E025 – The Hype of AI

Thank you my friend and fellow Capco cohort, Daragh Fitzpatrick, for joining me on this episode of FTLOD where we cut through the Hype of AI to understand some of the key challenges and opportunities facing consumers and businesses alike when working with or alongside AI. Given that we’re talking about AI, I also have a twist for today’s interview–transcription! Today’s episode is transcribed here using machine learning from webASR, a free service provided through the University of Sheffield’s Machine Intelligence for Natural Interfaces (MINI). Note: The transcription is wonderful as a starting point and for a free service, but it does diverge from the actual conversation fairly significantly at times. Please listen to the episode as you read along. Topics: Definition of AI and the singularity–should we be concerned? What’s going on in the AI space? Typical use cases in industry RPA vs. AI and different use cases Recommendation systems Challenges in profiling users or customers Ethical challenges and consequences of bad AI or black box AI AI is like fire: it can be highly useful, but it can also be a weapon and burn you. Perceptions of AI that are overhyped Not every product or service needs AI to be good At what point does intelligence begin? The fourth industrial revolution and its impact on society How to responsibly introduce life-altering AI Will AI supplement our lives and give us better quality of live, or will it make us do more, faster, stronger? Advancements in how AI plays the game, Dover Some of the items we discuss are available in the following places: https://blog.1871.com/the-1871-fintech-forum-a-discussion-around-the-reality-of-todays-automation-practices https://blog.1871.com/1871-fintech-forum-future-of-data-and-analytics https://samharris.org/podcasts/116-ai-racing-toward-brink/ http://fortune.com/2018/02/20/nasdaq-delist-long-blockchain-bitcoin-iced-tea/ https://en.wikipedia.org/wiki/Fourth_Industrial_Revolution Music Deep Sky Blue by Graphiqs Groove via FreeMusicArchive.org