EP 241: Want to ban AI? Be prepared to shut down.

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Is your company banning AI? If so, they should prepare to shut down. When ChatGPT started the GenAI wave about 18 months ago, so many companies, enterprises, and universities made brash decisions. Instead of understanding it and using it to grow, they banned it. Here's why that's wrong.

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Related Episodes:
Ep 197: 5 Simple Steps to Start Using GenAI at Your Business Today
Ep 200: 200 Facts, Stats, and Hot Takes About GenAI – Celebrating 200 Episodes

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Timestamps:
02:30 Daily AI news
07:40 Banning AI? Company will fail.
11:18 Banning generative AI is like banning the Internet.
14:53 Companies followed JPMorgan in banning generative AI.
18:12 Need to embrace generative AI, prioritize security.
21:28 Trust employees with internet, extend trust to AI.
24:23 85% boost in productivity, embrace data security.
30:51 Industry giants will be overtaken by younger competitors.

Topics Covered in This Episode:
1. Consequences of Banning Generative AI
2. Importance of Adapting to New Technologies
3. Generative AI and Data Security
4. AI Legal Implications and Regulatory Compliance
5. Productivity Benefits and Risks of AI

Keywords:
Everyday AI, consequences of banning generative AI, failure of companies, industry concerns, sensitive data concerns, innovation, Blockbuster, Blackberry, Sears, technological changes, AI implementation, AI strategy, fear of generative AI, embrace generative AI, data security measures, cloud storage, email, misinformation, intellectual property issues, legal implications, regulatory compliance, productivity benefits, adaptation, VHS and DVD companies, online shopping, bankruptcy, Cisco Data Privacy Benchmark Study, restriction on generative AI, ChatGPT.

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