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Empowering Innovation: This Week's Insight on ChatGPT Memory Feature and AI's Transformative Role in Industry

"Dive into AI advancements, from ChatGPT's Memory feature to cutting-edge applications in project management and construction – Your guide to the future of professional excellence.

Author

James Garner
February 19, 2024

This Week’s Wisdom: Tip of the Week

Tip of the Week

Dive into a more personalised ChatGPT experience by enabling the Memory feature! Here's how:

  • Sign in to your ChatGPT account.

  • Navigate to the Settings icon located at the bottom left corner of your screen and select "Personalisation".

  • Find and click the "Memory" option. Switch it on to let ChatGPT remember your preferences and interactions.

Now, head back to your chat and give it a go! You can provide instructions or preferences you'd like ChatGPT to recall in future conversations.

Please note: The Memory feature is gradually rolling out and might not be immediately available to all users. If it's not yet visible in your settings, stay tuned – it should appear within a few days.

Timeless Words: Quote of the Week

“We have seen little sign of self-disruption within major professional businesses and organisations. If there were to be revolutionary upheaval, it would most likely be wrought by start-ups or by big tech companies that turn their attentions to professional work—no matter how improbable this might seem to today's professionals, especially those who are currently enjoying success in their chosen fields.”

The Future of the Professions: How Technology Will Transform the Work of Human Experts - Richard Susskind and Daniel Susskind

Flux Feed: Curating the Latest Industry News

Generative AI Summit 2024 Highlights:

Dive into the future of AI at the Generative AI Summit, happening 20th-22nd May 2024 at Tottenham Hotspur Stadium, London. This premier event features over 100 speakers, including industry leaders from Publicis Groupe, GlaxoSmithKline, and Bupa, and covers more than 80 sessions on AI mastery, ethical AI, and transformative use cases. Whether you're an AI strategist or a tech innovator, this summit is an essential platform for networking, learning, and shaping the future of business through AI. Secure your early bird discount by visiting Generative AI Summit 2024.

AI in Construction and Project Delivery

This article discusses the integration of ChatGPT into project management workflows and explores how it can streamline tasks, enhance communication, and improve decision-making.

Matterport has launched Property Intelligence, a suite of AI-powered features that provide customers with automated measurements, layouts, editing, and reporting capabilities for their property. The new features enhance property marketing, design, construction, and facilities management solutions.

The artificial intelligence construction market is forecasted to reach USD 8.5 billion by 2030.

The market is driven by the demand for efficiency and productivity, safety, regulatory trends, and sustainability initiatives.

Birmingham City University has won a £1.2m ($1.6m) research project funded by UK Research and Innovation to use artificial intelligence (AI) to redefine cost planning and management in the construction industry. The use of AI, in combination with building information modelling, has the potential to save the UK construction industry billions of pounds and increase productivity by 25%.

The project will involve collaboration between the universities and various construction, consultancy, accountancy and IT organisations.

Birmingham City University has secured a £1.2m AI research project to overhaul construction cost planning.

The project aims to save billions of pounds in construction costs by utilising emerging technologies such as Building Information Modelling (BIM) and Generative AI (GAI) to more accurately estimate project costs. The research will also support SMEs and stimulate economic growth.

Seed investors are most active in the areas of artificial intelligence in healthcare, spacetech, construction, fintech for the carbon economy, and generative AI, according to Crunchbase data. Consumer-facing products are less popular among startups seeking seed funding.

This article explores how AI is being used in the property sector, from aiding in the design process to streamlining project management and providing market insights. Although there are challenges with accuracy and reliability, the integration of AI has the potential to change the industry.

This article provides a comprehensive overview of artificial intelligence (AI), including its definition, how it works, types of AI, applications, benefits, disadvantages, history, and the future of AI. The article takes a neutral tone and presents information in an informative manner.

Artificial intelligence (AI) has the potential to revolutionise the construction industry by improving project outcomes and driving growth, according to a report by InEight. However, despite supply chain challenges and staff shortages, only 50% of construction organisations are using AI.

Challenges like skepticism, data quality, and the need to develop use cases remain, but embracing AI could transform the industry and improve project outcomes.

The global construction 4.0 market is projected to reach US$ 56.6 billion by 2032, growing at a CAGR of 14.58% from 2024 to 2032.

Factors driving market growth include the integration of digital technologies, a focus on sustainability and green construction, and an emphasis on safety and compliance.

Construction materials procurement is evolving to meet demands for sustainability, efficiency, and cost savings. Digital solutions, such as centralised procurement dashboards and real-time data insights, are being adopted to improve transparency, collaboration, and supplier management in the industry.

The future of construction materials procurement will be characterised by the use of new technologies, strong supplier relationships, and a focus on sustainability.

Artificial intelligence (AI) is transforming the construction industry by improving safety through hazard detection, enhancing efficiency through automation, and promoting sustainability through optimised energy use and green practices. The industry must develop clear AI policies and stay informed to fully leverage the benefits of this revolutionary technology.

AI impact on work

AI has the potential to extend the relevance and value of human expertise for a larger set of workers, helping to restore the middle class and mitigate the effects of automation and globalisation.

The rise of artificial intelligence (AI) is causing a shift in the skills that are valued in the economy. While technical and data skills are becoming less important, skills such as communication, empathy, and critical thinking will become more valued in the AI age.

This should lead to a world of work that is more focused on human abilities. It is important to rethink how workers are trained and to prioritise these "soft" skills in education and training.

The power of generative AI, which can replicate skills like programming and writing, will impact a wide range of jobs.

Tech News

Mark Zuckerberg, CEO of Meta, has compared his company's Quest 3 headset to Apple's Vision Pro, stating that the Quest 3 is the superior product in terms of comfort, motion, content library, and price.

IKEA has launched a new AI-powered assistant on the OpenAI GPT Store, offering personalised furniture and decor suggestions based on user preferences. The assistant is currently available for GPT Plus users in the US.

OpenAI is reportedly developing a web search product that would rival Google. The search service would be powered in part by Bing.

Research scientist Andrej Karpathy has announced his departure from OpenAI for the second time, stating that it was not due to any specific event or drama. Karpathy, a founding member of OpenAI, initially left the company in 2017 to join Tesla before rejoining OpenAI nearly a year ago.

The company stated that his responsibilities have been transferred to another researcher.

San Francisco-based artificial intelligence company OpenAI has completed a deal that values the company at over $80 billion, nearly tripling its valuation in less than 10 months. The deal allows employees to cash out their shares rather than raise money for business operations.

OpenAI is now one of the most valuable tech start-ups globally, behind ByteDance and SpaceX. This deal reflects the trend of Silicon Valley investing heavily in generative AI companies.

AI in Other Industries

The NFL is teaming up with AWS to create a "Digital Athlete," a virtual representation of NFL players that can be used to predict and prevent injuries. The use of data and machine learning aims to make the game safer for players.

AI Regulation and Security

Companies including Walmart, Delta, T-Mobile, Chevron, and Starbucks are using AI technology from startup Aware to monitor employee messages and analyse sentiment in real time. The technology can identify behaviours such as bullying, harassment, discrimination, and noncompliance, but has raised concerns about employee privacy and worker rights.

The United States Patent and Trademark Office (USPTO) has clarified that AI models cannot hold patents but can assist in the creative process. The guidance states that only human inventors who contribute significantly to the conception of the invention can be named as inventors.

Yann LeCun, Meta's chief AI scientist, discussed the limitations of large language models and the importance of open-source AI systems in an interview with TIME. He also dismissed the notion that AI poses an existential risk to humanity.

Microsoft and OpenAI have discovered that hackers are using large language models, such as ChatGPT, to enhance their cyberattacks. The attackers, including groups backed by Russia, North Korea, Iran, and China, use the models for research, scripting, and phishing campaigns.

Although no major attacks have been detected, Microsoft is developing AI-based defences to counter these potential threats. The companies aim to expose these early-stage developments and share information with the defender community.

The article discusses the issue of confidentiality in systems that integrate large language models (LLMs) with external tools and proposes a systematic evaluation framework and defence strategies. It highlights the vulnerability of current defences and suggests a robustness fine-tuning method.

This Week's Big Thing in the Industry

OpenAI's latest innovation, Sora, revolutionises video creation by transforming text prompts into rich, dynamic videos, demonstrating the future of digital storytelling and content creation. This tool signifies a major step forward in making complex video production accessible and imaginative, enabling creators to bring detailed narratives to life with ease. Explore the possibilities Sora offers by visiting OpenAI's official announcement

GPT of the Week

For this week's GPT feature, discover the Project Management GPT, an AI-powered assistant designed to streamline project management tasks across any field. It offers personalised advice on risk management, team communication, creating project timelines, and resource allocation.

Dive deeper into its capabilities and see how it can transform your project management approach by visiting Project Management GPT.

What You Need to Know This Week

OpenAI has upgraded ChatGPT with memory, enabling it to remember previous interactions, thus making dialogues more coherent over time. This enhancement allows ChatGPT to build on past conversations, offering users a more personalised experience by recognizing earlier topics and questions.

The introduction of memory is a step towards more sophisticated AI interactions, aiming to replicate human-like continuity in conversations. This feature marks a significant evolution in how AI can understand and engage with users, pushing the boundaries of machine learning and natural language processing.

The Almanac of AI: New Tools in the Tech Time Machine

  • Whimsical AI Diagrams
    Whimsical introduces AI-powered diagramming, making it easier to visualise workflows, user journeys, and more with intuitive AI assistance. A creative solution for teams looking to streamline collaboration and design processes. Whimsical AI

  • Perplexity AI
    Perplexity AI is a search engine that answers queries with direct responses, aiming to make information discovery more efficient and user-friendly. Ideal for quick, accurate insights. Perplexity

  • Autotab
    Autotab offers a unique solution for managing browser tabs more efficiently, potentially enhancing productivity for users who juggle numerous tabs simultaneously. Autotab

  • NotesGPT
    NotesGPT revolutionises note-taking by converting voice notes into organised summaries and action items using AI, catering to professionals and students alike for enhanced note management. NotesGPT

Literary Time Machine: Book of the Week

"The Unicorn Project" is a novel by Gene Kim that delves into the challenges of digital transformation in the IT industry. Through the story of a developer, Maxine, the book explores the Five Ideals necessary to improve productivity and innovation within a software engineering organization. It highlights the struggles against outdated systems and processes, advocating for a culture of collaboration, experimentation, and learning to navigate the complexities of modern technology environments.

Discover more on Goodreads.

Podcasts: Must-Subscribe List

In the "Possible" podcast, Reid Hoffman, LinkedIn co-founder, and Aria Finger explore the impact of AI on work, likening AI's transformative potential to the industrial revolution. They discuss integrating AI into business processes, the importance of retraining as lifelong learning, and fostering a culture of innovation. This episode offers insights into navigating the AI-augmented future, emphasizing adaptability and continuous learning as keys to thriving in the evolving work landscape.

Watch the episode here: YouTube

Meet Project Flux: About Us

At Project Flux, we're committed to pioneering the future of construction and project delivery through the lens of cutting-edge Artificial Intelligence insights. Our vision is to be at the forefront of integrating AI into the fabric of project delivery, transforming how projects are conceptualised, planned, and executed.

About James Garner James Garner, the Senior Director at Gleeds and Global Head of Data, Insights & Analytics, is the driving force behind Project Flux. With his extensive experience in the field and a track record recognised by Data IQ 100 in 2023, James combines his expertise in data and project delivery with a passion for AI in project delivery.

Our Mission Project Flux aims to not only inform and educate but also to inspire professionals in the construction industry to embrace the transformative potential of AI. We believe in the power of AI to revolutionise project delivery, making it more efficient, predictive, and adaptable to the dynamic demands of the modern world.

What We Offer Through our insightful newsletters, curated content on LinkedIn, and engaging discussions, Project Flux serves as a resource for professionals seeking to stay ahead in their field. We offer a blend of practical advice, thought leadership, and the latest developments in AI and construction technology.

Connect with us on LinkedIn and subscribe to our newsletter for regular updates. Together, let's shape the future of construction and project delivery!