Why of AI

Heading down under for the YOW! Conferences, this will be a fun one. #whyofai #ai #aistrategy

How Are Companies Monetizing AI? Here’s What You Need to Know AI monetization is complex, but essential for maximizing ROI. The tides are changing from pure adoption to how big tech is going to be monetizing their innovations. This graphic from Palle Broe shows the direct and indirect strategies top companies are using: Direct Monetization 🔌 Add-On: Companies like Zapier, Loom, and Adobe charge extra for AI features. 🔗 Standalone: Products like Gemini, ChatGPT, and GitHub offer separate AI products. 📈 Included in Plan (with price increase): AI features are added with a price hike, seen with Reply and Box. Indirect Monetization 🔒 Included in Plan (without price increase): Shopify and Zoom integrate AI features without changing prices. 🆓 Free Version: Wrike provides AI features at no additional cost. Choosing the right strategy is critical. What approach will you take to monetize your AI innovations? Dive deeper into these insights and start refining your AI strategy today. More from Palle Broe here: https://lnkd.in/gjV8FiqN #AI #Monetization #TechTrends #BusinessStrategy

Check out Alex Castrounis in the latest Northwestern University article about his #MBAi program's Applied #AI for Business course! One very interesting fact? Each IndyCar has more than 80 sensors that record and transmit data that is analyzed in real-time. One car can create more than 500 billion data points in one race alone! https://lnkd.in/gFeAcA6g Northwestern University - Kellogg School of Management McCormick School of Engineering #northwestern #kellogg #KelloggLeader

Let’s go!! We’re off to the races at our AI Innovation Lab at 1871. Alex Castrounis and Erik O'Brien doing their thing turning AI chaos into clarity. #aiinnovationlab #whyofai #ai #innovation

Day 2 at AI Week, Alex Castrounis doing his thing. Getting ready for the AI Innovation Lab Summit tomorrow! Come check us out at 1871 🎟️: https://lnkd.in/gdsgQFan #ChicagoAIWeek #AI #TechInnovation #Community #ai2030 #responsibleai #chicagoland #chicago #chicagoaiconference #ai2030summit

Our AI Innovation Lab is this Thursday 6.27! We just updated our agendas, including keynotes, breakout sessions, and more. Get ready to hear insights from industry leaders. 🎟️ Secure your ticket today! Feat. keynotes with Adam McElhinney, CEO of Uptake & Chris Gladwin, CEO of Ocient RSVP: https://lnkd.in/gdsgQFan Supported by our partners: FinTech4Good Aon Discover Financial Services DeVry University Drive Capital Decasonic EX3 Labs Fenwick Hyde Park Angels HubSpot Microsoft Molson Coors Beverage Company Beam Suntory World Business Chicago Verizon

You may have been hearing the term RAG lately and wondering, why does this keep coming up, why does it matter to me? And why the unflattering acronym? Here's why it matters and 5 ways to use it. As the world enters the AI age, accessing accurate and relevant information quickly is crucial for staying ahead. Retrieval-Augmented Generation (RAG) enhances AI models by fetching precise facts from external sources, filling in knowledge gaps and providing up-to-date, context-rich answers. 🔍 Imagine a Newsroom: Journalists rely on researchers to gather accurate facts and data. Similarly, large language models (LLMs) need an assistant to retrieve precise information. This assistant is RAG. 🚀 5 Specific Ways RAG Can Help Your Business: 1) Content Creation: Generate detailed, well-researched articles quickly. 2) Market Analysis: Provide real-time insights from diverse data sources. 3) Knowledge Management: Develop dynamic, searchable knowledge bases. 4) Training Programs: Create up-to-date, relevant training materials. 5) Project Management: Offer precise data to keep projects on track. Yeah, but how? You could turn things like your business's technical manuals, videos, or logs into knowledge bases that enhance LLMs. These sources can support customer service, employee training, and boost developer productivity because your LLM now has an assistant that is an expert in your business. If you have a question, use case, or story about RAG, comment below! #Whyofai #AI #innovation #business #efficiency #businessgrowth

We love celebrating the next generation of innovators at the Polsky Center at the University of Chicago!

A lot of fun stuff coming up last week of June, come check out Alex at the Chicago AI Conference!

Want to be in the same room with the biggest names in AI? Join us at 1871 second annual #AI Innovation Summit on 6.27, tickets are going fast!! This Summit is the place to be for industry insights and connections with AI tech startups, investors, and thought leaders. Participate in breakout workshops, connect with pioneering startups in the Startup Expo & pitch showcases, and hear from experts in keynote panels. Join us in-person at 1871 from 9:00 AM - 6:00 PM CST for a full day of AI-centered programming and networking. This event is open to the public and free to participate!  Sign up today https://lnkd.in/gdsgQFan #Innovationlab #AI #Artificial #Intelligence #summit