Crazy Wisdom The Anatomy of Decision-Making in the Age of AI
Oct 2, 2023
55:13
Show Notes for the Camilo Acosta Episode on Crazy Wisdom Introduction
Camilo Acosta joins us to discuss a broad range of topics surrounding AI, from its application in healthcare to its growing influence in Latin America. He dives deep into how AI technologies are evolving and what that means for businesses and consumers alike. Follow Camilo here
Key Takeaways-
The Astounding Capability of AI in Healthcare
- AI technologies can predict potential maladies with high accuracy.
- Notable advancements in healthcare AI are taking place at Mayo Clinic.
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The Current State of AI Prediction
- AI technologies have moved beyond generative images and text and now predict what we want to see or read.
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Future of AI: Action Over Prediction
- The next step in AI evolution is not just predicting events but acting on those predictions.
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The Three-Step Process for Decision Making
- Collect data, apply judgment, and make a decision.
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Noteworthy AI Companies
- Up-and-coming companies are making strides in areas like AI robotic surgery.
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The Role of AI in Latin America
- Latin America presents a blue ocean opportunity for new AI businesses.
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Financial Services and AI
- Banks like BBVA are starting to integrate AI technologies.
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Communication Through WhatsApp
- 70% of businesses in Latin America are using WhatsApp for various activities.
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AI and Automation
- AI enables more complex workflows than rules-based automation.
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Emerging Trends and Technologies
- LLMs, open source contributions, and more are shaping the future of AI.
- Medical Field: The ability for AI to predict potential health issues is not just promising but is already showing results.
- Prediction Machines: Current AI technology is capable of generating text and images based on prompts and predicting user behavior.
- Taking Action: The ultimate goal for AI is to not just predict but also to act on those predictions.
- Mayo Clinic: Mayo Clinic is at the forefront of implementing AI in healthcare, with particular emphasis on diagnostics.
- Data, Judgment, Decision: A typical decision-making process in AI involves collecting data, applying judgment based on that data, and then making decisions.
- Blue Ocean Opportunity: There's a lack of strong incumbents in the AI space, providing new entrants with less competition.
- Differences: Rules-based automation is not AI; AI involves more complex workflows and decision-making processes.
- "The next step in AI evolution is not just predicting events but acting on those predictions."
- "Latin America presents a blue ocean opportunity for new AI businesses."