This year at the PTTOW! 2023 Summit, we welcomed AI expert Shelly Palmer onto the main stage as he addressed the burning question on everyone's mind: should we be fearful of AI?
Here are some key takeaways from Shelly Palmer's enlightening talk at the PTTOW! Summit: embrace AI without fear, and learn to leverage its potential to fuel your success in this dynamic world.
How is generative AI revolutionary for personal productivity?
Productivity serves as a key driver of economic success, and it's no easy feat to achieve. In the business world, two primary ways to make money are either by charging higher prices for products or services, limited by market constraints, or by optimizing expenses to increase profit margins. Within this context, the revolutionary potential of generative AI emerges as a game-changer for enhancing personal productivity.
The technology's power is set to grow even further with time, holding the capability to significantly elevate knowledge workers' performance across diverse organizations. In a mere 45-minute training session, generative AI can make a knowledge worker 5 to 25% more productive, and for some, even an astonishing 50 or 100% more productive. Consider the impact of such enhanced efficiency on every knowledge worker, attainable through these short training sessions in generative AI. With the United States boasting a heterogeneous population of 200 million, the resulting effects on the country's GDP would be substantial.
However, the implications don't stop there. This surge in productivity would ripple through inflation rates, corporate profits, and overall organizational dynamics. Quantifying the full scope of a 5 to 25% increase in personal productivity is a complex task, given the diverse roles and responsibilities of knowledge workers across various sectors.
Presently, the world stands on the brink of a transformative era, where integrating generative AI into workflows promises unparalleled strides in personal productivity. Embracing this revolutionary technology is no longer a mere choice but an imperative in today's fiercely competitive landscape. As businesses and professionals seek innovative ways to thrive, generative AI offers the key to unlock unprecedented levels of productivity across all knowledge workers and organizations. To be at the forefront of this exciting revolution is a position of utmost significance.
Will AI take my job and how do I leverage my AI coworker?
Contrary to the prevailing fear, A.I. itself does not directly replace jobs. Think about an X and Y axis, with high stakes at the top and low stakes at the bottom. On the left is high fluency, and on the right is high accuracy. For tasks with low stakes and a focus on fluency, such as writing a poem for a friend's birthday, utilizing ChatGPT proves to be a perfect fit.
ChatGPT can be employed for creative tasks as you can easily correct its responses making it suitable for low-stakes scenarios. However, for high-stakes tasks, such as making significant business investments, where accuracy is crucial, ChatGPT may not be the most suitable toolset. Understanding how this tool can enhance productivity within one's workflow and knowing when to leverage it effectively are key aspects to consider in professional pursuits.
How fast is A.I. evolving?
On November 30th, 2022, ChatGPT was made available to the public. Within just four days, it amassed one million users. As of now, it boasts a staggering user base of around 200 million, making it the fastest-growing adaptive technology in history.
The exponential growth of AI capabilities was evident when I installed a complete large language model for free on my gaming PC. Remarkably, only six weeks later, I managed to run a large language model offline that would have taken an estimate of seven years.
How do I learn more about A.I.?
Check out Shelly's website or the PTTOW! Resources - Your Guide to A.I.
