Jason Foodman, an experienced fintech executive and strategic advisor at Oxzeon, has a passion for AI dating back to his Master’s thesis. He believes that AI is a powerful tool that can be used in various ways to improve human experiences and solve real-world problems. However, he also cautions that there are instances when AI should be used with caution or avoided altogether.
One example of a situation where caution is advised is replying to posts on LinkedIn using AI-generated responses. While automation tools can help individuals boost their engagement on social media platforms, it is often apparent when replies are created by AI. Foodman shares an anecdote about a group of individuals who used AI to generate responses on a venture capitalist’s post, only to be publicly embarrassed and shamed by other users for their generic and robotic-sounding replies.
Another area where caution is necessary is in communicating expertise. While AI can assist in generating ideas or summaries of work, it is important for individuals to be the ones sharing their opinions and expertise, rather than relying on a machine. AI lacks emotion, bias, and personal history, making it unsuitable for effectively communicating an individual’s unique perspective.
For moral and medical decisions, Foodman emphasizes the importance of not relying solely on AI. While AI can provide valuable insights and information, it does not consider morals, ethics, or emotions in its decision-making process. In fields like medicine, where human input and careful application of AI are crucial, it is essential to use caution and not solely rely on AI-generated data for critical decisions.
While AI has many benefits and can be used creatively and effectively in various industries, Foodman warns that there have also been missteps in its application. It is important for individuals and businesses to be thoughtful about how and where they employ AI technology, as without caution, it can potentially be dangerous. By approaching the use of AI with a degree of caution and careful consideration, it can be a valuable tool for driving innovation and improving outcomes in a variety of contexts.
The Forbes Business Council, of which Foodman is a member, is a leading organization for business owners and leaders seeking growth and networking opportunities. Foodman’s expertise in the fintech industry and his passion for AI make him a valuable resource for those looking to navigate the complexities of using AI in their business ventures. Ultimately, the proper application of AI can lead to significant advancements and improvements in various fields, but caution and careful consideration are essential in ensuring its success and effectiveness.
