Finance Expert Reveals AI’s Game-Changing Impact!

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Unlocking AI: Insights from Chris Duenas at the Rotary Club of Tumon Bay

A New Era of Artificial Intelligence

In a riveting session on Tuesday, Chris Duenas, the Chief Financial Officer of Triple J Enterprises, addressed members of the Rotary Club of Tumon Bay about the transformative potential of artificial intelligence (AI) across all sectors on Guam. In an age where technology is advancing at an unprecedented rate, Duenas highlighted the crucial need for awareness and understanding of AI among local businesses and individuals.

Understanding the Knowledge Gap

As Duenas began his presentation, he prompted the audience with a simple question: "How many of you have used AI today?" Approximately one-third of the hands shot up in response, reflecting a significant knowledge gap. Duenas acknowledged this shortfall, suggesting that many are unsure where to access and how to leverage AI effectively in their daily lives and work.

AI as the Solution

“This technology is a solution to your problems,” he asserted, emphasizing its practicality. He quickly transitioned into a live demonstration, aiming to showcase the immediate advantages of AI in practical settings.

Live Demonstration: AI in Action

Over the next 33 minutes, Duenas engaged the audience with a hands-on demonstration. He created a section of an employee handbook, developed a slide presentation, transformed a Tumon landmark in preparation for Fourth of July celebrations, and even generated a mind map. He then took on an ambitious task: using a simplified automobile inventory, he built an app that allowed users to filter and purchase vehicles.

“It’s incredible!” he exclaimed. “This is code being generated—and I’ve never written a line of code in my life.” The crowd watched in awe as the app took shape in real-time.

Creating Content Seamlessly

Following the app demonstration, Duenas utilized another program to produce a podcast dialogue based on the automobile inventory he had just outlined. Within minutes, he seamlessly delivered a podcast featuring two voices, showcasing how two different AI technologies could work together to create polished, professional content.

AI’s Personal Touch

Culminating his presentation, Duenas revealed a live AI-generated version of himself, thanking the audience in three different languages. He noted that crafting his speech only took two minutes of reading aloud, after which the AI had everything it needed to replicate his voice. “I even uploaded a similar greeting for new employees to a server for easy access,” he shared.

Question and Answer: Understanding AI Limitations

The floor opened for questions, and one curious attendee inquired about how to identify if a presentation or report was AI-generated. Duenas affirmed that it’s indeed possible but cautioned against getting overly dependent on that assessment. “I believe that in just a few years, AI will be capable of creating entire movies, and we will be perfectly fine with that,” he predicted. “This technology is better than nothing. It could serve as an educational tool.”

Choosing Between Free and Paid Versions

Another question arose regarding whether Duenas used the free or paid version of ChatGPT. He revealed that he subscribes to the $20 per month plan, confidently stating, “For what it offers, it’s as close to free as you can get.”

The Value of AI Subscriptions

In his closing remarks, Rotary President Ryan Mummert reiterated the significance of understanding AI, stating that many companies today need to familiarize themselves with these technologies. He offered an analogy that resonated with the audience: “Having that $20 subscription is akin to employing someone with a 120 IQ who works for you 24/7, armed with a versatile skillset.”

Navigating the Wild West of AI

One attendee inquired about Triple J’s stance on AI usage in the workplace. Duenas candidly admitted, “Currently, the AI landscape is like the Wild West out there. Do we have a policy? Not yet. Should we? Probably.” With a chuckle, he added, “Maybe I’ll ask AI to generate one!

The Future of AI in Business

The insights shared by Duenas not only illuminated the capabilities of AI but also underscored the urgency for businesses on Guam to adapt and learn. As technology continues to evolve rapidly, companies that harness the power of AI could find themselves at a significant advantage over competitors who hesitate to embrace this shift.

Embracing Change in an AI-Driven World

Duenas’ presentation serves as a rallying cry for all businesses and individuals on Guam and beyond to embark on their AI journey. The integration of AI into everyday tasks is no longer a futuristic dream but a current reality that can enhance efficiency and creativity in various industries.

AI as a Tool, Not a Replacement

One key takeaway from Duenas’ talk is the notion that AI should be viewed as a tool rather than a threat. By utilizing AI to manage repetitive tasks and improve workflows, businesses can free up human talent to focus on higher-level problem-solving and strategic initiatives, cultivating a more innovative workplace.

Building an AI-Ready Culture

As organizations begin to adopt AI technologies, fostering a culture that encourages experimentation and learning will be essential. Training employees to understand and utilize AI effectively will empower them to enhance their skills, leading to overall growth and productivity.

The Road Ahead for AI on Guam

In conclusion, Duenas’ insights about AI reveal a broader narrative that transcends just technology. It’s about reimagining how we work, emphasizing learning, and adapting in a rapidly changing environment. As Guam forges ahead, embracing AI could very well unlock new realms of opportunity, ensuring that businesses not only survive but thrive in the future.

Final Thoughts

The dialogue surrounding AI is just beginning, and forums like the Rotary Club of Tumon Bay provide a platform for vital conversations. As more community members engage in this dialogue, the path forward for AI on Guam looks increasingly promising.

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Leah Sirama
Leah Siramahttps://ainewsera.com/
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital world since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for everyone, earning respect in the field. His passion, curiosity, and creativity continue to drive progress in AI.