In the AI Risk Reward podcast, our host, Alec Crawford (@alec06830), Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole. Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.com. You can hear the difference.

In this episode of the AI Risk Reward Podcast, host Alec Crawford welcomes Dave Sobel, the host of the Business of Tech podcast, who shares insights from his extensive background in technology and entrepreneurship. The discussion centers around the importance of leveraging AI for genuine business outcomes rather than getting caught up in the hype. Dave emphasizes the necessity of tying AI initiatives back to a company’s profit and loss statement to gauge their true impact. He also explores AI's transformative potential in IT services, providing examples of how AI can enhance efficiency and customer service. Additionally, Dave elaborates on how he uses various AI tools in his media company to streamline news aggregation, summarization, and content creation, thereby delivering high-quality shows more effectively. The conversation also touches on ethical considerations and the critical role of data governance in safely and effectively implementing AI.

Summary:

• Guest Background: Dave Sobel, host of the Business of Tech podcast, has a deep background in technology, starting from his childhood interest in computers and leading to his career in consulting, software development, and entrepreneurship.
• AI for Business Outcomes vs. Hype: The discussion highlights the importance of focusing on AI for achieving real business results rather than getting lost in the hype. Dave emphasizes the need for AI to tie back to a business's profit and loss statement to measure its effectiveness.
• AI's Impact on IT Services: The transformative potential of AI in IT services is explored, including examples of how AI can streamline processes and improve customer service by providing quick access to information.
• Applications of AI: Dave shares how he uses AI in his media company, including tools for news aggregation, summarization, and content creation, enhancing his ability to deliver high-quality, insightful shows efficiently.
• Ethical Considerations and Data Governance: The conversation delves into the ethical issues surrounding AI, particularly data privacy and governance. Dave stresses the importance of having robust data management practices in place to fully leverage AI while mitigating risks.

Companies: 

• OpenAI
• Microsoft
• Swell
• Notion
• Artificial Intelligence Risk, Inc.

Books: 

• The E-Myth by Michael E. Gerber

Movies: 

• Star Trek II: The Wrath of Khan

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