Michael Patchen of Colleva - Artificial Intelligence and An Exciting Way that AI is Helping Develop Better Advisors, Leaders and Employees
Today, Rusty and Robyn are joined by Michael Patchen, Co-Founder and CEO at Colleva.
Key Takeaways
- Mike’s professional background and how he got where he is today.
- What inspired the founding of Colleva?
- What are the challenges that Mike is seeing in the RIA space and how is Colleva helping address these? Also, how does he envision it transforming the landscape of professional development and employee coaching?
- What is Mike’s outlook for AI in the broader investment industry and how it will transform it?
- What does Mike consider to be the primary focus of Colleva?
- How does Colleva use AI to create lifelike, interactive coaching experiences? What sets it apart from other AI tools?
- What makes Colleva’s approach to employee insights so unique?
- While Colleva is not currently being used to job interviews and screening, what roles can it play in the interviewing landscape?
- Does Mike have metrics or success stories to gauge the effectiveness of Colleva?
- Some examples of how using Colleva is engaging, approachable and even fun.
- At a philosophical level, how does Mike see the future of work evolving?
- How does Mike maintain a work/life balance and how does that influence his leadership style?
- What is currently Mike’s favorite investment idea?
Quotes
“When my co-founder and I saw what was happening in the AI world, with obviously things like these large language models, like OpenAI…but also text to speech, speech to text, video avatars…What we realized is there was a unique…level changing opportunity, to provide an executive coach for everyone… [and that it] could add a lot of value to organizations.” ~ Michael Patchen
“I think [AI] is going to be, you know, completely transformative…without any hyperbole. As someone who went through the internet bubble, or internet phase, I think ultimately this will be multiples of that in terms of impact. There will be a lot of shakeout, there will be a lot of false starts, there will be a lot of figuring out what is good AI…vs. bad AI. But, ultimately, the impact is going to be transformational because we are really just in the infancy of it.” ~ Michael Patchen
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