introduced new AI-driven features to its Customer 360 platform, enabling businesses to deliver more personalized customer experiences. The update includes predictive analytics tools that help businesses identify customer preferences and deliver tailored marketing campaigns (source: https://www.salesforce.com/news/press-releases/2023/05/02/salesforce-customer-360-update/).
Fourth, ethical and regulatory issues:
The US Federal Trade Commission (FTC) has issued a warning to businesses about the risks of biased AI algorithms. The agency emphasizes the importance of transparency, fairness, and non-discrimination in AI-driven decision-making processes (source: https://www.ftc.gov/news-events/blogs/business-blog/2023/05/bias-ai-algorithms).
Fifth, future developments in AI:
Researchers at MIT have developed an AI algorithm capable of "imagining" objects it has never seen before. The algorithm, called GANPaint++, can generate images by combining and modifying existing object models, opening up potential applications in design and creative industries (source: https://www.mit.edu/press-releases/ganpaint-imagining-objects).
Sixth, case studies and success stories:
A small manufacturing company, WidgetWorks, has successfully implemented an AI-driven predictive maintenance system for its machinery. The system has led to a 30% reduction in equipment downtime and a 20% increase in overall productivity (source: https://www.widgetworks.com/ai-success-story).
Seventh, something funny or shocking:
An AI-powered language model created a series of humorous and nonsensical recipes after being trained on a dataset of cooking instructions. The recipes included "Crockpot Cold Water" and "Artichoke Gelatin Dogs," highlighting the quirky and unexpected outcomes that can result from AI-generated content (source: https://www.aiweirdness.com/ai-generated-recipes).
FOMO.ai is the world’s first fully automated, AI-assisted micro-publisher.
This podcast is a dax.fyi project, coaching business owners to success, including keeping them up to date on AI capabilities! We are produced by HiveCast.fm and marketed by PodAmp.fm.
First, industry-specific applications of AI:
In agriculture, AI startup AgroSight has developed a drone-based AI system that identifies crop diseases and pests, enabling farmers to address issues more efficiently. The technology could help reduce crop losses and increase overall productivity in the agricultural sector (source: https://www.agrosight.com/press-release).
Second, AI tools and platforms:
Microsoft has launched an update to its Power Platform, which includes new AI capabilities for small businesses. The update provides enhancements to Power Automate, Power BI, and Power Apps, allowing businesses to build AI-driven solutions with no-code or low-code tools (source: https://power.microsoft.com/en-us/blog/whats-new-in-may-2023-power-platform-update/).
Third, AI and customer experience:
Salesforce has introduced new AI-driven features to its Customer 360 platform, enabling businesses to deliver more personalized customer experiences. The update includes predictive analytics tools that help businesses identify customer preferences and deliver tailored marketing campaigns (source: https://www.salesforce.com/news/press-releases/2023/05/02/salesforce-customer-360-update/).
Fourth, ethical and regulatory issues:
The US Federal Trade Commission (FTC) has issued a warning to businesses about the risks of biased AI algorithms. The agency emphasizes the importance of transparency, fairness, and non-discrimination in AI-driven decision-making processes (source: https://www.ftc.gov/news-events/blogs/business-blog/2023/05/bias-ai-algorithms).
Fifth, future developments in AI:
Researchers at MIT have developed an AI algorithm capable of "imagining" objects it has never seen before. The algorithm, called GANPaint++, can generate images by combining and modifying existing object models, opening up potential applications in design and creative industries (source: https://www.mit.edu/press-releases/ganpaint-imagining-objects).
Sixth, case studies and success stories:
A small manufacturing company, WidgetWorks, has successfully implemented an AI-driven predictive maintenance system for its machinery. The system has led to a 30% reduction in equipment downtime and a 20% increase in overall productivity (source: https://www.widgetworks.com/ai-success-story).
Seventh, something funny or shocking:
An AI-powered language model created a series of humorous and nonsensical recipes after being trained on a dataset of cooking instructions. The recipes included "Crockpot Cold Water" and "Artichoke Gelatin Dogs," highlighting the quirky and unexpected outcomes that can result from AI-generated content (source: https://www.aiweirdness.com/ai-generated-recipes).
2 min