The Artificial Intelligence Show #104: Top Consulting Firms Bet Big on AI, Why AI Isn’t Making Money, and Zoom CEO’s Bizarre Plan for AI Clones in Meetings
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Jul 9, 2024 The surge in AI consulting is reshaping the industry, with firms like BCG and McKinsey seeing significant growth. Yet, there's a puzzling disconnect between hefty investments and actual profits from AI. Zoom's CEO proposes a futuristic vision of AI avatars in meetings, raising eyebrows about feasibility and job displacement. In sports, NBC's AI-powered Olympic summaries, voiced by Al Michaels, offer a glimpse into AI's potential in media. Meanwhile, Nintendo's commitment to human creativity stands in contrast to its competitors leaning into generative AI.
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Consulting Boom
- AI boom creates consulting goldmine for firms like BCG and McKinsey.
- Companies struggle with AI integration, driving demand for external expertise.
Start Small with AI
- Start with small, impactful AI use cases to avoid paralysis.
- Focus on quick wins before tackling organization-wide AI strategy.
AI Investment Disconnect
- Massive AI investments haven't yielded proportional economic impact.
- Companies hesitate, showing a disconnect between hype and reality.