Global Regulation Tomorrow Plus: AI mini-series Ep 4 Do large language models think?

In the latest episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services, host Simon Lovegrove is joined by Professor Peter McBurney to explore the provocative question of whether Large Language Models truly think or merely simulate reasoning. Drawing on examples from AI history and current research, they examine the practical implications for businesses deploying AI, including the risks of hallucination and the importance of human oversight. The discussion also touches on the regulatory landscape, including the EU AI Act, and offers practical guidance for organisations navigating the use of LLMs in high-stakes settings. This episode is a valuable primer for board members who may not be familiar with AI, helping to demystify the technology and equip decision-makers with the understanding they need to oversee its responsible adoption.