How AI Changes What You Will Be Doing at Work

Get better acquainted with the numbers 70 and 30

Author

Peter Juel Jensen
April 12, 2024

Pioneer AI: Checking the Nordic AI Pulse.
Welcome to 2024’s 14th edition of The Nordic AI Pulse, the weekly newsletter from Pioneer AI, a Nordic-focused AI investment fund. Dive in for a roundup of AI news, deals, and insights covering the Nordic region.

📚 In This Issue:

  1. How AI Changes What You Will Be Doing at Work

  2. Nordic News Roundup

  3. Cool Tools and Companies

  4. Please “Steal” This Startup Idea

  5. Nordic AI Funding News

  6. Podcast Insights

  7. Upcoming: Nordic AI Events You Shouldn't Miss

Pioneer Insights

How AI Changes What You Will Be Doing at Work

To consider artificial intelligence (AI) as just another tool completely misses the point.

It invites us to transform our mindset and view of work and expertise.

One area where this applies is what you could call the 70-30 rule.

One of AI’s core abilities is to change how many tasks are performed. Some that used to be time-consuming can be automated. Others can be solved much more effectively.

AI can help you complete 70% of a task much faster.

This shift means we can better focus human resources - especially those of expensive experts. They can spend more time and energy on the most complex and valuable 30% of tasks where human insight and creativity really come into their own.

This change in task distribution can potentially lead to huge gains in efficiency and innovation across organisations. But such a transformation does not happen by itself.

Investing in training is critical to harnessing AI's full potential and avoiding the trap of generic or irrelevant output. Employees at all levels must learn not only to use AI tools effectively but also to understand when and how human intervention creates the most value.

It's not just about using AI as an advanced spreadsheet; it's about integrating the technology into our work processes to enhance our natural abilities and free us to focus on what humans do best: thinking creatively and solving complex problems.

What do you think of our ideas about the 70-30 principle and AI? Let us know via email or contact us on the Pioneer AI LinkedIn page here. 

🎙Nordic News Roundup

  • A Danish hospital has deployed AI in the treatment of colon cancer with strong results. [DK] (Denmark’s Radio)

  • Norway’s government seems to be mulling a solution that would create an AI content branding solution. [NO] (Dataforeningen)

  • Many Danish companies remain stuck at the starting line where AI is concerned, a new study finds. [DK] (Dansk Erhverv)

  • Are we headed into the year of everyone getting their own AI-powered personal co-pilot that will follow us everywhere? [SE] (DI)

  • AI is helping this Norwegian blind woman see. [NO] (NRK)

  • More and more Danes are asking AI for help with planning their holidays. [DK] (Lyd og Billede)

  • The latest AI models speak Norwegian “almost as well as a human.” [NO] (Forskning)

  • The next “person” to interview you for a job might be an AI. [DK] (Mobilsiden)

  • AI is reading children’s literature to identify stereotypes. [SE] (GP)

  • Scientists at Copenhagen University have created a “recipe book” for ways to create less energy-intensive AI models. [DK] (Ritzau)

🛠️ Cool Tools & Companies

  • Resilience IQ from Norway offers AI-powered intelligence solutions for CxO and PE/VC deal professionals.

  • Navian from Sweden unlocks real estate opportunities through AI.

  • Sniffie Software from Finland provides AI-powered e-commerce insights.

  • Muninn from Denmark empowers companies to protect their critical digital assets and infrastructures from cyber-criminals with AI-powered cybersecurity solutions.

Do you know cool tools or companies we should feature in the newsletter? Let us know!

💵Please “Steal” This Startup Idea

We would love to see someone build the following (and if you do, we might invest in you):

Introducing ELoquentLY (ELLY), the AI-driven speaking assistant designed to transform your public speaking and presentation skills. Through personalized feedback and actionable insights, ELLY enhances your delivery, content clarity, and overall confidence. AI algorithms that understand the nuances of effective communication and offer tailored advice for continuous improvement form part of the business moat. Over time, ELLY can expand services to include real-life coaching to complement the AI solutions and community-driven learning modules.

🚀AI Funding News

Select Nordic AI companies that have raised funds in recent months:

Congratulations to all of the founders and teams!

Pioneer AI’s top Nordic AI funding insights and highlights:

🎧 Listen To

  • Prompt [DK] - looks at the likely outcomes if we start training AI models on synthetic data.

  • In Good Company - the Norwegian Wealth Fund’s podcast talks to Joe Tsai, founder of Alibaba, including about his views on AI.

  • AI Sweden Podcast [SE] - explores how AI could and should be used in public welfare and healthcare.

📅 Training, Meetups & Conferences

Conferences

  • 24-25 April (2024): Data Innovation Summit: One of the most influential Nordic events on data, analytics and AI. [Stockholm, Sweden]

  • April 25: Applied AI Nordics: Leading Nordic AI conference. This year’s focus is on how to move from opportunistic to strategic AI. [Copenhagen, Denmark]

  • April 27-28: SAIM 2024: Conference for sharing knowledge and results in theory, methodology and applications of Artificial Intelligence, Soft Computing, and Machine Learning. [Copenhagen, Denmark]

  • May 6-8: Quantum Computing and AI 2024: International quantum computing and AI applications workshop. [Copenhagen, Denmark]

  • May 14-16: Vitalis: Conference on e-health, welfare technology, and innovation, including within AI. [Gothenberg, Sweden]

  • May 15-17: DevSum 20: International conference exploring the latest trends and technologies within development. [Stockholm, Sweden]

  • May 24-26: ICMLT 9: The Ninth International Conference on Machine Learning Technologies is a forum for exchanges on current challenges in the machine learning field. [Oslo, Norway]

  • June 10-11: SCAI Symposium 2024: The 14th Scandinavian conference on AI (SCAI) that brings together AI researchers and practitioners to present and discuss ongoing AI work and future trends. [Jonkøping, Sweden]

  • June 10-14: HHAI 2024: The third international Hybrid Human Artificial Intelligence conference exploring AI systems that cooperate synergistically, proactively, and purposefully with humans. [Malmø, Sweden]

  • June 14: Symposium on AI Opportunities and Challenges: An online symposium bringing together AI thought leaders to explore the current state of AI applications across society [Sweden - Online].

  • July 18-19: ICAIAE 2024: Scientific conference for exchanging and sharing experiences and results of using AI for education. [Copenhagen, Denmark]

  • August 20-23: Robophilosophy Conference 2024: Social robots with AI: prospects, risks, and responsible methods. [Aarhus, Denmark]

  • October 14-18: Process Mining Conference 2024: Industry and scientific conference on process mining. [Copenhagen, Denmark]

  • October 18: IMA AI Conference: The 50th International Management Assistants Conference will examine the state of the industry and potential disruptions by AI. [Stockholm, Sweden]

  • October 21-22: Nordic AI Meet: Symposium early-career AI researchers to network, collaborate, exchange ideas, and form a Nordic approach to building AI solutions for the societal good. [Helsinki, Finland]

  • October 21-23: D3A: The Danish Digitalization, Data Science and AI brings together a diverse audience to explore the latest trends and research in AI. [Nyborg, Denmark]

Meetups

Do you know an event, meetup or similar that you think should be on the list? Let me know!

Got an AI story or insight from the Nordics? Share it with me!

Reply to this email or connect on LinkedIn.

Until next time,

Pioneer Venture AI,