Michael G. Jacobides’ Post

Super stoked to be part of this research, Its an impeccable piece of work on expectations of impact of GenAI on business environment, a study of barriers to GenAI adoption variables at scale and regulatory recommendations for enhancing business productivity post GenAI. Sharing with my network, do attend the session to know more about the research!

Think Ahead: Business Implications of AI - The Second Takeaway "How can SMEs harness AI's potential without making huge investments in resources?" This is a great question that was posed during the London Business School's webinar: "Think Ahead: The Business Implications of AI." It's also a question we frequently encounter from our clients who are concerned about the complexity and costs associated with AI. Apparently, it's a common misconception, and I'd like to dispel this myth. I believe the best way to dive into adopting breakthrough technologies is by leveraging solutions from third-party companies that are already thriving in this area. This way, you don't need to make substantial R&D investments, and you can immediately gain hands-on experience and learn how the technology functions. Discover its pros and cons tailored to your needs. Most AI-based solutions are designed to save resources. This is crucial to understand. Actually, it's a bit of self-promotion 😉. For instance, tools like AI-powered moderation from Membrace offer almost immediate benefits for your business. The main message here? Dive in, grasp the value of AI tools, and surge ahead of your competitors. Check out the full webinar here: https://lnkd.in/egu5TfJ3 #webinar #ai #aitools #artificialintelligence #insights

Where do breakthrough ideas come from? Associate professor Amir Goldberg says to look to the fringes. Goldberg deployed deep-learning AI to trace the genesis of original, enduring ideas and found that prescient thinking is more likely to emerge from the periphery of a field. In business, prescient ideas were eight times more likely to emerge from the smallest companies than the largest. In law, highly prescient decisions were 22 times more likely to come from state appeals courts than the U.S. Supreme Court. Goldberg notes that while innovation doesn't always come from the periphery, it is more likely to. As investors and business leaders seek the next big idea, "Openness to outsiders and welcoming a diversity of voices is a good place to start.

Lesson [4 of 4] for innovators 💡🧑🔬🚀 from the AI Transformer Paper! To end this post series 😭, let's take it out with a nerdy bang 🤓🧨. Quick recap: ➡️ Great WIRED article about 2017's era-defining AI Transformer Paper: https://lnkd.in/gurvY-tQ ➡️ 3 resulting lessons (so far) for corporate innovators: 1️⃣ https://lnkd.in/gFyj-ajs 2️⃣ https://lnkd.in/gPG24m5H 3️⃣ https://lnkd.in/gWjXbgsK The last lesson for doing innovation work credibly: ⚠️💞🧠 It takes empathy for your _own org_ (not just for users) to understand the factors arrayed against transformational work. Sadly, innovators sometimes embrace empathy for users but not their own org. That blows up in their face in the form of blindspots. Innovators who set themselves up for success realize: People who don't gush over our work aren't bozos. Take them seriously! Concretely, the Google researchers showed us: 💰 Corporations need innovations that are cheap and instantly high-performing. 💼 Expect the broader org to be just lightly interested in your work (even if it's good), as one interesting effort in a broader portfolio. 🕳️ It's perfectly rational for executives to dismiss work that requires self-cannibalization. 🧐 Even–and especially–smart, competent outsiders may reject good ideas, especially ones that counter current orthodoxy. 🏃➡️ Even great success does not ensure longevity of innovation teams. 👉 Want more? My blog has specifics, plus the other 11 lessons I learned. Link in comments. Photo credit: @Yves Alarie #casestudies #AI #transformers #credibleinnovation #corporateinnovation #intrapreneurship === Hi, I'm Steffen. I write about making corporate innovation and innovation governance more credible. ➕ Follow me! I post Tue, Fri, and as cool topics pop up.

The idea that artificial intelligence is an existential threat to humanity has many of the nation's business leaders more than a little spooked. According to a survey of 119 chief executive officers who attended a Yale CEO Summit this week, 42% believe AI has the potential to destroy humanity within the next decade. The survey was conducted at a virtual event held by Yale Prof. Jeffrey Sonnenfeld at his Chief Executive Leadership Institute. The simple, one-sentence letter read: "Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war." Others who signed it were Demis Hassabis, chief executive of Google DeepMind; Dario Amodei, chief executive of San Francisco-based Anthropic PBC; and Microsoft. co-founder @Bill Gates https://lnkd.in/gApycj5K "#entrepreneurship #projectmanagement #startups #socialentrepreneurs #venturecapital #investing #innovation #fundraising #entrepreneurK subscribers #smallbusinessk #openingsk #partnershipsk #research, #successk #business #digitalmarketing #Marketing #economy #economics #advertisingandmarketing #strategy #sales #contentmarketingk #jobseekers #jobopeningk #technology #future #futurism #businessintelligence #softwareengineering #programing #analytics #softwaredesign #datamining #data #computersciencek subscribers #pythonk subscribers #fintechk subscribers #cloudk subscribers #automationk subscribers #datasciencek subscribers #productmanagement #aik subscribers #userexperience #cloudcomputing #mobileapplications #bigdata"

The idea that artificial intelligence is an existential threat to humanity has many of the nation's business leaders more than a little spooked. According to a survey of 119 chief executive officers who attended a Yale CEO Summit this week, 42% believe AI has the potential to destroy humanity within the next decade. The survey was conducted at a virtual event held by Yale Prof. Jeffrey Sonnenfeld at his Chief Executive Leadership Institute. The simple, one-sentence letter read: "Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war." Others who signed it were Demis Hassabis, chief executive of Google DeepMind; Dario Amodei, chief executive of San Francisco-based Anthropic PBC; and Microsoft. co-founder @Bill Gates https://lnkd.in/gXwYuzQn "#entrepreneurship #projectmanagement #startups #socialentrepreneurs #venturecapital #investing #innovation #fundraising #entrepreneurK subscribers #smallbusinessk #openingsk #partnershipsk #research, #successk #business #digitalmarketing #Marketing #economy #economics #advertisingandmarketing #strategy #sales #contentmarketingk #jobseekers #jobopeningk #technology #future #futurism #businessintelligence #softwareengineering #programing #analytics #softwaredesign #datamining #data #computersciencek subscribers #pythonk subscribers #fintechk subscribers #cloudk subscribers #automationk subscribers #datasciencek subscribers #productmanagement #aik subscribers #userexperience #cloudcomputing #mobileapplications #bigdata"

The idea that artificial intelligence is an existential threat to humanity has many of the nation's business leaders more than a little spooked. According to a survey of 119 chief executive officers who attended a Yale CEO Summit this week, 42% believe AI has the potential to destroy humanity within the next decade. The survey was conducted at a virtual event held by Yale Prof. Jeffrey Sonnenfeld at his Chief Executive Leadership Institute. The simple, one-sentence letter read: "Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war." Others who signed it were Demis Hassabis, chief executive of Google DeepMind; Dario Amodei, chief executive of San Francisco-based Anthropic PBC; and Microsoft. co-founder @Bill Gates https://lnkd.in/gXwYuzQn "#entrepreneurship #projectmanagement #startups #socialentrepreneurs #venturecapital #investing #innovation #fundraising #entrepreneurK subscribers #smallbusinessk #openingsk #partnershipsk #research, #successk #business #digitalmarketing #Marketing #economy #economics #advertisingandmarketing #strategy #sales #contentmarketingk #jobseekers #jobopeningk #technology #future #futurism #businessintelligence #softwareengineering #programing #analytics #softwaredesign #datamining #data #computersciencek subscribers #pythonk subscribers #fintechk subscribers #cloudk subscribers #automationk subscribers #datasciencek subscribers #productmanagement #aik subscribers #userexperience #cloudcomputing #mobileapplications #bigdata"

8 out of 10 most valuable companies today have 3 key attributes. They're digital-first, have #AI at their core, and they GTM via 🎯 ecosystems. - HBS Professor Karim Lakhani This new logic of winning in business emerged over the past 20 years, as highlighted by Harvard Business School Professor Karim Lakhani, co-author of "Competing in the Age of AI" and founder of the Laboratory for Innovation Science at Harvard. He delivered an insightful lecture on how to compete in the Age of AI, which I recommend watching (link in comments). A key takeaway for me? Successful tech giants universally adopt the #ecosystem business model. (watch the clip) 🚧 Limitations of Legacy Business Models Historically, companies scaled using the divisional system. While this operating model produced considerable value, it faced inherent constraints in scale, scope, and learning. As businesses expanded, they often grappled with operational complexity, administrative costs, and inertia. 🎆 Network Effects Revolution New breed of tech companies are digital-first and AI-centric. They operate with near-zero marginal costs and harness both network and learning effects. This helps them scale to millions or sometime even billions of users. The real game-changer? AI exponentially accelerates their growth trajectory, leading to valuations that can be staggering. Case in point - each of the top five companies in the list today valued at >1 trillion dollars. 🗽 When Worlds Collide A stark contrast in efficiency sets the stage for a 'collision' between two disparate models — one scaling exponentially and the other hampered by its growth constraints. Prof. Lakhani draws a compelling parallel between the exponential spread of COVID-19 from 2020 to 2022 and the world's response that was inherently linear and therefore difficult to counteract. Similarly, businesses with an exponential model (digital + AI + ecosystem) usually prevail, when they confront its linear, traditional counterparts. If your approach is linear, you might second-guess the ROI of adopting the new paradigm... until the inevitable collision occurs. Once it does, the exponential model tends to dominate. As the landscape evolves, how are you capitalizing on digital ecosystems? Are you partnering with one, or creating your own? 💡 Follow for more insights on partnerships and ecosystems. Full lecture - link in comments. Partner Insight #growth

The idea that artificial intelligence is an existential threat to humanity has many of the nation's business leaders more than a little spooked. According to a survey of 119 chief executive officers who attended a Yale CEO Summit this week, 42% believe AI has the potential to destroy humanity within the next decade. The survey was conducted at a virtual event held by Yale Prof. Jeffrey Sonnenfeld at his Chief Executive Leadership Institute. The simple, one-sentence letter read: "Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war." Others who signed it were Demis Hassabis, chief executive of Google DeepMind; Dario Amodei, chief executive of San Francisco-based Anthropic PBC; and Microsoft. co-founder @Bill Gates https://lnkd.in/gXwYuzQn "#entrepreneurship #projectmanagement #startups #socialentrepreneurs #venturecapital #investing #innovation #fundraising #entrepreneurK subscribers #smallbusinessk #openingsk #partnershipsk #research, #successk #business #digitalmarketing #Marketing #economy #economics #advertisingandmarketing #strategy #sales #contentmarketingk #jobseekers #jobopeningk #technology #future #futurism #businessintelligence #softwareengineering #programing #analytics #softwaredesign #datamining #data #computersciencek subscribers #pythonk subscribers #fintechk subscribers #cloudk subscribers #automationk subscribers #datasciencek subscribers #productmanagement #aik subscribers #userexperience #cloudcomputing #mobileapplications #bigdata"

In a recent conversation with a mid-sized European bank's head of strategy, Ilya Venger, Principal Product Lead for Industry AI at Microsoft, tackled the pressing question: "How much should we be investing in LLM, and are we missing out if we don’t move quickly?" In a bold departure from the FOMO-driven norm, Ilya advocates for a measured approach to AI adoption, especially for mid-cap enterprises navigating the ever-evolving tech landscape. Discover the nuanced complexities of Ilya's advice as he explores the exponential capabilities of technology, the "magical thinking" surrounding AI, and the pivotal role of consumer expectations. The article provides strategic guidance for business leaders, emphasizing the importance of understanding AI limitations and fostering a culture of experimentation. https://lnkd.in/ehK4AUui