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Mike gives insight on how the utilisation of AI is enhancing different fields in the future. Mike, a expert in the electronics assembly industry, discuss the possibilities and limitations of AI in business, moving from AI’s standpoint on its acquired intelligence.
AI in the Business World
Mike Conrad, talks on the importance of AI in the electronics assembly business. He owns Aquarius Technologies, which deals in equipment for circuit boards, ensuring their proper functioning. During the interview, Mike elaborates that AI has a major impact on the manufacturing process by allowing for the incorporation of optical inspection as well as real-time data analysis. These enhancement have allow Mike to achieve high accuracy in identifying defects, counterfeit parts, and other problems that pose a threat to the reliability of electronic goods.
Acquired intelligence Over Artificial Intelligence
Mike explains acquired intelligence, stating that AI develops from the data provided by humans. He builds upon what he perceives to be the general understanding of how the generative AI systems, such as ChatGPT, were trained on data shared by people. This obtained intelligence enables AI to come up with new, relevant pieces of work, which is similar to how people produce new work based on available information.
AI in Business: Evolution
As we move through the episodes of the podcast, Mike gives many examples of how AI has progressed from just being a simple technology to being essential in enterprises. He describes how people approached AI the first time and compares it to other inventions like the Internet or electricity, which were opposed at first. AI is well known today for its ability to contribute to industry advancement, increase efficiency rates, and spur new ideas.
00:00:00 - Introduction
00:02:13 - Guest Introduction
00:05:23 - AI’s Role in Electronics Manufacturing
00:10:12 - Acquired Intelligence Explained
00:25:04 - Addressing AI Skepticism and Bias
00:35:43 - Future of AI and Human Creativity
00:43:30 - AI in the Real World
00:55:00 - Final Thoughts
A brief background of Mike Conrad from Aquarius Technologies as the Chief Executive Officer.
An introduction to how AI is used in today’s companies.
Distinction between gathered intelligence and artificial intelligence.
Historic shifts in AI and its general adoption in commerce.
AI in electronics assembly: benefits and practical uses.
Overcoming doubts and prejudices in artificial intelligence solutions.
AI applications in the medical field: a research proposal.
Possibilities for the development of AI and its implications for creativity.
Mike Conrad's Background: Aquarius Technologies founder, and CEO.
AI in Electronics Manufacturing: Applicability of AI in automated optical inspection and data analysis.
Acquired Intelligence: Learning of AI from human-generated data and the consequences it has.
Evolution of AI: Past similar technologies and the current increased understanding and acceptance of AI.
Practical AI Applications: Examples of how AI is increasing efficiency in different fields.
Addressing AI Skepticism: Overcoming challenges to effectively implement AI.
AI in Healthcare: Opportunities to increase the speed and accuracy of medical diagnoses.
Future of AI: Balancing automation with human creativity and critical thinking.
What measures can business organisations take to ensure they are using AI ethically and fairly?
What steps should be put in place to retain or advance human creativity and analytical capabilities in an AI-driven world?
How can AI be integrated into industries that have traditionally relied on human skills without causing significant layoffs?
In this episode of Web3 Weekly, offers an up-to-date analysis of the state and potential development of AI in business, valuable for executives, technologists, and everyone interested in digital transformations. Join us to find out how AI may change the world and what to expect.
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