5 Generative AI Top Tips For CFOs
Generative AI is poised to skyrocket productivity.
Making Your AI Work
September 13, 2023
Midjourney Prompt: CFO incorporating Generative AI in Business
“AI is the most powerful technology that humanity has ever created. It has the potential to solve some of the world's biggest problems, but it also has the potential to be misused. We need to be very careful about how we develop and use AI.”
- Demis Hassabis, CEO of DeepMind
Your Action-Packed Menu of AI News for The Week:
✓ (Top Story) Generative AI Top Tips for CFOs
✓ Ramp Up Your Canva Game With ChatGPT
✓ AI Tidbits: 3 Fast Facts
✓ (Research Paper) Using AI/ML & Social Media to Improve Telehealth
✓ AI Wonder of the Week
Midjourney Prompt: Generative AI Potential in the C-Suite Boardroom
(Top Story) 5 Generative AI Tips for CFOs
Generative AI is poised to skyrocket productivity.
With industry titans like Zoom and Ford already leading the charge, we’re seeing abundant growth in the amount of AI use cases. With it, they can forecast analyst questions, research competitors, and even automate internal queries.
But it's not all rainbows and sunshine. CFOs are still in the "experimental phase," and yes, there are concerns around data security and reliability.
The five golden nuggets of advice for CFOs
Adapt or die. If you snooze, you lose to your competitors.
Don't just buy the software; have a vision for AI integration in as many verticals across the business.
Build your AI with guardrails to mitigate financial risks and scrutinise AI-generated recommendations.
A company's AI journey is as good as the team it builds; focus on people who can adapt and ask the right questions.
Never underestimate the ROI. Generative AI can potentially slash SG&A costs by 40% in the next 5-7 years.
Read the full article here > Link
Ramp Up Your Canva Game With ChatGPT
OpenAI has enhanced its competitive stance in AI by integrating its ChatGPT chatbot with Canva.
Becoming another AI gamechanger in the expanding social marketing sector.
This plugin simplifies the creation of visuals like logos, carousels and banners. Previously, merging Canva with ChatGPT required tedious manual efforts, but now users can design visuals seamlessly.
Read the full article here > Link
3 AI Bytes
THIS is how South Africans are using AI and ChatGPT
VentureBeat explores how businesses can get greener with their generative AI
If you’ve ever wanted a domain with .ai, then think again! The .ai race is on!
Research Paper
AI and ML are revolutionising the way health organisations harness the power of social media for telehealth and remote patient monitoring.
The paper, titled ‘Using AI–ML to Augment the Capabilities of Social Media for Telehealth and Remote Patient Monitoring’ highlights three trends:
Enhancing social media marketing via sentiment analysis to improve brand visibility.
Using AI-integrated social media as a data collection tool while ensuring stringent privacy measures.
Employing AI tools, such as chatbots, to foster stronger stakeholder relationships.
Get The Paper here > Link
AI Tools
Paradox helps you with recruiting and HR by automating tasks in the hiring process like screening candidates, scheduling interviews, and even onboarding.
Fliki converts text into audio files and video. Which helps simplify the creative process in producing videos, podcasts, and audiobooks.
Fireflies is an AI meeting assistant software for note-taking and transcribing voices in real-time.
AI Wonder of the Week
A song created by AI, emulating the styles of Drake and The Weeknd, has been put forward for Grammy nominations. This deepfake song is vying for both Best Rap Song and Song of the Year titles. The Recording Academy has clarified that its human-composed elements qualify it for consideration.
Thanks so much for reading!
Until next time,