The video discusses the potential of AI to empower businesses of all sizes.
While many large tech companies have been able to invest in AI and generate significant revenue from it, smaller businesses have not been able to do the same due to the cost of building AI systems. However, AI can work on modest amounts of data and could be used by small businesses to improve sales, demand forecasting, product placements, supply chain, and quality control.
The long-tail problem of AI refers to the fact that there is no one-size-fits-all AI system, and each project needs to be custom-built. Nevertheless, if smaller businesses could access AI, it could provide significant benefits to them.
Keywords
Tomas Chamorro-Premuzic argues that men often ascend to leadership positions due to overconfidence and self-deception about their abilities, rather than actual competence. Their unawareness...
Kiki Ayers challenges the audience to understand the true meaning of entrepreneurship, highlighting the disparity between perception and reality in being an entrepreneur. She...
We believe we should work hard in order to be happy, but could we be thinking about things backwards? In this fast-moving and very...