My next guest, artificial intelligence (AI) expert Lomit Patel, has had deep experience in Silicon Valley, growing businesses that eventually got acquired, with his recent venture, IMVU, uses AI to provide tremendous cost-savings in the social media space.
So, what does the role of intuition have when it comes to AI? Intuition clearly has a very pivotal role, and Lomit talks about how leveraging intuition is an essential precursor before implementing any AI application.
Timestamps
- 01:35 - lntroduction
- 04:27 - Lomit introduces himself
- 05:35 - His definition of intuition
- 06:57 - His intuitive signals when trusting intuition
- 08:48 - His intuitive signals when ignoring intuition
- 10:09 - His first intuitive experience when young
- 12:55 - Intuition comes down to trusting himself
- 16:33 - The effect of Covid-19
- 23:02 - The importance of relationships
- 29:08 - Your brand is your reputation
- 30:34 - Establishing an emotional connection with customers
- 33:30 - Managing creativity over time
- 36:51 - Leveraging user-generated content
- 38:06 - Intuition helping in creating new content
- 39:04 - Testing a customer's ideas
- 42:20 - The AI machine that IMVU uses
- 47:09 - What inspired Lomit to write "Lean AI"
- 51:55 - Using intuition to remove risk in emotional decisions
- 53:36 - Do we still need people with AI?
- 55:14 - You need intuition before any AI application
- 56:34 - Getting in touch with Lomit
- 58:19 - Conclusion
