Generative AI hype Has Peaked
Businesses revisiting expectations as AI reality sinks in.
Generative AI may be helping starry-eyed users write emails, prepare presentations and even apply for jobs – but with many businesses and individuals still leery of its very real risks, one expert warns that “slaphazard” adoption of AI risks threatens to sideline the technology.
Although technology vendors have fallen over themselves to add generative AI features to their products this year, many companies have already been burnt after embracing generative AI only to face its limitations head on.
San Francisco based serial entrepreneur and mentor Jeremy Shapiro – who has heard all kinds of AI success stories and disasters during his 14 years as a facilitator with business networking and scale-up advisory group Bay Area Mastermind – warns that just because the technology is available doesn’t mean it should be used everywhere.
“AI has previously been pretty inaccessible to entrepreneurs and founders to use in their businesses,” he told Information Age, but easy access to generative AI tools means “business owners are using AI far more readily because the barriers to entry are gone – and their teams are also using it, whether they know it or not.”