AI adoption has been on the rise in tech companies, with many industries incorporating AI into their organizations and seeing financial returns as a result. According to a McKinsey report, AI adoption in the enterprise has more than doubled since 2017. This increase in adoption is also reflected in the private investment in AI, which has grown 18 times over the last decade, as reported by Stanford University.
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Sep 12, 2023
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AI adoption has been on the rise in tech companies, with many industries incorporating AI into their organizations and seeing financial returns as a result. According to a McKinsey report, AI adoption in the enterprise has more than doubled since 2017. This increase in adoption is also reflected in the private investment in AI, which has grown 18 times over the last decade, as reported by Stanford University.
One area where AI has made an impact is in the content creation industry. Stock photo websites like Shutterstock and Getty Images have been at the forefront of this AI disruption. In the case of Shutterstock, they initially faced a debate when AI-generated images started appearing on their platform. However, they quickly took action and removed such content from their website. To address the concerns of content creators who might be affected by the partnership with AI developers, Shutterstock introduced a revenue share compensation model. This move not only rewards contributors but also encourages other companies in the industry to embrace AI disruption.
Getty Images, on the other hand, has been more cautious in embracing AI. They have partnered with NVIDIA to use responsible AI to improve visual content creation and address ethical and legal issues surrounding AI-generated content. Getty Images has also been in the news for suing Stability AI, a company behind Stable Diffusion. Despite this, they have announced Adobe Firefly, a toolkit of AI models that can be used to create various types of visual content.
Quora, a popular Q&A platform, has also been dealing with the impact of AI disruption. While they have not officially banned or allowed AI-generated content on their platform, they have been removing such content as discussions about it have been ongoing. The volume of weekly answers on Quora has reached its highest level in history, and it's unclear whether ChatGPT, an AI model, has contributed to this growth. Quora has released a new app called Poe, which aims to be a platform for open exploration. They are also developing an API to make it easier for AI developers to integrate their models into Poe.
One of the concerns with AI disruption on community-based platforms like Quora is the potential for AI-generated content to flood the platform without quality control. This has been seen with the use of ChatGPT to answer coding questions on the site, resulting in a high volume of AI answers that may not always be accurate. Quora's volunteer-based curation infrastructure has struggled to manage this influx of AI-generated content.
In the world of art, AI has also made its mark. The concept of "Async Art" has emerged, which refers to dynamic and interactive NFTs (non-fungible tokens). These NFTs allow for the artwork to change over time or be influenced by external factors. This creates a unique and engaging experience for art enthusiasts.
In conclusion, the adoption of AI in tech companies has been on the rise, with industries from finance to healthcare incorporating AI into their organizations. Companies like Shutterstock and Getty Images have embraced AI disruption in the content creation industry, while platforms like Quora are grappling with the challenges it brings. In the world of art, Async Art has transformed the way we experience and interact with NFTs. As AI continues to advance, it is important for companies and platforms to find ways to harness its potential while also addressing any ethical and quality concerns.
Actionable Advice:
- 1. Embrace AI disruption: Companies in various industries should consider incorporating AI into their organizations to stay competitive and reap financial benefits.
- 2. Prioritize quality control: Platforms that allow user-generated content should establish measures to ensure the accuracy and quality of AI-generated content to maintain trust and user satisfaction.
- 3. Foster innovation: The art industry can explore the possibilities of AI to create unique and interactive experiences for art enthusiasts, such as the concept of Async Art.
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