The article discusses the challenges that leaders face in managing knowledge within organizations and how generative AI can revolutionize knowledge management. Many companies have a wealth of knowledge but struggle to make it accessible to employees. Generative AI tools have the potential to solve this problem by creating, storing, and distributing knowledge effectively. For example, AI can generate content for organizational use by combining existing information, extract knowledge from large datasets, and facilitate communication between workers and knowledge systems. However, AI alone is not … read more >
ChatGPT, a chatbot developed by OpenAI, has made significant advancements in its first year since its launch. It has been utilized in various industries, such as education, entertainment, and software, and has proven to be a valuable tool for PPC marketers. Early uses for ChatGPT in the PPC industry include generating keyword ideas, ad group classification, composing ad headlines, and providing landing page optimization suggestions. The introduction of GPT-4 brought improvements in writing quality and mathematical abilities, making it useful for tasks like email campaigns and blog posts. … read more >
“Now, a few of the highest skilled weavers and clothmakers were just fine — there was still a market for the finest artisanal goods, and machine-made stuff couldn’t touch any of that. I expect this is a similar dynamic we’ll see play out with AI and a lot of jobs involving things like writing, coding, illustration, and graphic design.” —What History Says About AI’s Threat to Jobs and White-Collar Work
““It’s optimizing past the point of diminishing returns.” Obviously, stop before you hit the point of diminishing returns. The problem is people stop way before reaching the point of diminishing returns but claim they’ve hit diminishing returns.” —Are your standards too low? In defense of raising the bar
“Another reason why high standards matters: As a leader, you can’t see everything every person does every day. Managers, by definition, have less visibility into what each direct report is working on than the direct report does. You need your team to hold themselves to a high standard in the moments when no one is looking” —Are your standards too low? In defense of raising the bar
The article discusses the impact of AI on the job market and the need for businesses to adapt their business models. It highlights the importance of CEOs focusing on top-line growth and creating new revenue streams rather than solely reducing headcount. The article also raises concerns about data ownership and monetization in AI systems. It mentions the potential of multimodal AI systems and provides an example of using AI chat tools to analyze a panel discussion. Overall, the article emphasizes the need for thoughtful consideration and strategic decision-making regarding AI. read more >
This article by Wes focuses on the importance of raising standards in order to improve your team’s chances of success. Wes shares his experience of setting a high bar for quality and the benefits it brings. He explains that teams who refuse to settle and constantly strive for excellence are the ones who achieve innovation and success. On the other hand, teams with low standards make excuses and produce mediocre work, missing out on opportunities for growth. Wes argues that as a leader, setting high standards is crucial as it sets the tone for what is acceptable and celebrated within the … read more >
The article examines concerns around AI’s impact on jobs and wages based on research from European Central Bank. It states that while alarms of mass technological unemployment are overblown, the threat of depressed wages due to automation replacing routine tasks is real. Unexpectedly, groups most at risk are white-collar professionals like lawyers, engineers rather than lower-skilled workers.
A contrarian insight from the research is that AI can also provide productivity and efficiency gains that may compensate for lost incomes. Additionally, new specialized jobs may arise from …
