Practical Product Ep 10: ChatGPT and AI: The latest applications and what they mean for PMs feat Lazar Stojkovic

Are you following what’s happening in the world of AI? Have you been asking questions of ChatGPT and trying out the various text to image AIs?

Whether you are new to the field of AI, or an eager follower, you’re going to love this episode of Practical Product.

In this episode, my good friend and fellow product-minded founder, Lazar Stojkovic talk about all the exciting things we’re seeing in AI. We talk about what we’ve liked and not liked, the controversies and opportunities, and most importantly, what every PM should be doing to think through using AI in their job, and at their company going forward.

The most exciting developments in AI + what product leaders need to be thinking about

On this episode, we dive deep into the latest developments in AI. Lazar and I have both spent a bunch of time trying various AI powered tools, so we’re able to provide a realistic evaluation of them, and help point you to the best ones to check out.

We also tackle the most important questions for you as a product manager and leader:

  • What should PMs do to prepare for a world with AI?
  • How can PMs get their teams involved in discussions about AI?

Highlights of the episode include discussing:

  • (1:09) – Introducing Lazar
  • (3:05) – Thoughts on ChatGPT
  • (8:19) – Is AI actually taking people’s jobs?
  • (18:44) – The pictorial side of  AI
  • (30:31) – 10x-ing AI, applications and potential negative outcomes
  • (46:27) – What to look forward to with AI
  • (53:44) – How will the costs of AI impact pricing and how you can use them in your product?
  • (57:51) – How should Product Managers be thinking about AI in their products?
  • (1:21:12) – What could the future of AI may look like?

Key Show Notes & Further Reading:

We covered a lot of ground in this episode, so we have a ton of links for you to check out.

The AI basics:

  • ChatGPT – A chat based system by OpenAI that can provide written answers from a text-based prompt
  • GPT-3 API – An API by OpenAI that allows you to bring GPT into your product or service.
  • Replicate – Open source cloud API for running AI models
  • Lore AI Newsletter – A free newsletter discussing business and creative applications for AI

Tweets and Threads on AI discussed:

Articles and Blog Posts about AI:

Examples of AI tools you can try:

Learn more and connect with Lazar Stojkovic

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