AI Hype, What's the Big Deal?

In this episode, Byron talks about the hype surrounding AI.

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Transcript:
Unquestionably the amount of hype and excitement around AI is extraordinarily high, but I do think it is warranted. Can it really affect the kind of change that some people say it will? I wanted to kind of anecdotally test this out so I got a list of SIC codes and randomly looked through them to ask myself, “Would artificial intelligence help in that industry?” What surprised me is that with virtually every one the answer was yes, and more than yes the applications came quickly and seemed to be significant.

To just go through them in the order that I came across them. SIC code 0119, dry bean farming, of course, you can see that agriculture would make big use of AI. 1044, silver mining, same thing you could see silver mining looking for new deposits all the way to making improvements in the refinery process. Code 2022, cheese manufacturing, you know they might use it to better predict sales or enhance some of their processes. 5812, which are caterers, which might use artificial intelligence to know how much food to prepare. 5994, art dealers, just this very week AI was released that could spot forgeries. 8051, nursing homes, the number of applications there is incredibly high. 7033, RV parks, I struggled with that one. And finally 9711, National Security, obviously there’s any number of applications there.