Pacific Islander Chamber talk touts immense possibilities of AI

Nikky Kho, CEO of Real AI Dynamics, discusses the power of using artificial intelligence at the
Utah Capitol rotunda during the Utah Pacific Islander Chamber of Commerce’s recent Pacific
Islander Business Summit and Expo.

Brice Wallace
Business Journal

By the time you read this, nearly all of Nikky Kho’s presentation at a recent business event will be outdated.

He admitted as much. And he was excited by it.

Kho, a serial entrepreneur leading ventures at Trelais Venture Studios as CEO of Real AI Dynamics, spoke about the speed of change and the immense possibilities of AI during the Utah Pacific Islander Chamber of Commerce’s Pacific Islander Business Summit and Expo at the Utah Capitol. Through a variety of demonstrations, he revealed the quick advancements in the realm of artificial intelligence.

“This is pretty good stuff,” Kho said while pointed at a video screen showing AI’s capabilities at producing content quickly. “And the cool thing is, in two weeks, what it’s doing now will be rapidly accelerated to the next level. And this is the speed of acceleration we’re seeing in the AI field.”

Every two weeks, he said, “there’s something that makes everything that we’ve just talked about today completely obsolete, which is also awesome, because that means the speed of the productivity is just there.”

While some of the details of those demonstrations may have changed, Kho and Brenna Wilkinson, CEO of Yedding LLC, stressed that the potential of AI remains in place.

AI, Wilkinson said, will allow people to automate mundane tasks in life, including in business, “so you can focus on higher-level items.” It has the potential to significantly transform industries, improve quality of life and address global challenges, she said.

“The thing about AI is that it allows our society to get to the next level instead of having to do the mundane things that we don’t necessarily want to do, so what are we really worried about?” she asked. “Are we worried about getting better?”

With tools that are free or very inexpensive, AI can transform a person’s business, career, personal and family life, Kho said. It can help a business owner “increase productivity, make more money, lower your stress and increase your energy,” he said.

Using AI, a business owner can speed up the production of marketing materials, social media content, white papers, PowerPoint presentations, commercials, videos and websites, he said. In human resources alone, it can quickly create job descriptions, evaluate job applicants’ quality, produce score sheets and budgets, and provide resume analysis.

If, without AI, job-screening 150 people takes a week, with AI it can be shrunk to 15 minutes.

“That’s 200X productivity,” Kho said. “If it’s three months [of people working], that’s 2,400X productivity. Nowhere in the history of mankind have we seen such possibility for productivity, and imagine doing that for sales for your business. Imagine doing that for your marketing, to have higher-quality leads. Imaging doing that on finance and giving you budgets and optimizing what you need to do, step-by-step. That is the power of AI.”

Just typing in a few prompts and answering questions can produce a new-business plan, an executive summary, a budget and an analysis of its opportunity to succeed. A business owner can write a book in less than five minutes, making them an expert in their niche, Kho said.

“I’m so excited about this, because with AI, you can rapidly iterate so many different things,” he said.

Kho charged the audience members to consider 10 “low-hanging fruit” of their businesses that could be transformed using AI. “I don’t care how much you learn; what I want you to do is think about how you’re going to utilize it,” he said.

None of those AI tasks will require the user to know computer coding, and creative elements will also require humans to “be a part of the AI puzzle,” he said. For media generation, authoring books, creating articles and marketing materials, “all of that stuff still requires your editorial feedback,” he added.

Kho acknowledged that AI can skew a learning curve, which traditionally has involved four years of college followed by 40 years of gaining mastery over a career.

“People do not want change,” he said. “Change is scary, but if you do accept change and you trust the process, you’ll realize that you can have way more value in society. … AI will transform the world for good, our GDP will be trillions of dollars more in terms of a higher value, people will be happier, and we just have to trust that’s what’s going on.”

With the theme “Unlock Innovation and Collaboration for Growth and Success,” the chamber’s summit featured other sessions about philanthropy, health care, contracting and procurement, fashion and beauty, investments, the leveraging of data, airline industry career opportunities, and global competence and cross-cultural knowledge.