EP 241: Want to ban AI? Be prepared to shut down.

Is your company banning AI? If so, they should prepare to shut down. When ChatGPT started the GenAI wave about 18 months ago, so many companies, enterprises, and universities made brash decisions. Instead of understanding it and using it to grow, they banned it. Here's why that's wrong.Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageLearn more in today's newsletterJoin the discussion: Ask Jordan questions on AIRelated Episodes:Ep 197: 5 Simple Steps to Start Using GenAI at Your Business TodayEp 200: 200 Facts, Stats, and Hot Takes About GenAI – Celebrating 200 EpisodesUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: [email protected] with Jordan on LinkedInTimestamps:02:30 Daily AI news07:40 Banning AI? Company will fail.11:18 Banning generative AI is like banning the Internet.14:53 Companies followed JPMorgan in banning generative AI.18:12 Need to embrace generative AI, prioritize security.21:28 Trust employees with internet, extend trust to AI.24:23 85% boost in productivity, embrace data security.30:51 Industry giants will be overtaken by younger competitors.Topics Covered in This Episode:1. Consequences of Banning Generative AI2. Importance of Adapting to New Technologies3. Generative AI and Data Security4. AI Legal Implications and Regulatory Compliance5. Productivity Benefits and Risks of AIKeywords:Everyday AI, consequences of banning generative AI, failure of companies, industry concerns, sensitive data concerns, innovation, Blockbuster, Blackberry, Sears, technological changes, AI implementation, AI strategy, fear of generative AI, embrace generative AI, data security measures, cloud storage, email, misinformation, intellectual property issues, legal implications, regulatory compliance, productivity benefits, adaptation, VHS and DVD companies, online shopping, bankruptcy, Cisco Data Privacy Benchmark Study, restriction on generative AI, ChatGPT.Send Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Start Here ▶️Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com Also, here's a link to the entire series on a Spotify playlist.