More businesses aiming to use AI to boost revenue, productivity, as concerns remain over accuracy, regulation

Many of the organisations at the summit shared notes about how they use AI to make their work more efficient, with a crucial part being how to best manage and use the data they own.

One approach is to train their own large language models, which form the backbone of generative AI similar to the likes of ChatGPT, but with data sources from within an organisation itself.

Such an approach has already made its way into professional sports such as baseball, where teams constantly collect video and other data sources. 

Mr Alexander Booth, assistant director of research and development at Major League Baseball team Texas Rangers, told CNA: “We have 12 cameras set up in the ballpark that are all using computer vision models to create a rendering and skeleton of all the players.”

This lets the team understand exactly how each player moves, how they are throwing the ball, and how they swing their bats at the ball, he said.