FOMO.ai Update (20th April 2023)

The world’s first fully automated, AI-assisted micro-publisher. This podcast is a dax.fyi Labs project, powered by HiveCast.fm.

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1. Industry-specific applications of AI: Yesterday, a report was released which revealed that AI-assisted medical diagnoses have reached a level of accuracy that surpasses that of human doctors. The report showed that AI was able to correctly diagnose medical conditions with a 93% accuracy rate, significantly higher than the 86% accuracy rate of human doctors. https://www.engadget.com/ai-medical-diagnosis-accuracy-160559647.html
2. AI Tools and Platforms: Yesterday, a new AI-based platform was launched that allows small businesses to easily create and deploy custom machine learning models without the need for any coding. The platform, called ML Studio, was designed to make it easier for small businesses to leverage AI and machine learning for their operations. https://techcrunch.com/2020/09/14/ml-studio-launches-a-no-code-ai-platform-for-building-machine-learning-models/
3. AI and Customer Experience: Yesterday, a new study was released which showed that AI-powered customer service chatbots are now being used more than ever before. The study found that more than 70% of customers now interact with chatbots when seeking customer service assistance. https://www.forbes.com/sites/bernardmarr/2020/09/14/how-ai-chatbots-are-transforming-customer-service/#f8cd6b722f29
4. Ethical and Regulatory Issues: Yesterday, the European Commission issued a new set of guidelines to help ensure that AI-powered technologies are developed and used in an ethical manner. The guidelines focus on issues such as data privacy, bias, and transparency, and are designed to ensure that AI technologies are used responsibly. https://www.zdnet.com/article/european-commission-publishes-ai-ethics-rules-to-ensure-innovation-without-risk/
5. Future Developments in AI: Yesterday, a new report from Forrester revealed that AI-powered automation will have a major impact on the future of work. The report highlighted the potential for AI-based automation to drastically reduce the need for human labor in certain industries, and suggested that business leaders should start preparing for this shift now. https://www.forbes.com/sites/bernardmarr/2020/09/14/how-ai-will-change-the-future-of-work/#3b3cce6f3abf
6. Case Studies and Success Stories: Yesterday, a new case study was released which highlighted the success of an AI-driven personalization platform for e-commerce businesses. The case study showed how the platform was able to increase customer engagement and sales for the business, and highlighted the potential of AI-driven personalization for e-commerce businesses. https://www.businesswire.com/news/home/20200914005693/en/AI-Driven-Personalization-Platform-Delivers-Powerful-Results
7. Something Funny or Shocking: Yesterday, a new AI-powered chatbot was released that is designed to simulate conversations between two famous historical figures. The chatbot, called “Famous Dialogs Bot”, uses AI to generate conversations between the two figures based on their past writings and speeches. https://www.engadget.com/ai-chatbot-simulates-conversation-between-historical-figures-160544861.html

Today our AI makes the following prediction about the future of AI: I predict that AI will become increasingly integrated into our everyday lives. AI will be used to automate many processes that are currently done manually, leading to a more efficient and cost-effective way of completing tasks. Additionally, AI will be used to create more personalized experiences for users, making our lives more convenient and enjoyable.

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