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The Latest Trend In AI: What Is A Copilot?

Jan 12, 2024 - forbes.com
The article discusses the concept of "Copilots", AI-powered collaboration tools that are integrated into existing applications to enhance productivity. Copilots, built using large language models and generative AI, can handle a range of tasks from summarizing information to analyzing extensive data collections. They work alongside users, answering questions, making suggestions, and performing basic tasks, thus freeing up employees' time for more strategic work.

The article further highlights the potential impact of Copilots, suggesting they could shorten the workweek and enhance the employee's experience at work. It also differentiates Copilots from chatbots and digital assistants, stating that Copilots represent a new layer of AI advancement. The use of Copilots is expected to rise in sync with generative AI adoption and advancement, offering the potential to increase productivity and streamline work processes.

Key takeaways:

  • Copilots are collaboration tools, built using large language models and generative AI, designed to help users save time and boost productivity by handling a wide range of tasks.
  • JPMorgan CEO Jamie Dimon predicted that AI, like Copilots, could shorten the workweek to 3.5 days for the next generation entering the workforce.
  • Financial institutions are increasingly adopting Copilots for easier access to banking information, automation of tedious tasks, and improved customer service experience.
  • Copilots represent another layer of AI advancement, relying on generative AI trained by LLMs, capable of generating sophisticated answers to complex questions, automating tasks, and recommending next steps.
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