Caveminds Podcast

#07: How Retrieval Augmented Generation (RAG) work and how can businesses leverage it

October 24, 2023 Andrew Amann Season 1 Episode 7
#07: How Retrieval Augmented Generation (RAG) work and how can businesses leverage it
Caveminds Podcast
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Caveminds Podcast
#07: How Retrieval Augmented Generation (RAG) work and how can businesses leverage it
Oct 24, 2023 Season 1 Episode 7
Andrew Amann

In one of our most interesting conversations so far, Andrew and Ben delve deep into the realm of Retrieval Augmented Generation (RAG), what tangible impact on businesses will have and what steps they should consider. 

In a nutshell: you either own your knowledge on the Internet and profit from it now, or it's gonna be too late soon.

As the discussion unfolds, we explore the shift from Generative to Interactive AI, the crucial decision-making process of integrating AI, the balance between commoditization and uniqueness of AI models, and the importance of transparency and collective opinion in shaping AI's future.


TIMESTAMPS:

00:37 - RAG Explained

09:57 - RAG Impact on businesses

11:50 - What should businesses be doing

16:09 - The gap between promise and technology

23:00 - From Generative to Interactive AI

27:58 - RAG products being built

30:23 - Plugging in RAG databases in your company

36:13 - Who should be incorporating AI and who shouldn’t

46:53 - Commoditization vs uniqueness of AI models

49:47 - Transparency and influence of collective opinion​​



RESOURCES MENTIONED:

https://www.ninetwothree.co/

https://caveminds.beehiiv.com/p/prompt-engineering-ai-reskilling

https://caveminds.beehiiv.com/p/ai-hallucinations

https://www.technologyreview.com/2023/09/15/1079624/deepmind-inflection-generative-ai-whats-next-mustafa-suleyman/

https://www.linkedin.com/posts/kevin-klyman_publication-alert-how-transparent-are-activity-7120468142539116544-6_AL?utm_source=share&utm_medium=member_desktop

_____________

Tired of having the 30,000 ft view of AI without real application for your business?

We can get into the trenches with AI today and:
- Automate Repetitive Work and Scale
- Cut Out Human Error and Delays
- Save $100,000s in annual costs with AI

Claim a free Mini AI Audit or book an AI Automation Discovery Session with us:

https://www.caveminds.com/ai-automation
https://www.caveminds.com/ai-audit

_____________

Get the Exclusive Guide of this episode and all our previous ones, with full detail on the founder's strategies, mental models and frameworks, expert commentary, and much more benefits by joining our premium community at https://caveminds.com/membership.

_____________

Help us reach new founders by leaving us a rating and review on Apple Podcasts and Spotify!
It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all!
Thank you – we really appreciate it!

Follow us for more unique content on:

https://caveminds.beehiiv.com/
https://www.linkedin.com/company/caveminds/
https://twitter.com/caveminds
https://instagram.com/cavemindsai
https://www.youtube.com/@caveminds

Show Notes

In one of our most interesting conversations so far, Andrew and Ben delve deep into the realm of Retrieval Augmented Generation (RAG), what tangible impact on businesses will have and what steps they should consider. 

In a nutshell: you either own your knowledge on the Internet and profit from it now, or it's gonna be too late soon.

As the discussion unfolds, we explore the shift from Generative to Interactive AI, the crucial decision-making process of integrating AI, the balance between commoditization and uniqueness of AI models, and the importance of transparency and collective opinion in shaping AI's future.


TIMESTAMPS:

00:37 - RAG Explained

09:57 - RAG Impact on businesses

11:50 - What should businesses be doing

16:09 - The gap between promise and technology

23:00 - From Generative to Interactive AI

27:58 - RAG products being built

30:23 - Plugging in RAG databases in your company

36:13 - Who should be incorporating AI and who shouldn’t

46:53 - Commoditization vs uniqueness of AI models

49:47 - Transparency and influence of collective opinion​​



RESOURCES MENTIONED:

https://www.ninetwothree.co/

https://caveminds.beehiiv.com/p/prompt-engineering-ai-reskilling

https://caveminds.beehiiv.com/p/ai-hallucinations

https://www.technologyreview.com/2023/09/15/1079624/deepmind-inflection-generative-ai-whats-next-mustafa-suleyman/

https://www.linkedin.com/posts/kevin-klyman_publication-alert-how-transparent-are-activity-7120468142539116544-6_AL?utm_source=share&utm_medium=member_desktop

_____________

Tired of having the 30,000 ft view of AI without real application for your business?

We can get into the trenches with AI today and:
- Automate Repetitive Work and Scale
- Cut Out Human Error and Delays
- Save $100,000s in annual costs with AI

Claim a free Mini AI Audit or book an AI Automation Discovery Session with us:

https://www.caveminds.com/ai-automation
https://www.caveminds.com/ai-audit

_____________

Get the Exclusive Guide of this episode and all our previous ones, with full detail on the founder's strategies, mental models and frameworks, expert commentary, and much more benefits by joining our premium community at https://caveminds.com/membership.

_____________

Help us reach new founders by leaving us a rating and review on Apple Podcasts and Spotify!
It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all!
Thank you – we really appreciate it!

Follow us for more unique content on:

https://caveminds.beehiiv.com/
https://www.linkedin.com/company/caveminds/
https://twitter.com/caveminds
https://instagram.com/cavemindsai
https://www.youtube.com/@caveminds