Artificial Intelligence isn’t going to go away; in fact, it’s just going to get bigger and bigger Asa Cox of the Wellington tech firm Arcanum told the club this week.
He quoted an estimate from consultants McKinsey and Co that it would add between $2.6 trillion and $4.4 trillion to the world economy over the next decade.
Asa Cox is an optimist about the value and virtues of artificial intelligence despite the doomsayers and sceptics frequently reported in media worldwide.
Artificial intelligence is already being used to process data faster, more accurately and at lower cost and to help people make better decisions.
Working with Generative Pretrained Transformer (GPT) increases the value of AI by breaking down knowledge into smaller outputs so that humans can interact with the data more easily.
Asa demonstrated the power of AI by developing an avatar of himself and having that figure deliver a speech he had written. The avatar did a passable job, “A good imitation but not perfect”, said Asa.
“The point is that creating that took me a few hours where using older technology it would have taken several people several days to do the same job.”
“AI can create images to your specifications and it avoids search and copyright costs.
As an example, Asa said AI can be used to sort recycling, by identifying and removing mixed plastics in a rubbish flow. AI can automate 60per cent of routine operational tasks and will soon be pervasive in the workplace and elsewhere.