Development of iPhi-3: An AI-Powered Chatbot for Supporting Ideation

Innovation is crucial for companies wishing to remain competitive in a constantly changing environment. The innovation process comprises a number of stages, including ideation, the aim of which is to generate ideas that could be turned into innovative products or services. However, this stage is often hindered by cognitive limitations and individual creative biases. The rise of artificial intelligence, particularly Generative Artificial Intelligence (GenAI), offers a remarkable opportunity to revolutionize this critical phase. This article introduces the iPhi-3 ideation chatbot, a tool specifically designed to address these challenges. The chatbot leverages the Phi-3 SLM (Small Language Models) model, renowned for its flexibility, energy efficiency, and performance, in contrast to other more costly alternatives. Through specialized training (fine-tuning), iPhi-3 not only enhances the quantity and quality of generated ideas but also enables the seamless integration of distinct concepts, paving the way for pioneering innovation.