Radio Davos Beyond the hype, how industries are deploying AI at the heart of their operations
11 snips
Apr 3, 2025 
Andrew Ng, managing general partner of AI Fund and founder of DeepLearning.AI, is joined by Cedrik Neike, CEO of Digital Industries at Siemens, and Kiva Allgood from the World Economic Forum. They delve into how AI is transitioning from experimental phases to core operational functionalities across industries. Key discussions include leveraging AI for enhanced manufacturing efficiency, the necessity of workforce upskilling, and addressing misconceptions surrounding AI. The importance of practical applications over hype is emphasized, alongside sustainable practices powered by AI.
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Focus on Applications
- Focus on applications built on top of AI models, not just the models themselves.
- Identify unique business use cases and design workflows to leverage AI's potential.
Shifting from Hype to Implementation
- The hype around AI is subsiding, and businesses are shifting towards practical implementations.
- This signifies a move towards tangible business value and away from theoretical discussions.
Concrete Use Cases
- AI is used to process legal documents, streamline cross-border trade, and perform pricing analytics.
- Getting pricing right with AI can boost profitability by 20-30%.