Beyond the Hype: How AI is Fundamentally Reshaping Business
by Vahe Andonians on Oct 25, 2023 7:12:19 AM
Large language models have exploded onto the scene in recent months, sparking enthusiasm among technologists along with skepticism from critics who dismiss them as a fleeting gimmick. However, these systems signify a monumental leap in artificial intelligence that much of the public and many business leaders are failing to fully grasp.
Fundamentally, neural networks like those underpinning large language models function by transmitting signals between neuron-like units. The crux is the strength of the connections linking these units, denoted by adjustable weights. Via algorithms like backpropagation, the system calibrates these weights during training until the model minimizes errors on its designated tasks.
Ground-breaking research demonstrated 2020 how these models gained novel skills through a radically distinct method. As chronicled in the seminal paper "Language Models are Few-Shot Learners," architectures like GPT-3 can master unfamiliar tasks purely through instruction prompts, sans any modification of their weights. For the first time, an artificial system was exhibiting an aptitude previously assumed to be the exclusive province of natural intelligence: social learning!
Historically, human learning was deeply reliant on direct experience, observation, and memorization. The advent of the printing press enabled knowledge to propagate more broadly via books and literacy, catalyzing scientific breakthroughs and educational advancement. We may be on the cusp of a similarly disruptive paradigm shift in how information can be imparted to artificial systems.
In lieu of onerous, manual engineering, we can now cultivate new capabilities in large AI systems merely by instruction. This pledges to democratize training and empower everybody to instill versatility and plasticity in AI. Dismissing large language models as a fleeting gimmick overlooks their transformative potential for social learning. We are witnessing only the preliminary glimpses of a nascent AI revolution - one “rescribing” all conventions.
To harness AI's immense potential, business leaders must commence experimenting to grasp its capabilities. Rapid productivity gains can be reaped by deploying AI to systematize repetitive workflows. More radical are opportunities to reinvent customer and employee experiences through personalization, predictive insights, and efficiency. With the appropriate tactics anchored in ethical AI standards, companies can leverage this technology to conceive entirely novel products and services. Though integration roads vary, every enterprise can and should start extracting value from AI to kindle innovation.
However, the gigantic computing power necessary for large language models poses risks. With behemoths like ChatGPT 4 boasting over 1.7 trillion parameters, deployment is feasible only for a handful of tech titans. This extreme centralization not only endangers innovation but poses existential threats to businesses across sectors while fundamentally jeopardizing the very fabric of our society.
Cognaize has pioneered an innovative technological and business process advancement, initially for the financial service market, that involves utilizing these models not merely for prediction, but also to generate training data for more compact, specialized AI systems. With as little as 7 billion parameters, these models built automatically exhibit social learning skills for defined tasks while dodging pitfalls like hallucination. This innovative approach alleviates centralization and democratizes AI.
In summary, large language models constitute a watershed advancement in AI attributable to their social learning prowess. When combined with wise strategy, AI promises to metamorphose industries - but seizing this potential necessitates peering beyond the hype.