Headline, May 14 2022/ ''' '' INNOVATIONS -STUDENTS- INTERSTELLAR '' '''

''' '' INNOVATIONS -STUDENTS-

 INTERSTELLAR '' '''

ARTIFICIAL INTELLIGENCE SOFTWARE MAY EVENTUALLY eat the world, one venture capitalist predicted, but so far it has only nibbled at the edges. And most companies will surely choose more sales over fewer salesmen.

What's more, as coders, salesmen and other white-collar types become more productive, there is little evidence yet that companies will want fewer of them, argues Michael Chui of McKinsey a consultancy.

EACH EARNINGS SEASON COMES WITH NEW BUZZWORDS. As companies ready their scripts for the most recent quarter, one phrase in particular is sure to end up on many bosses' lips - generative artificial intelligence [AI].

Ever since ChatGPT, an artificially intelligent conversationalist, began dazzling the world, bosses have been salivating over the potential for generative AI to turbocharge productivity.

Zurich, an insurer, is now using customised version of ChatGPT to simplify lengthy claims documents. Mattel, a toymaker, is designing new playthings using DALL-E, another tool that conjures images based on text prompts.

Absci, a biotech company, is using the new wonder to assist with the development of therapeutic antibodies. Plenty of other firms are dipping their toes in this unfamiliar water.

The toolmakers of the knowledge economy have more fully embraced the innovation frenzy. Microsoft has announced a string of product updates that allow desk jockeys to offloads tasks from drafting emails and summarising documents to writing computer code.

'' Like working in dog years'', is how Eric Boyd, head of AI for the tech giant's cloud computing division, describes the company's hectic release schedule.

Google, a rival, is likewise souping up its suite of tools, as are Adobe. Salesforce and Bloomberg, makers of software for creative types, salesmen and financial whizzes, respectively. Startups like Harvey, a ChatGPT like legal assistant, and Jasper, a writing aid, are emerging thick and fast.

Despite all the experimentation, companies remain uncertain about how to make use of an AI's newfound powers. Most, according to Mr. Boyd, either underestimated or overestimated the technology's capabilities.

Efforts are being made to determine which jobs are the strongest candidates for reinvention. A study published last month by OpenAI, the outfit behind ChatGPT and DALL-E looked at the share of tasks within an occupation that could be speeded up by at least half using the new technology.

Topping the list were occupations involving copious amounts of routine writing, number crunching or computer programming - think paralegals, financial analysts and web designers.

It is unlikely that firms will soon dispense with such jobs entirely. Generative AI may do a good job of producing first draft but relies on humans to give instructions and appraise results.

Microsoft, tellingly, has labelled its new suite of tools ''co-pilots''. In ''Impromptu'', a recent book by Reid Hoffman, co-founder of Linked-In, a social network for professionals, the author counsels users to treat ChatGPT and others ''like an undergraduate research assistant''.

{ The book was written with the assistance of a bot.}

The Honour and Serving of the Latest Global Operational Research on AI and Future, continues. The World Students Society thanks, Schumpeter / The Economist.

With most respectful dedication to generative AI, the Global Founder Framers of !WOW!, and then Students, Professors and Teachers of the world.

See Ya all prepare for Great Global Elections on !WOW! - the  exclusive ownership of every student in the world : wssciw.blogspot.com and Twitter !E-WOW! - The Ecosystem 2011 :

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless