Forward Thinking on the brave new world of generative AI with Ethan Mollick

Executive Summary: Generative AI has the potential to revolutionize businesses by predicting future outcomes based on past data. The most advanced AI publicly available on the planet, GPT-4, can write and execute code, generate text, and make intuitive leaps in discussions. Generative AI can be used to augment human decision-making and management skills, rather than replace them. The use of generative AI in education can provide valuable insights into how it can be used in business. Management principles and HR considerations are important when using AI language models. Companies need to consider the impact on employees and their work when implementing generative AI.

Key Insights:
1. Generative AI has the potential to revolutionize businesses by predicting future outcomes based on past data.
2. GPT-4 is the most advanced AI publicly available on the planet and can write and execute code, generate text, and make intuitive leaps in discussions.
3. Generative AI can be used to augment human decision-making and management skills, rather than replace them.
4. The use of generative AI in education can provide valuable insights into how it can be used in business.
5. Management principles and HR considerations are important when using AI language models.

Business Impact:
Generative AI has the potential to improve decision-making and gain a competitive advantage for businesses. However, it is important to use this technology responsibly and ensure that it is used to augment human skills, rather than replace them. The use of generative AI in education can provide valuable insights into how it can be used in business. Management principles and HR considerations are important when using AI language models, as these systems are tools for people to use, not IT tools. Companies need to consider the impact on employees and their work when implementing generative AI. The use of AI is transforming the way we work and live, and businesses need to be prepared to adapt to this new reality.