Week 3 - Why People Pay More For The Same Product That Was Produced By A Different Company

There are many different companies who specialize in producing different products. However, many companies have similarities in their products. For example, Intel and AMD both produce Central Processing Units or CPUs, however, the prices of these items differ significantly. Intel CPUs are, on average, more expensive than AMD CPUs. This could be the result of a multitude of reasons. One reason Intel CPUs are more expensive than AMD could possibly be because that more people know and trust Intel to produce a strong yet reliable CPU to power their computer. Due to Intel's marketing strategies and individual development over the years, they have built themselves up to be a sturdy driving force in producing quality content for their customers.

Despite Intel seemingly running a monopoly on CPUs, AMD has still come into its own by releasing CPUs that challenge Intel. There are many strengths that AMD has over Intel in terms of producing CPUs. For example, the biggest reason why some people actually prefer AMD over Intel is because AMD CPUs have the ability to be overclocked — a feature not all Intel Central Processing Units have.

Overall, there are many reasons why people flock to a certain company for their products. It could be due to a sense of trust that has been built between the customer and manufacturer. Or it could be simply because one offers features that the other does not. Either way, this specific example of competition between companies results in a betterment in technology.

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Week 7 Blog 2 - ChatGPT Discusses the Most Influential Person to AI Development.

Hello everyone! This week in my ChatGPT adventure, I wanted to see what the AI tool has to say regarding the most influential person to AI development. I asked ChatGPT the following prompt, "Please list, in a blog format containing 3 core paragraphs, who is the most influential person in AI development." The following is what ChatGPT has to say on the subject The Most Influential Figure in AI Development: Revolutionizing the Future Artificial Intelligence (AI) has emerged as one of the most transformative technologies of our time, revolutionizing industries, driving innovation, and shaping our daily lives. Behind this remarkable progress stands a myriad of brilliant minds, but one figure towers above the rest as the most influential person in AI development. This individual's contributions have not only pushed the boundaries of what AI can achieve but have also inspired countless researchers and developers to pursue groundbreaking advancements. In this ...

Week 16 - Marketing Strategy

Marketing strategies are what companies use in order to gain a competitive advantage in their business using the limited number of resources that they own. Companies who excel in creating and implementing superior marketing strategies tend are better off than those who are not. Some topics that will help businesses create a better marketing strategy are to develop a marketing plan, know one's target audience, and target marketing. Developing a marketing plan can be extremely useful to a company because it allows them to explore different areas and different marketing techniques and then proceed to go on using the one that yields the best results. A good marketing plan is one who takes into consideration what their customer wants from them and ease of access. By having and using a good marketing plan, it will inevitably provide easy to consume products that satisfies a customer's wants. Knowing one's target audience and target marketing go hand in hand. For example, targ...

Week 9 - Three Ways To Prepare for AI (Adapt)

In the Book Surfing The Tsunami An Introduction to Artificial Intelligence and Options for Responding by Todd Kelsey, he discusses three ways to integrate oneself into the changing world of AI in order to be ready for AI in the future. The first option, Adapt, is the bear minimum one should do in order to have a leg up on someone else when it comes to AI. When Kelsey talks about adapting, he means to be aware of what the current state of AI is, and to keep tabs on any changes that are made in that industry. By doing this, it enables one to become more aware of the many possibilities that AI has for the future of not only business, but many other industries as well. AI is becoming more and more useful in a multitude of other industries besides business. The medical industry is pushing the boundary with the accuracy of diagnoses in patients by using AI. Even in the gaming industry, AI is becoming more and more prevalent. Recently, Tesla's Owner, Elon Musk and his team ...

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