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What iAI is changing in business is truly revolutionary, and it's accelerating. Most everything we knew in the industrial and service sectors will be completely foreign to us within a couple years. Predictably, government and education will lag well behind in embracing it. I think the greatest resistance from the masses will be against its infusion into healthcare, where AI can probably do the most good. I can also envision myriad ways that AI could dramatically improve policing, but activists will be furious at any such proposals.
My work has locked us down and uses a pretty generic version of Chat GPT. I don’t like composing emails with it because it comes across very fake.
I may use it more in the future but for now, very little.
I have used for both work and home and it is unreal.
Want to do a Monte Carlo analysis for retirement planning? done in minutes (no need to wait for a financial advisor). I used this as a test case and was amazed.
In the past few weeks i have:
- Explored LLC formation NJ or Ind
- Looked for healthcare coverage options based on my income and time to retirement
- Looked for best cash back credit card options
Just to name a few and the speed and depth of information is pretty amazing. I have two kids in consulting roles and they are sure that this will create speed and efficiency similar to Excel vs Calculator (game changer)
Work issues are much more detailed and require better prompts but the output is incredible.
I recognize AI’s speed and efficiency, but there is a benefit in slugging through the process on our own.
The process, the journey, helps us think through the issue.
Sure, I can feed witness statements into AI to synthesize what they said, but watching or reading the statements is how I will get to know the witness. AI can’t try a case to a jury. I need the process of preparation to be game ready.
We ought not be in a hurry in processing information or thinking through an issue.
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I really don't think it is valid, and I've spent a lot of time thinking about it. While you're doing things the old fashioned way, you are getting passed by less capable lawyers that simply were more willing to embrace technology than you. It's a performance enhancer, that's the way to look at it.
Given your optimistic adoption, and depending on potential additional value you could extract, AI Agents are the future.
Generally, some engagements (for example, Pricing) can be made way more efficient with AI but still needs some structured engagement.
Back office (financial work) is going to get replaced fast.
We historically would build bespoke financial and market models - that is about to be over
Market research - it's going the way of travel agents. The AI Agents can conduct interviews, consolidate data, pull themes... and you have a question from 500 interviews.. Agent will pull it is seconds (no need to recall/ filter/ search...)
And again, I am not using nearly to the degree that my kids are - too much gray hair.
Go Irish
Beyond the LLMs, there is a whole bunch of emerging potential value going on right now. And in the work you describe, the ability to summarize is huge. Google's NotebookLM, where you define the sources might be something you would find value in.
I use it a tad with legal research, but only as check to make sure I haven’t missed a key case.
In fairness, I am not anti AI. For certain professions (e.g. medical), there are huge advantages.
But, I don’t need AI to write a brief, or plan my vacation.
I just hope it won’t eventually deny us access to our financial accounts by hijacking our passwords.
Check out this link, for example. AI is at least a tool that can make your work life easier, way better than search engines.
Link: https://www.opencase.com/
I don't use nearly as much as peers and it can make "dumb people look smart"
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