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June 12, 2023 Other Voices

Confused about AI? Create a business community AI collective

Joe Nigro
By Joe Nigro

Artificial intelligence (AI) is rapidly transforming the business world, allowing companies to automate their processes, enhance customer experiences and make better business decisions.

However, not all businesses have the resources or knowledge to implement AI effectively. Many business leaders are nervous to even use it. They are concerned that AI will displace jobs.

Other worries include ethical considerations, data privacy, and bias and discrimination. This is why a local business community AI collective, which can help business leaders implement artificial intelligence, is needed in Connecticut.

A local business community AI collective can bring together businesses in the area, providing a platform to share knowledge and resources on artificial intelligence implementation. This will help educate local business owners on AI best practices and how to introduce artificial intelligence effectively in their businesses.

One main benefit to having a local business community AI collective is the ability to share knowledge and resources. This can be done through networking events, workshops, and webinars, where members can learn from experts, share their experiences and collaborate on AI projects.

By bringing together businesses of different sizes and industries, the collective can help create a diverse ecosystem of ideas and solutions that can benefit all members.

Another benefit of a collective is the ability to pool resources, allowing smaller businesses to access AI technologies that may have been out of reach otherwise. This can include access to training, hardware and software, as well as shared research and development. By working together, businesses can save costs and improve their overall competitiveness.

The collective can also act as a bridge between the local business community and the wider tech industry. A platform for businesses to share AI experiences and showcase their successes will help to attract investment and talent to the area. This, in turn, can help to create a thriving ecosystem of innovation and growth.

Also, the community overall can benefit from the collective’s activities by learning about the advantages of AI in their daily lives. This can be done through community outreach programs, public events and educational workshops.

By helping to dispel misconceptions and myths around AI, the collective can help foster a positive attitude toward artificial intelligence, encouraging people to embrace its potential benefits.

AI is here to stay. Tech leaders in the U.S. called for a pause of AI development for six months, but I doubt this will happen. AI is already a force all over the world. If U.S. tech companies put a pause on AI, companies in other countries will amass more knowledge than companies in the U.S., and that’s not a position the U.S. wants to be in.

This is why I believe the responsible thing for all business leaders is to learn as much as possible about artificial intelligence, and an AI collective can help business leaders do just that.

A local business community artificial intelligence collective has numerous benefits, including knowledge sharing, resource pooling, fostering innovation and growth, and educating the wider community on the advantages of artificial intelligence.

Joe Nigro is a Connecticut-based investor, advisor and entrepreneur who has used AI extensively in his career. He is the CEO and founder of Maslow Capital.

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