Bridging the Gap: Personalizing AI

In the rapidly evolving landscape of artificial intelligence, this year’s advancements mark a significant shift towards a more personal and accessible AI experience for everyday individuals. Unlike the technological strides of the past two decades, contemporary AI has seamlessly integrated into the fabric of our daily lives. It is already empowering people to accomplish mundane tasks with unprecedented ease and efficiency.

Recent advancements in AI have rapidly ushered in a new era where personalization is not just a buzzword but a tangible reality. From smart home devices that anticipate our needs to virtual assistants that understand and respond to natural language, AI has become an indispensable companion in many of our daily routines. The advent of highly intuitive and user-friendly interfaces has bridged the gap between complex algorithms developed by computer whizzes and the average person looking to make their life easier. AI has become more approachable and more user-centric than we could have thought it would even just months ago.

We heard examples of how AI is becoming more personal countless times throughout the most recent earnings season. Uber is developing a way for airline passengers to input only their flight number before they depart to have a rideshare ready by the time they’re at baggage claim. Moderna is sequencing cancer-fighting medicines patient by patient to improve health outcomes. And media companies talked about how AI’s role in content creation was a key hurdle during the SAG/AFTRA strike negotiations. Data from FactSet, pictured below, show that the number of companies mentioning AI hit a recent high again. It all goes to show that companies who are looking for ways to provide more value are increasingly turning to AI.

https://insight.factset.com/highest-number-of-sp-500-companies-citing-ai-on-q2-earnings-calls-in-over-10-years

Some key debates on AI’s progress remain, however. There have always been worries that more bad than good will come from technology’s progress, and this remains true today. The members of SAG/AFTRA raised concerns that AI can publish drama, comedy, and suspense, among other genres, that ultimately threaten their job. Alphabet’s YouTube has had to increase scrutiny of potentially AI generated content that falsely resembles an individual’s face or voice without consent. And the recent shakeups at OpenAI remind us that some of the most advanced researchers in this industry lack consensus about how this technology can or should be used. As with the internet and mobile phone before it, AI is coming with its fair share of growing pains.

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But we remain excited for the future. The current wave of AI advancements signifies a noteworthy transition towards a more personalized and accessible AI experience for individuals in their daily lives. AI has seamlessly integrated into daily routines, streamlining mundane tasks with unprecedented efficiency. The era of personalization is not merely a buzzword but a reality. And some of the world’s largest companies are working to improve upon it daily. The advent of intuitive interfaces has narrowed the gap between complex algorithms and the average person, making AI more approachable. It has helped each of us think about what more technology can do for us.

 

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