Episode 46 - 2024 AI Breakthroughs!

FundraisingAI

In this episode, Nathan and Scott discuss the rapid advancements in AI, their implications for the fundraising sector, and what you need to look out for when using newly developed technologies in general.

Nathan starts the conversation by remembering life before ChatGPT two years ago and how it became a daily sensation for everyone where people are very excited to make their lives easier with the presence of the language model. Then Nathan and Scott talk about how remarkable the rapid improvement of technology is because we happen to witness firsthand how it evolves and improves, often surpassing tasks we once struggled with just months ago.

Scott shares his take on using AI in fundraising and strongly advises people not to rely on AI when it comes to relationship building. According to him, fundraising is all about building a relationship between two people, and while all the other sections of fundraising can be augmented, building relationships must be handled carefully in person.

Nathan concludes the conversation by reminding us that as we embrace new technologies, it’s normal to feel excited and hesitant, but we must remain cautious about the power these tools give us. Just because we can use technology doesn't mean we should, especially when it could affect society in ways we haven't fully anticipated.

EPISODE HIGHLIGHTS

[02.50] ChatGPT turns 02 November this year.

[06.06] The advancement of open AI.

[09.15] What is agentic AI?

[13.03] Nurturing relationships in fundraising.

[16.42] The big announcements in the week.

[19.20] The cost changes in Open AI.

[25.18] Sora, openAI's video generation model.

[29.00] Balancing innovation, ethics, and responsibility

RESOURCES

Connect with Nathan and Scott:

LinkedIn (Nathan): linkedin.com/in/nathanchappell/

LinkedIn (Scott): linkedin.com/in/scott-rosenkrans

Website: fundraising.ai/