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Lighthouse of the Big Picture of the Digital Age
The “Positive Disruption: Transformation Revolution” has accelerated
The "Positive Disruption: AI Revolution" has accelerated
The "Positive Disruption: The Personal Digital Transformation (PDT)" is accelerating
The "Negative Disruption: The Disruption of the World Order" was consolidated in 2022
genioux Foundational Fact:
Investment in generative AI is on the rise as businesses anticipate the potential for AI to revolutionize the way products are brought to market. Major advertisers like Nestle and Unilever are rapidly experimenting with generative AI tools such as ChatGPT and DALL-E in an effort to reduce costs and increase productivity, according to company executives. However, despite the promise of generative AI, companies remain cautious about potential risks related to security, copyright, and algorithmic bias. As a result, complete automation remains elusive, and businesses continue to rely on human oversight as they navigate the frontiers of AI technology.
genioux Facts:
This lighthouse assembles a block of 10 insightful facts from the golden knowledge Reuters article “From Mad Men to machines? Big advertisers shift to AI”, authored by Richa Naidu and Martin Coulter.
genioux Fact 1: While the question of whether generative AI exhibits true creativity remains an open debate, advertisers have plowed ahead in adopting the technology for promotional content. Lawmakers and philosophers continue wrestling with definitional quandaries as generative models proliferate across industries.
genioux Fact 2: Major advertisers like Nestle and Unilever are rapidly experimenting with generative AI tools such as ChatGPT and DALL-E to reduce costs and boost productivity, according to executives. The adoption mirrors the technology's explosion across industries as businesses race to capitalize on its commercial potential.
genioux Fact 3: Despite generative AI's promise, companies harbor wariness around security, copyright, and algorithmic bias risks. The need for ongoing human oversight means complete automation remains elusive, as businesses cautiously navigate AI's frontiers, alert to its present perils.
genioux Fact 4: Marketing teams hope that generative AI will result in cheaper, faster, and virtually limitless ways to advertise products.
genioux Fact 5: Investment in generative AI is ramping up as businesses anticipate that AI could permanently change the way advertisers bring products to market.
genioux Fact 6: WPP and brands like Nestlé are pioneering the use of generative AI in advertising, with CEO Mark Read citing 10-20x savings from virtual production. A Cadbury campaign in India enabled 130,000 personalized ads for 2,000 stores using AI, gaining 94 million views. However, there are also ethical risks associated with the use of generative AI in advertising, such as the potential for bias and the creation of fake content.
genioux Fact 7: WPP is investing in the future of advertising by training young people in AI and partnering with the University of Oxford to offer courses on the future of marketing.
genioux Fact 8: Nestle, the world’s largest food and beverage company, is exploring innovative ways to market its products using advanced AI technologies. Aude Gandon, Nestle’s Global Chief Marketing Officer and a former Google executive, revealed in an emailed statement that the company is working on incorporating ChatGPT 4.0 and Dall-E 2 into its marketing strategies.
genioux Fact 9: Unilever, a multinational consumer goods company that owns over 400 brands, including Dove soap and Ben & Jerry’s ice cream, is utilizing the power of generative AI technology to enhance its marketing efforts. The company has developed its own AI technology that can generate product descriptions for retailers’ websites and digital commerce sites.
genioux Fact 10: Unilever and Nestle are concerned about the ethical risks of using generative AI in advertising, such as copyright infringement, privacy breaches, and the potential for bias.
REFERENCES
Richa Naidu and Martin Coulter, From Mad Men to machines? Big advertisers shift to AI, Reuters, August 18, 2023.
ABOUT THE AUTHORS
Richa Naidu
Thomson Reuters
London-based reporter covering retail and consumer goods, analysing trends including coverage of supply chains, advertising strategies, corporate governance, sustainability, politics and regulation. Previously wrote about U.S. based retailers, major financial institutions and covered the Tokyo 2020 Olympic Games.
Martin Coulter
Thomson Reuters
Bing Chatbot wrote a short biography of Martin Coulter.
Martin Coulter is a European Technology Correspondent for Reuters, based in London1. Prior to joining Reuters, Coulter worked at Insider, where he primarily covered Google for three years. During his time at Insider, he broke stories on the company’s fast-growing cloud business and revealed allegations of bullying inside the firm’s AI division Deepmind2. Coulter has a focus on artificial intelligence and cybersecurity, and also reports on other parts of the technology industry including venture capital, disinformation, and regulation3. 😊
Extra-condensed knowledge
Bard's Review of the Post: Generative AI in Marketing
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Claude's Review of the Post
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g-f(2)1254 The Juice of Golden Knowledge
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- The "Positive Disruption: AI Revolution" has accelerated
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- The Lighthouse of Marketing in the New World: Brilliant Responsible AI and Human Oversight
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