Remove 2023 Remove ChatGPT Remove Fractional CTO
article thumbnail

10 AI strategy questions every CIO must answer

CIO

The 2024 Enterprise AI Readiness Radar report from Infosys , a digital services and consulting firm, found that only 2% of companies were fully prepared to implement AI at scale and that, despite the hype , AI is three to five years away from becoming a reality for most firms. What are we trying to accomplish, and is AI truly a fit?

Strategy 211
article thumbnail

12 AI predictions for 2025

CIO

Small language models and edge computing Most of the attention this year and last has been on the big language models specifically on ChatGPT in its various permutations, as well as competitors like Anthropics Claude and Metas Llama models. We have to look at how we interact with colleagues and how we interact with AI, he adds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Beyond the hype: 4 use cases that show what’s actually working with gen AI

CIO

If 2023 was the year of experimentation with gen AI, 2024 was when companies zeroed in on use cases and started putting pilot projects into production. Elliott Franklin, CISO at Fortitude Re, a global reinsurance company, says his firm is also using enterprise subscriptions to ChatGPT and Copilot to integrate gen AI into operations.

article thumbnail

7 ways gen AI can create more work than it saves

CIO

And in August, OpenAI said its ChatGPT now has more than 200 million weekly users — double what it had last November, with 92% of Fortune 500 companies using its products. The use of its API has also doubled since ChatGPT-4o mini was released in July. But it takes months or years for some to learn how to use this well.”

article thumbnail

Top 7 generative AI use cases for business

CIO

The launch of ChatGPT in November 2022 set off a generative AI gold rush, with companies scrambling to adopt the technology and demonstrate innovation. Digital assistants can also be specialized for specific needs, says Nick Rioux, co-founder and CTO of Labviva, provider of an AI-assisted purchasing solution.

article thumbnail

Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO

Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. In the enterprise, huge expectations have been partly driven by the major consumer reaction following the release of ChatGPT in late 2022, Stephenson suggests. What comes up must come down.”

article thumbnail

The year’s top 10 enterprise AI trends — so far

CIO

And at the end of March, Italy banned ChatGPT entirely, before unbanning it again about a month later. The world has flipped since 2022,” says David McCurdy, chief enterprise architect and CTO at Insight. Existing technology just doesn’t surface the most relevant content consistently and easily enough,” he says.