Last Week at Rotary - April 11, 2024

Using AI in business situations

Andy Bass from NetNerd Ventures talked about the history and current state of Artificial Intelligence (AI). His company does consulting and software development. He is currently working on 2 AI projects. He is doing data analysis with AI and 3D graphical room layout software.
 
The term AI was originally coined at a Dartmouth conference in 1956. The initial goals defined at the conference were to develop software to help in problem-solving, learning, and natural language processing.
 
The current large language model of AI can tackle problems with huge time savings. Some of the areas that benefit from modern AI are:
  • Create content
  • Summarize documents
  • Audio narration
  • Language Translation
  • Strategic planning
  • Software development
  • Data generation
There are many specialized AI tools. Andy demonstrated ElevenLabs.io which can be trained to mimic an individual's speech, Midjourney.com which can generate pictures from a textual description, and suno.com which generates music given directions.