Business

  • Multi-Tasking with ChatGPT’s Advanced Voice Interface ‘or’ Unlocking the Power of Voice Agents: A New Frontier in Content Creation

    This article was created using a unique process compared to our usual approach. To test ChatGPT’s Advanced Voice capabilities, I decided to talk with it while walking around my neighborhood. I wanted to explore if it could help me be productive while getting fresh air and exercise.

     

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    What follows is the transcript, with only some light editing and formatting to better provide insight into the process and its outputs.

    The embedded mini-article that ChatGPT produced isn’t the main takeaway here. What interests me is the quality of the article, considering how little effort went into creating it. It was so painless and quick that I found myself contemplating how easily I could use this process for other types of productive output. In fact, that concept is a key focus of the mini-article below.

    That said, this is just a snapshot of AI’s current capabilities. If I were to repeat this experiment in six months or a year, I’m confident the results would be even more impressive. I'm also confident that if I'd asked it to flesh out the article, I would have been more impressed as well.

    I’d probably consider this article “good enough” if I weren’t someone who takes pride in my writing and thinking. Nonetheless, I believe it’s a solid starting point. For the record, my son (who helps write these weekly commentaries) disagrees. He liked our article and its premise – but "hated" what ChatGPT produced.

    Sure, some additional work and deeper reflection could make it meaningfully better … but it’s impressive how quickly and easily we came up with something valuable (that could become even more valuable with a little extra effort).

    In conclusion, these content creation capabilities represent a key shift: the content bar will rise, and the minimum standard for what’s acceptable will get higher. But as the bar for “acceptable” rises, I think fewer people will strive for greatness. That’s where you can extend your edge … if you’re willing to do the extra work.

     

    Here is the Chat.

    “Hello.”

    00:00

    Hey there! How’s it going?

    “Going pretty well. Today, I want to work on a blog post.”

    00:06

    That sounds great! What topic are you thinking about for your blog post?

    “How voice agents like you can help to create articles in a new way.”

    00:07

    That’s a fascinating topic! Exploring how voice agents can revolutionize content creation could really capture readers’ imaginations. You could delve into how it streamlines the writing process, adds a conversational tone, and even opens up new possibilities for interactive or personalized content. What angle are you thinking of taking?

    “Everything you just said, but I also want to add a piece on instant feedback.”

    00:01

    Fantastic! So, you could structure the blog post around how voice agents enhance the writing process by making brainstorming more dynamic, offering immediate feedback, and allowing for a more fluid, conversational tone. Is there anything else you want to explore in the post?

    “An example where I’m walking around the neighborhood, but instead of simply walking, I talk to the AI agent and have it even ask me questions.”

    00:16

    So, while strolling through the neighborhood, you engage in a productive dialogue with the AI agent instead of just walking. It can prompt you with questions …

    “And help me consider and refine the post; yes.”

    00:020

    So, while strolling through the neighborhood, instead of just walking, you engage in a productive dialogue with the AI agent. It can prompt you with questions, helping you refine your ideas and shape your article, all while you’re getting some fresh air and exercise. It’s a great way to maximize productivity in otherwise idle moments. Want to include anything else?

    “Yes, a couple of other examples and challenges for the reader to think about other uses of this technology that open up AI and exponential progress in ways that they haven’t thought of before.”

    00:21

    Great idea! You could include examples like using voice agents for language learning, where they act as conversation partners, or for project management, where they help organize tasks and deadlines through natural conversation. For challenges, invite readers to think about how voice agents might transform areas like mental health support, creative collaborations, or even scientific research. This approach could really spark some innovative thinking!

    “Great. Please come up with a detailed outline for what you’re thinking.”

    00:08

    1. Introduction
      • Brief overview of how voice agents are changing content creation.
      • Mention of the growing role of AI in everyday life.
    2. Voice Agents: A New Way to Write
      • How voice agents can turn walking time into productive writing sessions.
      • The ease of having a conversation with an AI to generate content.
    3. Benefits of Voice Agents in Content Creation
      • Brainstorming: How voice agents can help generate ideas.
      • Instant Feedback: Getting immediate responses to refine ideas.
      • Conversational Tone: How speaking thoughts out loud can create a more natural writing flow.
    4. Examples of Voice Agent Applications
      • Language Learning: Acting as a conversation partner.
      • Project Management: Organizing tasks through dialogue.
      • Mindfulness and Mental Health Support: Providing an outlet for expression and guidance.
      • Creative Collaborations: Assisting in the co-creation of stories or projects.
    5. Challenges for the Reader
      • Encourage readers to think of other areas where voice agents could be transformative.
      • Provoke thought on the broader implications of AI in accelerating exponential progress.
    6. Conclusion
      • Summarize the key points discussed.

     

    “Okay, please write that blog post for an executive or entrepreneur audience, making it simple, engaging, and relevant to their interests.”

    00:15

    …Got it. Here’s the blog post:

     

    Unlocking the Power of Voice Agents: A New Frontier in Content Creation

    In today’s fast-paced world, efficiency and innovation are essential, especially for executives and entrepreneurs. One of the most exciting developments in this arena is the rise of voice agents — AI-powered assistants that are transforming how we create content. Imagine turning a simple walk around the neighborhood into a dynamic brainstorming session or a full-fledged article creation process. Let’s explore how voice agents can open up new horizons for you.

     

    A7f1fa55-67b2-48ae-af46-297621450debThis image was created using X’s Grok AI to pair with this article.

    Voice Agents: A New Way to Write

    Picture this: you’re out for your morning walk, and instead of just enjoying the scenery, you’re also creating content. With a voice agent, you can do just that. Engage in a conversation with your AI assistant, and the spoken ideas seamlessly transform into written words.

    Benefits of Voice Agents in Content Creation

    • Brainstorming

    Voice agents excel at helping you brainstorm. Throw ideas at them, and they’ll help you explore different angles, often sparking new thoughts in the process.

    • Instant Feedback

    Gone are the days of waiting for feedback. With a voice agent, you get instant responses. As you articulate your thoughts, the AI provides real-time feedback, helping you refine your ideas on the fly. It’s like having an editor by your side, 24/7.

    • Conversational Tone

    Speaking your thoughts can lead to a more natural, conversational tone in your writing. This style is increasingly popular, as it engages readers and makes complex topics more accessible.

    Examples of Voice Agent Applications

    • Language Learning

    Voice agents can act as conversation partners, helping you practice new languages in a low-pressure environment. They can introduce vocabulary, correct pronunciation, and even engage in dialogue, making language learning more interactive and fun.

    • Project Management

    Organizing tasks and deadlines through natural conversation is another strength of voice agents. Discuss your project needs, and let the AI help you prioritize tasks, set reminders, and keep you on track.

    • Mindfulness and Mental Health Support

    Voice agents can offer a safe space for expression and reflection. They can guide you through mindfulness exercises, provide mood trackers, or simply lend an empathetic ear, offering support whenever you need it.

    • Creative Collaborations

    Imagine co-writing a story or developing a project with your AI assistant. Voice agents can contribute ideas, help you overcome creative blocks, and add a new dimension to collaborative efforts.

    Some Challenges to Consider

    As you consider these applications, think about other areas where voice agents could revolutionize your work or personal life. Could they streamline your decision-making processes? Might they open up new avenues for customer engagement? The potential is vast, limited only by our imagination.

    Conclusion

    Voice agents are changing how we create content, offering benefits beyond simple convenience. From brainstorming to project management, and from language learning to mental health support, the possibilities are endless. As we continue to integrate AI into our daily lives, voice agents will evolve into increasingly powerful tools for innovation and growth. So, the next time you head out for a walk, consider inviting your AI assistant along — you might just discover your next big idea.

     

    “Okay, thanks.”

    00:01

    You’re welcome! If you need any more help, just let me know.

     

    I’d love your feedback on this … and I’m curious to learn how you’re using AI or want to use AI.

    As I’ve said before – we live in interesting times.

    Onwards!

  • Here Are Some Links For Your Weekly Reading – October 19th, 2024

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    Here are some of the posts that caught my eye recently. Hope you find something interesting.

    Lighter Links:

     

    Trading Links:

  • Old School Wisdom Isn’t Always So Wise …

    When I first got interested in trading, I relied on traditional sources and old-school market wisdom. For example, I studied the Stock Trader’s Almanac.

    While there is some real wisdom in some of those sources, most might as well be horoscopes or Nostradamus-level predictions. Throw enough darts, and one might hit the bullseye.

    Traders love patterns … from head-and-shoulders, to Fibonacci sequences, and even Elliot Wave Theory.

    Here’s an example from Samuel Benner, an Ohio farmer. In 1875, he released a book titled “Benner’s Prophecies: Future Ups and Downs in Prices,” where he shared the often-referenced chart called the Benner Cycle. Some claim it’s been accurately predicting market fluctuations for over 100 years. Let’s check it out.

     

     

    Here’s what it gets right … markets go up and down … and that cycle continues. Consequently, if you want to make money, you should buy low and sell high … It’s hard to call that a competitive advantage.

    Mostly, you’re looking at vague predictions with +/- 2-year error bars on a 10-year cycle.

    However, it was close to the dotcom bust and the 2008 crash … so even if you sold a little early, you’d have been reasonably happy with your decision to follow the cycle.

    We use a form of cycle analysis in our models … but it’s more rigorous, nuanced, and scientific than the Benner Cycle. The trick is figuring out what to focus on – and what to ignore.

    Just as humans are good at seeing patterns, even where there are none … they tend to see cycles that aren’t anything but coincidences.

    In trading, “alpha” measures the excess return created by manager skill rather than luck or movement of the underlying market. As you might guess, both “art” and “science” are involved in that calculation. Profitable traders want to believe it’s a sign of their skill, while losing traders prefer to blame luck.

    Nicholas Nassim Taleb pointed out in “Fooled by Randomness” that many successful traders, even those with decades-long careers, were likely more lucky than skillful. They just happened to be at the right firm, on the right trading desk, at the right time.

    That said, I believe technology, algorithms, and AI are evolving into Amplified Intelligence – the ability to make better decisions, take smarter actions, and continually improve performance. We’re about to experience a huge asymmetric advantage … those who understand technology and science (math, statistics, game theory, etc.) will have a real edge over those relying on more primitive techniques or gut instinct.

    In a sense, this is another type of cycle.

    The best traders I know believe that “smart money” takes “dumb money”. While it may sound harsh, this cycle has played out repeatedly over time. Cutting-edge science can seem like magic to those who don’t understand it. However, these capabilities give a significant advantage to those who possess and use them.

    I believe the gap between smart and dumb money is widening. That represents a massive opportunity for those who recognize what’s coming.

    This is a reminder that just because an AI chat service recommended something that made money, doesn’t make it a good recommendation. Those models may do some things well … but they also might just have made a lucky prediction at an opportune time. Making scientific or mathematically rigorous market predictions probably isn’t an area to trust ChatGPT or one of its rivals (at least if you don’t understand how to ask AI to do something that you understand and believe gives you a real edge).

    If you don’t know what your edge is, then you don’t really have one. This becomes even more important in the age of AI. It doesn’t matter if AI does what it’s supposed to unless you believe it is doing what you want. 

    Be careful out there.

  • The Law Of Diminishing Returns

    At some point, more of the same stops paying off … it is called the law of diminishing returns.

     

    Law of Diminishing Returnsvia Sketchplanations

    Nature (and common sense) reminds us that equilibrium is important. For example, when you exercise too much, you get injured; when you drink too much water, you get poisoned; etc. 

    This concept applies almost everywhere.

    • It's why diversification is so important in portfolio construction theory. 
    • Or, why you don't want to put all your eggs in one basket (concentrating your risk).
    • And, my favorite, it's also why you shouldn't only eat vegetables.

    A related nugget of wisdom from the extreme … Too much of a good thing is a bad thing! 

    And of course … Be moderate in everything, including moderation.

  • Here Are Some Links For Your Weekly Reading – October 6th, 2024

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    Here are some of the posts that caught my eye recently. Hope you find something interesting.

    Lighter Links:

     

    Trading Links:

  • Looking Back on Ryan Deiss’s Thoughts on AI & Humanity

    In 2017, I asked Ryan Deiss – a famous digital marketer – about his perspective on AI. 

     

    via YouTube

    How do you think his thoughts held up?

    To be fair, we shot this video BCGPT (before ChatGPT). Since then, AI has become much more accessible and useful.

    It was the start of the golden age of AI, machine learning, and process automation … but in the last seven years, AI's effects and impact have become radically more widespread.

    While marketing relies on data, analytics, and automation, Ryan believes it also needs a personal touch. He suggested that the best AI should make conversations feel more human (particularly in marketing and selling) and allow humans to be more human. In other words, as technology frees people up, they can focus on more valuable things.

    Today, more marketers – including Ryan – use generative AI tools to streamline their process and improve their output.

    His points about using tools like ChatGPT remain valid.

    The saying is trite, but AI won't replace your job … a human with AI will.

    This has happened many times in society. Fewer people work in farming or manufacturing, yet more people are doing more jobs. However, many of these new jobs didn't exist – or couldn't have been imagined – before people were freed up to contemplate what they could or should do. This shift in perspective is what truly matters and adds the most value to society, the economy, and people's lives.

    Just as mechanization freed up workforces for better jobs, AI can do the same.

    What do you think?

  • Are You As Smart As You Think You Are?

    VisualCapitalist just shared an infographic showing the Average IQ by state. It caught my eye and my interest.  Here it is.

     

    AverageIQbyState_web

    via VisualCapitalist.

    When I first examined the chart, I focused on the state-by-state differences. Honestly, I was taken aback that some states scored higher than others. And by that, I mean it wasn't necessarily the states I would've predicted. But then I took a closer look at the scale and realized these differences are probably insignificant. The results essentially show that, on average, states' intelligence levels are… well, average.

    I know a lot of smart people.

    I also know many people who think they're smarter than they are (even the smart ones … or, perhaps, especially the smart ones). 

    It's common. It's so common that there's a name for it—the Dunning-Kruger Effect.

    Have you ever met someone who's so confident about what they think that they believe they know more than an expert in a field? That's the Dunning-Kruger effect. It's defined as a cognitive bias where a lack of self-awareness prevents someone from accurately assessing their skills. 

    Here's a graph that shows the general path a person takes on their journey towards mastery of a subject. 

    Dunning-w-caption

    via NC Soy

    The funny thing about the above image… it's not actually a part of the paper on the Dunning-Kruger Effect. But it's now so commonplace that people report that chart as fact—a fitting example of the effect. 

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    David Fitzsimmons via Cagle Cartoons

    Recognizing the "victims" of this effect in our daily lives can often be funny or frustrating. But we're all prone to this; it's a sign of ignorance, not stupidity. 

    This is a problem with all groups and all people. You're not immune to it, even if you already know about the cognitive bias resulting from the Dunning-Kruger Effect. 

    It should be a reminder to reflect inward – not cast aspersions outward. 

    Two different ways that people get it wrong, first is to think about other people and it’s not about me. The second is thinking that incompetent people are the most confident people in the room, that’s not necessarily true.

    Usually, that shows up in our data, but they are usually less confident than the really competent people but not that much… - David Dunning

    To close out, even this article on the Dunning-Kruger presents a simplification of its findings. The U-shape in the graph isn't seen in the paper, the connection that lack of ability precludes meta-cognitive ability on a task is intuitive, but not the only potential takeaway from the paper. 

    Regardless, I think it's clear we are all victims of an amalgam of different cognitive biases. 

    We judge ourselves situationally and assume "the best". Meanwhile, we often assume "the worst" of others. 

    We can do better … it starts with awareness.

    Progress starts by telling the truth.

  • Remembering The ‘Crazy Ones’

    On September 28th, 1997 (almost exactly 17 years ago today), Apple released perhaps one of the most recognizable commercials of all time. I remember being mesmerized the first time I saw Apple Computer's iconic "Crazy Ones" video as part of their Think Different campaign.

    Steve Jobs originally recorded a version of "The Crazy Ones" himself, but chose to release the Richard Dreyfuss narrated version. 

     

    via Youtube

    Here is the text version of the script.

    Here's to the crazy ones.
    The misfits.
    The rebels.
    The troublemakers.
    The round pegs in the square holes.

    The ones who see things differently.

    They're not fond of rules.
    And they have no respect for the status quo.

    You can quote them, disagree with them,
    glorify or vilify them.
    About the only thing you can't do is ignore them.

    Because they change things.

    They push the human race forward.

    While some may see them as the crazy ones,
    we see genius.

    Because the people who are crazy enough to think
    they can change the world, are the ones who do.

        –     © 1997 Apple Computer, Inc.

    Click here for extra material about the video and campaign. 

    I think it has held up pretty well, and I had this piece of art commissioned for my office. 

    Crazy Genius_GapingVoid

    There's a lot to be said for carving your own path, pushing past perceived limits, and accomplishing something hard to ignore. 

  • Imaginary Centenarians: An Ig Nobel Pursuit

    The 34th Annual Ig Nobel Prize ceremony took place last Thursday at MIT. Every year since 1991, around the time the recipients of the genuine Novel Prizes are announced,  the Ig Nobel Prize awards the ten achievements that "first make people laugh, and then make them think. They're meant to celebrate the imaginative and encourage more interest in the sciences. 

    The first award for Biology was awarded to Robert Klark Graham, for pioneering development of the Repository for Germinal Choice, a sperm bank that accepted donations only from Nobellians and Olympians. While I jokingly tell my kids they have "superior genetic potential," this type of research and belief can have serious consequences. 

    In 1996, Physicist Robert Matthews earned a prize for his paper "Tumbling Toast, Murphy's Law and the Fundamental Constants," which sought to explain why toast tends to fall buttered-side down.

      
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    In 2002, another physicist, Arnd Leike, earned the honor after using the law of exponential decay to explain the behavior of beer foam. 

    And in 2017, Marc-Antoine Fardin earned the honor for using fluid dynamics to finally answer the eternal question: "Can a cat be both a solid and a liquid?" In case you are squeamish, no blender was involved in that experiment.

    While these are funny examples, they're rooted in real science. As is the focus of this article, this year's Ig Nobel Prize for Demography. 

    In my circles, it is becoming more common to discuss how to live past 100 — and not just how to live beyond that number … but to do so with a high quality of life.

    A popular concept around that subject is Blue Zones – areas where people seem to live longer and healthier. There's even a Netflix documentary on the subject. Notable places include Sardinia, Italy; Okinawa, Japan; and Ikaria, Greece. 

    Saul Justin Newman challenged that belief with his research, which found that extreme age records tend to come from areas with no birth certificates, rampant clerical errors, pension fraud … and even short life spans. 

    While longevity in the zones has primarily been attributed to diet, community, and genetics, Newman found that many of these claims were based on errors – or outright fraud. Instead, these regions are actually characterized by the opposite of what you would expect … low incomes, low literacy, high crime, and short lifespans. 

    To a certain extent, it makes sense. In areas where you're struggling to make ends meet … why wouldn't you commit pension fraud? In fact, in 2010, the Japanese government realized that over 80% of the people aged over 100 were actually dead. Part of what made this possible was that America bombed the halls of records in that area during the war. 

    Here's an interview with Saul Justin Newman on the subject. He's tracked over 80% of the people aged over 110 worldwide. Almost none of them have a birth certificate. Only about 10% have a death certificate. 

    What does this mean for human longevity?

    While the stories of these 110-year-olds may mostly be fake – as mentioned in my recent article – longevity is on the rise, and there are many modalities to increase your lifespan. 

     

    Longevity-expanding-quest-lifespan-futurist-speaker

     

    The goal isn't just to stay alive longer; it's to live life to its fullest for as long as possible.

    There are people living to 100, and there are plenty of people living healthily into their 70s, 80s, and 90s. 

    We're taking steps in the right direction. Technology and medicine are both evolving quickly. 

    But, like with longevity data, improvements in any space need to be met with a grain of salt. 

    If it sounds too good to be true … it generally is. Not always. But, generally. 

  • Here Are Some Links For Your Weekly Reading – September 22nd, 2024

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    Here are some of the posts that caught my eye recently. Hope you find something interesting.

    Lighter Links:

     

    Trading Links: