Artificial intelligence

The rapid adoption of ChatGPT has created real excitement about the potential for generative artificial intelligence. Could it improve productivity? Galvanise economic growth? Create new and interesting jobs? Others predict a darker outcome, where AI replaces white collar jobs, leaving some sectors obsolete.

In this podcast, we explore the risks and opportunities in AI. Goldman Sachs has estimated that AI adoption could drive a 7% increase in annual economic output, and deliver solutions to some of the world’s largest problems, from climate change to worsening demographics. However, there are risks to white collar professions from generative AI, particularly the finance sector.

The total AI market could be world $900bn by 2030. There will investment opportunities for those companies that benefit from efficiency cases, but also those providing AI tools, plus ‘picks and shovels’ providers such as semiconductors. There will also be those on the wrong side of the change, who will find their businesses disrupted.