How to Use Synthetic Data for AI Training

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Having an AI task force is essential for every business. With a cross-functional team meeting weekly and exploring new tools, the company disseminates valuable information to all 350 employees. Investing in collecting data for algorithms is costly, but using tools like Dali and Midjourney to create synthetic data can ultimately reduce costs and save time. This becomes a competitive advantage for training algorithms.

Rapid Response with Bob Safian: Should you begin incorporating AI now or wait to see how it shakes-out for early adopters? AI pioneer Rana el Kaliouby urges business leaders to embrace their exploration mindset in order to accelerate faster. El Kaliouby takes us inside her own AI shop, Smart Eye, where she serves as deputy CEO, to share their process for adapting to the latest technology. An expert on emotional AI and its ethical boundaries, El Kaliouby argues that to succeed in the AI era, we need to focus on what makes us human. She offers key lessons about AI’s role on your core product and functions as well as the risks of overreaching.

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