Can AI be used in business?

I’ve been joking about setting up a firm called Creative Accounting. Today, an even better name is Hallucinating Finance Ltd.

As a CEO, you have to sign in ink, not in blood, that your books are in maintained in a proper order. The question is he or she would trust a AI engine based on LLM to prepare the annual report.

When coding, every bit counts, and when wrong, you are introducing nasty bugs. If you or other developers don’t understand the code, you need you need to re-write that part from scratch.

The main question is then when AI can bring benefits to our work? Let’s go to another stage.

In audio production, AI has been present for several years. First used to clean up audio, shaping the sound with filters and now to assist in mixing the different tracks.

With photos and videos, AI is used for cleaning up images and removal of unwanted objects. Coming up next is color correction and creative adjustments.

Creating content with AI, either writing stories or creating images is now done in a breath with AI.

ChatGPT, Stable diffusion and Mid-journey are your tools.

The caveat is that creative copyright is only granted to humans, not computers. In essence this means that you can use it for testing ideas and draft sketches, not the final piece if you want to earn money.

What’s in common for all these examples?

My take is that when the output is subjective good enough, then AI-assisted tools are already of good use. When we are working with law, finance or engineering, and the expectation is correctness, hallucinations are out of question, and today’s AI-tools are not fit for purposes.