AI is evolving faster than we can keep up. So, how has the landscape changed since our last discussion with Henry Hays a year ago?
Welcome to Episode 43 of The 3 Wins Podcast, brought to you by Legacy Advisory Partners.
I’m Russ Clemmer, the CEO at Legacy and host of The 3 Wins.
I sat down with Henry Hays, the cofounder of DisruptREADY, to discuss the latest advancements in Artificial Intelligence (AI) and large language models (LLMs). Henry provides valuable insights into how businesses can leverage AI to gain a competitive advantage, increase efficiency, and drive innovation.
As AI capabilities improve at breakneck speed, how can you ensure your business stays ahead of the curve and doesn't get left behind?
Henry breaks it down for us on today’s episode of The 3 Wins Podcast!
Key Takeaways:
Henry stresses the urgency for businesses to adopt AI and get their "skinned knee" experience. Those who fail to embrace this technology risk falling behind their competitors, who are leveraging AI to serve customers more effectively and efficiently.
LLMs, or Large Language Models, are at the forefront of AI development. These models, like ChatGPT, Gemini, and others, are trained on trillions of data points and can provide highly accurate and contextual responses.
One innovative use case for LLMs is "Market Knowledge Transfer" (MKT), where companies can capture and preserve the institutional knowledge of retiring employees or subject matter experts by training LLMs on their documents, presentations, and recorded conversations.
Henry addresses the potential concerns around AI from a faith-based perspective, asserting that AI is a powerful technology given by God, and it's incumbent upon people of faith to understand and use it responsibly, rather than shying away from it.
To help businesses grasp AI's potential, DisruptREADY offers "Lunch and Learn" sessions and assists companies in developing a "House Thesis" on AI, positioning them as thought leaders in their respective industries.
Other Notable Points:
Henry cites examples of companies using LLMs to automate mundane tasks, freeing up employees for more creative and revenue-generating work.
He emphasizes the importance of starting with the end goal in mind when implementing AI solutions, tailoring them to specific business needs and data sources.
Henry encourages business owners and entrepreneurs to explore AI as a valuable addition to their service offerings, creating new avenues for providing value to clients and employees.
The bottom line: This episode provides an overview of the current AI landscape, practical use cases, and the importance of embracing this disruptive technology for businesses to remain competitive and innovative.
Additional Resources:
Check out our new book, Collaboration Effect on Profit: Overcoming Founder’s Syndrome to Achieve Sustainable Success, here: https://www.amazon.com/dp/B0CZ89TN8P
Download our FREE whitepaper, “The 3 Wins: How to Unleash the Collaboration Effect on Profit in Your Company,” here: https://www.legacyadvisorypartners.com/signup-for-free-book-download.html#gref
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🎙️E43: Henry Hays on the Latest Developments in AI