Dr. Darryl Williams
Appearances
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
HeartSoul was specifically created to nurture and to grow these supply chain algorithms with the desire of helping businesses that are engaged in existential issues. Now, when I created this back in 2007, I had no way to even begin to understand that there would be something called COVID. And so when COVID hit,
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
and all the global supply chains unraveled at the same time, I was confronted with the opportunity to move from a bespoke boutique company to a multinational global company by applying true artificial intelligence to these algorithms. And we did, and the rest is history.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Sure. So originally, the pain point was fidelity and depth. Most individuals only know their supply chains, maybe two levels. They might know who their sub is, but they really don't know who their sub sub is. And so when it comes to supply chain, cost of units sold, efficiencies, only knowing two levels limits a company.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
And so that was the original pain point that these algorithms were designed to handle. That is the depth and the breadth of a supply chain with impeccable accuracy. Once COVID hit and we then applied artificial intelligence to these algorithms, we realized that we had a third dynamic, and that is speed. And so our pain points that we are addressing right now is accuracy and speed.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Accuracy because that's an existential problem. If you are trying to reconstruct a supply chain or if you're in a legal firm and you're trying to make a deposition and you are 90% accurate, your reputation as a law firm is going to collapse and that becomes existential.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Speed, because if you're turning away customers because you cannot address them fast enough, then you're watching revenue run out the window. In the case of banking, which we'll talk about in a minute if we get to that area of particular niches, know your customer. The typical multinational bank takes about five weeks to conduct a know your customer on a high net worth individual.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
These type of individuals don't like to wait five weeks. Right now we are deeper than anyone else in existence. And it takes us between 15 and 35 minutes to conduct the same know your customer. So accuracy and speed is a niche that we have complete control over.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Sure. So we have, we have, discovered that there are four basic niches or verticals where accuracy and speed are existential. There are other verticals and niches where you want to have accuracy, but if your accuracy is... say 98%, then okay, you can live with it. But there's four of them where 100% accuracy must be 100% of the time. That, of course, is government with national security.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
You cannot operate in a 90% accurate range and expect your country and your services to exist. Banking. Banking is completely... predominantly governed by lack of vulnerability in the system. If all of a sudden you're finding out that you're letting someone get a loan with your customer that should be getting one, all that we have to do is look at FTX in the Bahamas.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
It could collapse a whole industry. So accuracy and speed, legal. We have found situations with customers coming to us that are in the legal field where they have used generative AI to help prepare legal briefs. And as the judge is reading through the brief, he's finding that the generative AI is actually creating case law. That is not a way to endear yourself to that particular judge.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
And the last thing is health care. If you're going to a remote type of surgery and you're about to go under the knife and they come up to you and say, we're going to be doing remote surgery and we have about an 80% accuracy rate between the doctor and the robot that's doing it, nobody in existence would go under the knife.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
So those are the four verticals that we are focusing all of our attention on at this point is the government, banking, legal, and healthcare.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Sure. So for the so for the legal. The whole idea of legal is speed of discovery. In the case of a high-dollar patent infringement case, which I can't go into the actual customer, that particular Fortune 50 company was under a lawsuit. Well, now you're talking about rooms full of data that
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
where the very nature or the very success of that case could be predicated on where is the comma in a sentence. Right now, the present way of doing it is that legal firm has to go out and hire scores of associates to manually read through all of that information. They can't turn it over to generative AI because of a 90% error at best.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
With our system, we were able to ingest all of that data and come up with that particular situation. And it resulted in one of the largest pre-verdict settlements in a particular state's history. And what we were able to do in a matter of a day or two, they would still be reading through all of that evidence. In the case of banking, it's the know your customer.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
It is an individual, two situations, both are Fortune 50 banks. One bank turned away an extremely high net worth individual because their credit came back bad. We were asked to take a look at it. We found that that lady's credit was actually very good. Problem with every other tool is that it took five people with her name, put them all together into one person and said that she was bad.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Another instance was an individual that everyone said was good. And we found that it was an individual under sanctions, under criminal indictment that was let go because they were able to hide themselves in global flows of data. So accuracy and speed are critical.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Absolutely. Thank you, Scott. As previously stated, I'm the founder and CEO and even the chief scientist of PartSol. It was a company that I created back in 2007. It was specifically looking at supply chain, at supply chain assurance. with the idea that everything in the world is indelibly linked to a supply chain.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Probably the best way at this point. Our software, our production software will be released on the 31st of March. Now, we're already being used by scores of Fortune 50, Fortune 100 companies. We already are standing up an office in Dublin, Ireland with customers also in Portugal and the Bahamas and Europe. UAE and others. So we are releasing our beta.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
The best way right now is to go through our website. There is a contact sheet there. Just go ahead and put your stuff there and you will immediately be connected with one of our sales or technicians that will help to start the process moving.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Yeah, the release in March is our software is called Atai. It sounds pretty cool being an individual that used to do a lot of gaming, but Atai is actually an acronym for Absolute Truth AI. It is the epitome of the next generation AI that is 100% accurate 100% of the time.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
It gets released commercially for the legal verticals, the banking verticals, the health care verticals, and the government verticals on the 31st of March. That is not going to be the end state for development because development is going to continue to move forward to make things even faster and more expansive.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
But the thing really that's making me excited now is that we're finally getting to the point in AI where we have cut through all of the euphoria and now are starting to ask the harder questions. I mean, everyone is enraptured by an open AI that has a $150 billion valuation. We have a meta. Even in the Chinese, we have Beidou. And all of them have been just soaring on all of this AI hype.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Well, now the hype is starting to peak. And these with huge valuations are looking and seeing that they haven't monetized anything. So now the really hard questions are being asked. How accurate is it? And how fast is it? And when they start asking questions like that, it's all about solution versus size and hype.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
So that gives opportunities for companies the size of Partsol to leapfrog ahead of the bigs and actually start showing solution without cutting through all this hype.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
You're absolutely correct, Scott. And that's what we're seeing. We've tried and we have succeeded in entering the markets the united states but the united states is so saturated with ai hype it is very very difficult for a uh a company like partsol that's a mid-sized company so we're finding that there are actually countries the bahamas portugal ireland
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
many of them that are not of the GDP of the United States that are tired of these massive behemoths coming in and selling them goods that don't work. They want to partner with a mid-sized company that will grow as they grow. And so we're finding better success
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
We could talk about things like moving a widget from point A to point B, but in reality, everything is. A virus has a supply chain, an attack, a cyber attack has a supply chain, an individual has a supply chain. And once you're able to map those with a certain level of fidelity, then you're able to actually conduct predictive analytics. And so
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
actually oversees, especially now that we can structure ourselves and be certified under the data laws with GDPR, and then that then whiplashes back into the United States. It's a shame to be able to say that, but in reality, the United States is saturated right now with AI hype, whereas the smaller countries are needing the solution, not the hype.
Becker Private Equity & Business Podcast
Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
Thank you, Scott.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So it's very good at going in and determining where the proper placement, but really what we're seeing, which is making me extremely excited,
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
is that um if you go to our website you'll see that that i discovered this uh new capability in ai called ai stem cells and with those ai stem cells it is uh we're not going to go too much into it because we haven't finished the patent yet on it but with ai stem cells it takes supply chains back to their basic science
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And then instead of deconstructing the supply chain, we're allowing the AI to construct the supply chain. So for example, with our proof of concept, we took cellular biology and microbiology and grew those out. from their basic science stem cell, and we got to our 25th iteration, we had our first aberration, which was cancer.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So now we can now map back all the threads, and that gives you everything that's known to man as to how cancer forms, but now there's threads above it and below it, and the idea is, is if we can get ahold of a supercomputer, one of those actually is either the earlier detection of cancer, or the complete eradication of cancer.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And that's just one instance that we proved out, but also pharma is coming to us. So it's really exciting of what we're seeing.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
We had to take a different sales approach. The typical sales approach is go into the middle market and work your way up until you find a decision maker. It did not work. We tried it. It did not work. It failed miserably because we found that every layer that we went up didn't believe what they were seeing, and it became crazy.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So we found that if we went out and we hired influencers in certain verticals, They could go directly to the CEO. They're vouching for us to the CEO. And when you sit down CEO to CEO with an influencer right next to you and you ask a simple question, what keeps you awake at night?
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
I guarantee you every CEO in the world has something that keeps them awake at night, but they cannot articulate it because it shows vulnerability. It's going to affect the shares. But when you sit down and say, what keeps you awake at night? And then solve that for them. You have a devotee for the rest of your existence. That's the only way you can sell something like this at this point.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And then when I retired in 2007, I was asked by the government but also the private sector to continue this line of work. but it was very bespoke. The technology was just starting to emerge. And so doing four tasks per month, but then when COVID hit and all the global supply chains unraveled at the same time, we appear to be the only ones left standing.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
I have two things. One is the AI stem cells, which is fabulous. The other one is the supply chain as a whole. Georgetown just came out with a great – a great document where they did a test and they found that less than 2% of every manufacturing company in existence, less than 2% knows deeper than two levels of their supply chain.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so since we go far, far deeper than two levels, we are finding that
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
whole world is open and so um as a proof of concept we are looking at commodities because we have the ability now of looking at multiple commodities multiple levels of depth from each commodity and predicting activity in that commodity 12 months in advance we know there's a way of making money with that but we don't have a lick of understanding of what it is we're doing
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So that's just some of the stuff that I put on my chief scientist hat. We just start delving into neat areas that we can use AI.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, the... Primary misconception is that AI is the solution to any problem you may have. There is this thinking that, because I see it numerous times with business pitch decks, is that if they have an issue, if they just sprinkle a little bit of AI on that, that first of all, what that'll do, that'll give them about six months
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
of uh leeway from their shareholders because it looks like they're doing something and then the other one is that it's going to solve something and really you've got to get you have to go back to the basics of business what you know your whole SWOT analysis what is your strengths what are your weaknesses you have to know what your problem is before you can apply AI to it AI never solves anything.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
AI just makes a solution faster, broader, and deeper. So if you don't have a solution, you're throwing a Band-Aid on a gaping chest wound. It just doesn't work. So I see these people that have... But this is so important.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So at that point there, I was asked to scale. And one of the first lessons I learned about AI, AI doesn't take bad algorithms and make them better. You have to have great algorithms. And with that, AI then enables you to scale. And so using AI, true AI, not Everybody now says they're AI, even though they can't spell it. It's true AI, true machine learning.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
It is, it's AI can free up time if that's what you need. So in your case, so in my case, to do the mapping of supply chains in a bespoke manner, it took maybe three months of solid day in and day out research in order for my analysts who are very skilled to do the actual interpretation.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So the first use of AI that I use with our algorithms was just doing brute force research and shrinking that timeline from three months down to three days. But you have to know it doesn't replace the business principles that you should have learned.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And I hate to keep harping on it, but it comes down to accuracy. Because for a lot of your investments, it's all about the millisecond. And a millisecond, what is it, 100 milliseconds for a single blinking of an eye? But if you're one millisecond later to the market than your competitor, they've made a billion dollars and you've lost a billion dollars. And so accuracy is critical.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so I can tell you that when you have... visibility as deep as we can with the accuracy that we can. We are able to predict ebbs and flows, but we don't, you still have to have the intimate knowledge of how these markets work. And so that is, AI is not the panacea of everything. AI just gives you information faster and the more accurate, the more decisive you can be.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, if I can make an assumption in that question, the question is, is that that particular question asker has a culture or a process which makes them unique amongst all the rest of their competitors, right? AI at this point, although people talk about autonomy and stuff like that, AI at this point, I do not believe replaces the human decision maker.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
There is something that we are not generative AI, we are cognitive AI, which means that our system will actually enable you to make decisions. But up until this point, there is... No AI that replaces a gut feeling. I mean, it's an individual that's looked at the cotton commodity. His or her whole life will see something in a number that someone that just comes out of Wharton will not see.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
What the AI does, it gives them exactly what they need to see at an accuracy for what they trust so they can make a decision in a millisecond when everyone else is trying to run back for more analysis.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
We are able to go from four tasks per month to thousands per minute, probably per second. And from there, the whole world is open because we're the only ones that can do it with complete accuracy. And so it's a fun ride. I've learned a lot of lessons through the entrepreneurial process, but the horizon looks very good.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Not to mention, I mean, not to mention if it's a thought leader, if it's an innovator, they're innovating off of what they've always seen. How better can they innovate if all of a sudden they're seeing three levels deeper than what they've ever seen before?
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Now, all of a sudden, they're able to tape leapfrogs against any of their competitors because their awareness at level one ports down to level five or six, and their ability is unstoppable.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
No, not at all. It's no, we don't.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Next couple of years. Well, I mean, the family office and the investment and the banking isn't going to change over the next couple of years. So the ability to know your customer faster, because right now an individual that has a tremendous amount of money does not want to wait five weeks. And so if they have to wait five weeks, they go somewhere else. So that's going to change.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
I mean, so that won't change. But where I see things changing is if they can – Well, we have, but if someone else can get to the point where they can remove error from the data streams, I think what you're going to see with an IoT capability like autonomous vehicles, autonomous taxis, space, and everything else is going to just explode. Because right now, if you're in a car...
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
and you're driving in Los Angeles or wherever else that has multiple 5G towers with IoT, and your error ellipses are down in the millimeters, you're fine. But if you want to take that same car and go across the United States, your errors might take you somewhere else.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so if they can solve the errors, which we've already done, I believe you're going to see the whole autonomous sciences just blossom.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, I think that I've seen many articles with Google and Meta and Amazon with the amount of money that they're spending. You're seeing open AI that is just increasing in value exponentially because there was no competitor. There was nothing else. So the fact that they weren't able to monetize their AI was irrelevant. They would just dump another 100 billion into it and hope for the best.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Hope was the course of action. What DeepSeat did I mean, it used a different learning. It used this reinforced learning. But ultimately, it was still garbage in, garbage out. The accuracy is at 88%, same as OpenAI or whatever else. But what it is, the cost is much less. So now, all of a sudden, there is a replacement. Before it was them or else.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Now you have this lower cost capability that because of its cost, you may be able to do some monetization. It shook the market. But ultimately, the market rebounded back just because it's the same thing. It's just a different name, but it's the same thing.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, the trends, I mean, I live through the bubble, the internet bubble. I don't believe that... these valuations and capitalizations that we're seeing can continue at this level. I mean, because ultimately there is going to come a day of reckoning that it's not monetizable because the accuracy is so bad. And then what happens with that? Does that sour everybody in the AI?
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so for me, the one trend is the negative trend is to look at just What is the development to rectify that? It just seems like it's all the lemmings heading for the cliff. But on the flip side for my trend is I am looking at the, it's almost proportional with the amount of capitalization, with the amount of frustration and angst.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
What I'm looking at is as we are starting to permeate into those markets, we're starting to see more and more of the strategics, as we call them, start to have their awareness. but there is another solution. And that to me is the trend that I imagine seeing. You get enough strategics that are finally saying that what you're looking at over here is not reality. Look over here.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
At that point there, I think you're going to see a turn in the market. I like to say we're ready for that turn, but I don't think that any one of us can understand what kind of volume that's going to be when finally people get frustrated enough to turn.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
I think we're already there. I think that two years ago, or even a year ago, the news item that permeated the airwaves was the rebirth of Terminator and PsyNet and everyone else, that AI was going in that direction. And so we're seeing that.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
My concern, as I've been talking with a lot of the senior leaders over in Europe, is the ethical implications of AI, where you have individuals which are saying, OK, so we have this capability. Ethically, do we pursue it?
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And let me give you just a quick two-minute question that I give the ethics boards over in Europe, is that our system, let's say our system finds that a major nation that is petroleum-based Is existing, but we find that a country in Africa. Has a chemical as a as as a capability of supplanting petroleum based.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Economies are we should we ethically report that knowing that by doing that, that petroleum based economy collapses. Well, the answer is, well, no, you shouldn't do that. Well, should we then hold it so that this African country never thrives? Well, ethically, that's wrong. So the problem that most AI ethics are looking at is very linear.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
The solution is that you have an AI capability that finds something that African country can now propel up to a first order. At the same time, you find a replacement for the petroleum-based economy that that country has. But no one's thinking along those lines. It's an on-off switch. Yes, no.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
AI's got to be strong enough to do everything.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
We have a website, www.partsoul.com. The software release is going to occur at the end of this month. After that, things are going to get extremely busy. But it's through forums like this, Scott, where the word gets out. And so just keep following us. Just remember that you heard this when all of a sudden things really start blowing out about third quarter.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So, you know, we don't have enough time on this podcast, but let me give you at least the bird's eye view is that back when I first started in the computer field, there was that phrase garbage in, garbage out. And the idea was is that you have programming that is accurate so that your results can be accurate.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, I won't say anything about that. But how much is invested? The United States has invested tremendous amounts in AI. I mean, you even saw with CNN and Fox this morning about the AI fighter jets, which are going to be hitting production. But once again, though, they are AI fighter jets.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
but they're operating on an operating system that has 88% accuracy, which means that the human will never be out of the loop. And so there's a lot of investment going on right now, but it's still garbage in, garbage out. So we'll see if we can change that paradigm.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Thank you.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so with all the other generative AI processes out there, they are designed to take data and global flows of data. I mean, think of what Elon Musk is doing in Memphis, and Google is spending hundreds of billions of dollars per year, and their algorithms are fantastic, but ultimately, it is garbage in, garbage out. That's why they are constrained to that 88% accuracy at best.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
From the very beginning, since I started the national security realm, I was compelled to first create algorithms that that filtered error out of data. So since I was compelled to do that, from the very beginning, the algorithms just don't do what everyone else's do. They first filter error, bias, nuances out of data so that the data that is running through the algorithms is 100% accurate.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And that way, instead of having garbage in, garbage out, it is... accuracy in and accuracy out. And so that is where I am different, our company's different from anywhere else, is that we not only have to look at the algorithms, but we also have to consider the data. Everyone else is just looking at, is making the assumption that the data is what it is. We hope for the best.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
I took the area that hope is not a course of action, so let's filter the error out and let's make accuracy a key.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, good question. So when you have a capability that removes error from global flows of data and then puts it together in context, you can be the equivalent of a peewee soccer team and be wherever the shiny object is. I realized very early on that if this company was going to succeed, I had to focus on the three or four verticals that matter.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so there are four verticals where you must have 100% accuracy 100% of the time. That's national security, that's fintech or financial technology, banking, legal technology, and health services.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Thank you for having me here today. The history of this really goes back to my years when I was in the military. I was an officer in the Air Force. And in the national security arena, we are inundated by global flows of data. And from those global flows of data, it's critical that... in security that there is no strategic surprise.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
and so for us um we are already in the national security realm um on the 31st of this month we release a tie which is our flagship product which stands for absolute truth ai and that then will be for the the financial technology and also legal tech And then in quarter three, we will start emerging with our product that does health services and health technology.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So those are the four that we're focusing on now.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Sure. So internationally, what we found right now, and Scott, you and I talked about this in one of the podcasts, is that there is a tremendous amount of noise regarding AI in the United States. I mean, everybody's talking about it, and unless you are making billions of dollars a year, you cannot get above that noise threshold.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So what I have found is that by launching overseas, so our commercial headquarters was just stood up in Dublin, Ireland, we're able to get above the noise, and the AI – problems over there are the same here. The only difference is, is their data, they have very strict data laws, GDPR. But us being over there, since we remove error from data, we actually conform to GDPR quite well. And so
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Overseas, we're into the family offices, the governments, the legal area. You probably just saw that we just signed a memorandum of understanding with a luxury yacht manufacturer in Dubai. And so it goes across the spectrum right now, but specifically the fintech and the legal tech.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yes, it was very nice. They are so in need of having visibility on their supply chains that they actually offered me to have use of their yacht for a day as my office. Now, unfortunately, right now I'm in Cleveland, so it's not a luxury yacht, but it was nice for a day.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, so what we have been asked to do since, once again, we remove the error and we deconstruct supply chains, even quantum computing has a supply chain. And so when we use the system to run against quantum computing, it starts all the way down at the science, which is physical science, which is physics.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
goes through your applied science, goes through your formal science, until it gets to quantum mechanics. And at that point there, it breaks it off into everything that could possibly happen. So you start seeing your supply chains, your need for niobium, for your Josephson junctions, for part of your pieces.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
But so for quantum, quantum is really good when you start talking about mathematical and arithmetic calculations. It will help us for those particular calculations, but once again, unless you can remove error and bias from your streams of data with a quantum computing system, it's not going to conquer the garbage in, garbage out. It's just gonna be faster.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
You don't wake up someday and find out that what you should have known actually comes to pass and you didn't know it. And so I was left in the mid-1990s, I was left with the problem of how does one discover in global flows of data information that is deemed to be undiscoverable. And so back then, I created these algorithms that, in essence, deconstruct and map supply chains of everything.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
If it be faster, garbage will come in faster and go out faster.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, this is really for the business owners in that imagine yourself, you're back in the 1850s and you're driving across the United States in a Conestoga wagon and someone comes up to you and shows you the schematic of an F-35 jet fighters. You are not going to believe it's possible for something to fly.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so when we come to a bank that is taking five weeks, some of the banks take almost six months to do a know your customer of a high net worth foreign individual. And we claim to do it in 20 minutes. there is a disbelief. In fact, on the early marketing that we have done, we actually added time to our system just so someone would believe it.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
So ultimately, no one believes that something like this can actually occur. And so I, as a business owner, I had to make a decision that Um, every single large organization I go to, I have to do something for free. I have to do it. I have to take a problem that keeps them awake at night and I have to solve it one time.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And so 2024, we must've done over a million dollars worth of pro bono work just to convince an individual at what we're saying is actual truth.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Well, I tell you what, that actually fits in with that second to last question about what I'm hearing, is that they are getting more savvy with AR, with AI. The problem that I'm running and the problem I'm hearing is frustration. Even, I mean, when you type something in Google, you're going to get a Google AI that's going to tell you something.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And for 99% of the businesses and the individuals in the world, that's good enough. But with law firms, banks, national security, and health sciences, there is an overwhelming sense of frustration that they are being forced to settle for something that is there.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
I saw something on Bloomberg about two weeks ago regarding Nvidia, where they were asking, will this alert chips make AI more pleasing for the FinTech realm? And the answer came back, well, no, unless it's 100% accurate, I still have to do all my analysis by hand. And so, yes, they're becoming more savvy. Most of the demographic in the world inherently believes anything that comes on the internet.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
But for some of those verticals where they cannot be wrong because it's existential, it's just an overwhelming sense of frustration, which is driving them to us.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
And from that, you're then able to discover things. And so it worked quite well, enabled predictive analytics, worked prior to 9-11, after 9-11. It was used extensively to stop terror attacks, discover terror attacks before they would occur. It discovered scores upon scores of them.
Becker Private Equity & Business Podcast
Understanding the Generative AI Landscape & How to Use AI to Improve Decision Making & Operations Now 3-6-25
Yeah, we haven't branched out to that yet. It's going to be quarter three, but we have done testing. And so the two major areas of testing that we have done is one with a hospital that already has an existing capability and for them to understand the demographics of of where they should put this new hospital capability.