Investment

Building the foundations for responsible AI investing

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Generative Artificial Intelligence (Gen AI) is the fourth wave of technology, following from the mainframe, personal computer (PC) internet and mobile waves. These prior waves of innovation have transformed industries from retail to media and ecommerce and now Gen AI has the potential to transform a broader range of industries - underscoring the critical need for responsible deployment amid challenges and risks.

What is AI?

Before we can delve into the topic of responsible AI, it's important to distinguish Gen AI from human intelligence and Artificial General Intelligence (AGI), which is when models become as or more intelligent than humans. Gen AI has the capability to generate new and original content with what are known as 'transformer models' - a type of AI model that generates human-like text by analysing patterns in large amounts of data. These models, which use an ever-increasing range of parameters (Open AI's Chat GPT-4 has over a trillion), help algorithms learn, react, create and predict using historic data and interactions.