"Building a competitive moat in the AI era isn't easy. AI is advancing so quickly that many companies struggle to plan more than a few months ahead, making it difficult to build a lasting advantage. OpenAI CFO Sarah Friar has three key tips for companies looking to stand out. First order of business is for companies to ask themselves whether they're solving a real problem, she said on CNBC's Squawk Box on Wednesday."
"Lastly, she said that companies should focus on securing unique data sets. "90 plus percent of the world's data sits behind closed doors," she said. "It sits in university settings, and company settings, and so on. And so, can you access that in an appropriate way? That's what I think builds a competitive moat." The hunt for unique data is so fierce that even leading AI companies are pushing boundaries - sometimes at the risk of copyright violations."
Companies should evaluate whether they solve a real problem and prioritize automating complicated, necessary tasks in real-world operations, especially complex business processes like finance. Firms should secure unique, proprietary data sets that mostly sit behind closed doors in universities and companies to build a competitive moat. Rapid AI advancement makes long-term planning difficult, so access to exclusive data and appropriate permission to use it can offer a legally sound foundation. The hunt for proprietary data is intense, and some firms have pushed ethical and legal boundaries by acquiring or using copyrighted material without clear fair-use protection.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]