Summary of Episode 92 of Radio Bidar – Machine learning Startup

bidar.ca December 17, 2024

Summary of Episode 92 of Radio Bidar

Topic:
In this session of Radio Bidar, Mostafa Erfani, Technical Director and specialist in Artificial Intelligence and Startups, shared his experiences working in successful startups in Montreal, Canada, as well as the impact of AI on these businesses.

Key Points:

The Role of AI in Startup Development:
- Artificial intelligence accelerates the creation of MVPs (Minimum Viable Products) and prototypes.
- It optimizes and speeds up design, execution, and scaling processes for products.
- Example: During the COVID-19 pandemic, AI was used to detect symptoms and restrict access to stores.
Main Challenges of AI:
- Data: The quantity, quality, and diversity of data are crucial for training models.
- Data Protection: Compliance with international laws such as GDPR is necessary to secure user information.
- Limited Resources for Startups: High costs associated with training and running AI models (GPU and computing resources).
- Model Explainability: The ability to justify model outputs and provide clear explanations to customers and investors.
Use of AI in Retail:
- Example: Preventing theft in stores using AI.
- Personalizing services for customers based on behavioral data and analysis.
- Identifying critical paths and proposing solutions for project management.
Recommendations for Startups:
- Start Small: Use existing models to test initial ideas.
- Market Research: Analyze competitors and identify competitive advantages. The presence of competitors proves the existence of a market.
- Transparency: Provide clear explanations of how models work to customers and investors.
- Flexibility: Be ready to adjust ideas and products based on market feedback.
The Future of Jobs and AI Impact:
- AI will replace some repetitive jobs, but demand for new skills, such as prompt engineering, will grow.
- To maintain job positions, it is essential to master and use AI-based tools.

Conclusion:

Mostafa Erfani emphasized that artificial intelligence is rapidly transforming the business landscape. Startups can leverage their agility and flexibility to develop products faster. Additionally, mastering AI tools and continuously updating skills is crucial to remain competitive in the market.