Name: Code & Capital - AI vs the Internet
Uploaded: 2024-03-14T10:57:56.626Z
Duration: 472.8
Description: Code & Capital explores with Nina Schick, Author, Entrepreneur, Speaker on Global Authority on AI, at Finovate Europe the use cases for generative AI in banking; the growth and future of conversational AI; potential use cases for augmented reality and virtual reality; the metaverse in banking. And the very new threat posed by deep fakes.

Code & Capital - AI vs the internet.mp4

Code & Capital - AI vs the internet.vtt

ENGLISH

{{00:00:16}}
I think.

{{00:00:16}}
I think that AI is a meta technology
which is on par and perhaps even

{{00:00:22}}
more profound than computing.

{{00:00:26}}
The birth of modern computing in the
1940s brought us the internet, social

{{00:00:29}}
media, the digital ecosystem, the age of
information and the digital age, which

{{00:00:34}}
we are now all plugged into, right?

{{00:00:37}}
And that has transformed the economy and
society over the space of a few decades.

{{00:00:44}}
But with artificial intelligence,
what we're really seeing is the

{{00:00:47}}
beginning of the age of intelligence,
because essentially the premise

{{00:00:53}}
of is that machines can have human
levels of intelligence or beyond.

{{00:00:58}}
And what we're starting to see now is that
is already taking hold, that AI systems

{{00:01:03}}
are being integrated into the fabric
of life, into the digital ecosystem,

{{00:01:07}}
and that this is already happening.

{{00:01:09}}
This next stage of technological
evolution or revolution is

{{00:01:15}}
advancing at an exponential rate.

{{00:01:17}}
So even quicker than computing, both in
its capabilities and in its adoption,

{{00:01:23}}
which brings me to the view that it is the
most powerful general or meta technology

{{00:01:28}}
that we've ever encountered thus far.

{{00:01:37}}
One of the ways in which AI is going
to be really transformative is when

{{00:01:41}}
it comes to automating decisions.

{{00:01:44}}
And this is actually already where
you see very early applications of

{{00:01:49}}
AI being rolled out and developed and
built, for instance, in automating

{{00:01:55}}
replies to customer queries, not in.

{{00:01:57}}
At least because of the huge steps that
have been made for made in large language

{{00:02:03}}
models that allow AI systems to basically
commute, communicate in human language.

{{00:02:08}}
But when you talk about the
democratizing effects of the internet,

{{00:02:12}}
I think that's another big thing.

{{00:02:14}}
component that is so core to the
AI revolution that is that these

{{00:02:17}}
capabilities which are really capable
intelligent systems are going to be

{{00:02:23}}
available to billions of people around
the world because they are coming as

{{00:02:28}}
a software update or a hardware update
so the next generation of devices

{{00:02:33}}
that you are going to hold in our
hand are going to be optimized for AI.

{{00:02:36}}
Similarly, the software that you already
use in on your PC or your smartphone.

{{00:02:43}}
They're already being updated and
with AI's capabilities, so it is

{{00:02:49}}
just as democratizing as the internet
itself in terms of its capabilities.

{{00:03:01}}
I think that they are on par, if not
more profound, because we've already

{{00:03:08}}
been having a huge societal debate
about how profound the internet has

{{00:03:13}}
been on our society, what it's meant
for ethics, what it's meant for privacy,

{{00:03:16}}
what it's meant for a changing labor
market, but the internet is simply

{{00:03:21}}
a communications infrastructure.

{{00:03:24}}
The AI, is much more than that, right?

{{00:03:26}}
The internet is a technology or a platform
that came out of the computing revolution.

{{00:03:33}}
But again, when you talk about AI
being an intelligence revolution,

{{00:03:37}}
a meta technology that's going to
enable many other technologies, many

{{00:03:41}}
other platforms many other tools.

{{00:03:44}}
And I think that, and again,
the core philosophical point is

{{00:03:50}}
about how it's going to augment
us or automate us, because for

{{00:03:54}}
the first time we have systems.

{{00:03:56}}
that are arguably already as intelligent
as humans in certain domains.

{{00:04:01}}
It's going to profoundly change the
fabric of society and the fabric of life.

{{00:04:05}}
So I think that those debates we've had
about The internet are only going to be

{{00:04:11}}
much more pronounced in the age of AI.

{{00:04:14}}
I

{{00:04:22}}
think AI is going to play a fundamental
role, in solving global challenges.

{{00:04:27}}
Because again, if you simply think of
intelligence as the ability to gather lots

{{00:04:35}}
and lots of information and then process
it in order to make decisions, in order

{{00:04:39}}
to uncover new knowledge, then AI is
going to be a tool that expedites that.

{{00:04:46}}
ability for humanity.

{{00:04:48}}
And we already see that
it's not hypothetical.

{{00:04:51}}
in scientific research.

{{00:04:52}}
For instance, in biology, understanding
the structure of proteins has been

{{00:04:59}}
one of the most fundamental challenges
in biology because proteins are the

{{00:05:02}}
structure of life, they make up everything
known to us in the natural world, but

{{00:05:08}}
scientific research is really difficult
to understand the structure of proteins.

{{00:05:13}}
It was something that would
take a research scientist maybe

{{00:05:17}}
five to ten years to uncover the
structure of a single protein.

{{00:05:22}}
But when modelled with an AI system,
we have been able to uncover the

{{00:05:26}}
structure of 270 million proteins,
basically all the proteins known

{{00:05:33}}
to us in biology in a single shot.

{{00:05:35}}
So again, if you use these
capabilities of AI, To look at some

{{00:05:42}}
of the biggest challenges facing
humanity from disease reduction, to

{{00:05:47}}
food production, to climate change.

{{00:05:51}}
I am confident it is a capability that
is going to make those challenges.

{{00:05:57}}
Still difficult, but far easier to
untangle than as if we hadn't had AI.

{{00:06:08}}
So, the integration of AI into daily
life, whether it's in healthcare, or in

{{00:06:12}}
transport, or in education is already
reshaping human experiences, right?

{{00:06:16}}
Because one of the things I mentioned
was that these capabilities are

{{00:06:21}}
increasingly just Coming into our
lives, whether we want it or not,

{{00:06:25}}
as hardware and software updates.

{{00:06:27}}
So all of a sudden you may find that
your bank has far better financial

{{00:06:33}}
services advice because now they're
able to tap into a large language

{{00:06:38}}
model that helps them do research,
to provide a tool for a consumer.

{{00:06:43}}
personalized on their own data to
help them make the right decision

{{00:06:47}}
on something as important as
what's the right mortgage for me.

{{00:06:51}}
Similarly, if you think about how AI
is being rolled out in medicine and

{{00:06:55}}
healthcare, the fact that you already
have AI systems that are better in

{{00:07:00}}
diagnostics, perform better in diagnosing
disease than clinicians, all of a

{{00:07:05}}
sudden you democratize medical services
in a way that wasn't possible before.

{{00:07:09}}
You can just Talk to your AI doctor.

{{00:07:12}}
You don't even need to wait for that
two month appointment at the GP.

{{00:07:17}}
So I think it's gonna very quickly
and tangibly change human experience

{{00:07:25}}
through interfaces like having better
access to financial services or having

{{00:07:29}}
better access to medical services.

{{00:07:30}}
But again, the key component
is going to be who gets access.

{{00:07:35}}
Are these capabilities going to be
available to everyone around the world?

{{00:07:39}}
And I would say that probably, initially,
you're going to see that only the elite

{{00:07:44}}
few get access before it eventually
becomes democratized around the world.

I think that AI is a meta technology
which is on par and perhaps even

The birth of modern computing in the
1940s brought us the internet, social

media, the digital ecosystem, the age of
information and the digital age, which

And that has transformed the economy and
society over the space of a few decades.

But with artificial intelligence,
what we're really seeing is the

beginning of the age of intelligence,
because essentially the premise

of is that machines can have human
levels of intelligence or beyond.

And what we're starting to see now is that
is already taking hold, that AI systems

are being integrated into the fabric
of life, into the digital ecosystem,

This next stage of technological
evolution or revolution is

So even quicker than computing, both in
its capabilities and in its adoption,

which brings me to the view that it is the
most powerful general or meta technology

One of the ways in which AI is going
to be really transformative is when

And this is actually already where
you see very early applications of

AI being rolled out and developed and
built, for instance, in automating

At least because of the huge steps that
have been made for made in large language

models that allow AI systems to basically
commute, communicate in human language.

But when you talk about the
democratizing effects of the internet,

component that is so core to the
AI revolution that is that these

capabilities which are really capable
intelligent systems are going to be

available to billions of people around
the world because they are coming as

a software update or a hardware update
so the next generation of devices

that you are going to hold in our
hand are going to be optimized for AI.

Similarly, the software that you already
use in on your PC or your smartphone.

They're already being updated and
with AI's capabilities, so it is

just as democratizing as the internet
itself in terms of its capabilities.

I think that they are on par, if not
more profound, because we've already

been having a huge societal debate
about how profound the internet has

been on our society, what it's meant
for ethics, what it's meant for privacy,

what it's meant for a changing labor
market, but the internet is simply

The internet is a technology or a platform
that came out of the computing revolution.

But again, when you talk about AI
being an intelligence revolution,

a meta technology that's going to
enable many other technologies, many

And I think that, and again,
the core philosophical point is

about how it's going to augment
us or automate us, because for

that are arguably already as intelligent
as humans in certain domains.

It's going to profoundly change the
fabric of society and the fabric of life.

So I think that those debates we've had
about The internet are only going to be

think AI is going to play a fundamental
role, in solving global challenges.

Because again, if you simply think of
intelligence as the ability to gather lots

and lots of information and then process
it in order to make decisions, in order

to uncover new knowledge, then AI is
going to be a tool that expedites that.

And we already see that
it's not hypothetical.

For instance, in biology, understanding
the structure of proteins has been

one of the most fundamental challenges
in biology because proteins are the

structure of life, they make up everything
known to us in the natural world, but

scientific research is really difficult
to understand the structure of proteins.

It was something that would
take a research scientist maybe

five to ten years to uncover the
structure of a single protein.

But when modelled with an AI system,
we have been able to uncover the

structure of 270 million proteins,
basically all the proteins known

So again, if you use these
capabilities of AI, To look at some

of the biggest challenges facing
humanity from disease reduction, to

I am confident it is a capability that
is going to make those challenges.

Still difficult, but far easier to
untangle than as if we hadn't had AI.

So, the integration of AI into daily
life, whether it's in healthcare, or in

transport, or in education is already
reshaping human experiences, right?

Because one of the things I mentioned
was that these capabilities are

increasingly just Coming into our
lives, whether we want it or not,

So all of a sudden you may find that
your bank has far better financial

services advice because now they're
able to tap into a large language

model that helps them do research,
to provide a tool for a consumer.

personalized on their own data to
help them make the right decision

on something as important as
what's the right mortgage for me.

Similarly, if you think about how AI
is being rolled out in medicine and

healthcare, the fact that you already
have AI systems that are better in

diagnostics, perform better in diagnosing
disease than clinicians, all of a

sudden you democratize medical services
in a way that wasn't possible before.

You don't even need to wait for that
two month appointment at the GP.

So I think it's gonna very quickly
and tangibly change human experience

through interfaces like having better
access to financial services or having

But again, the key component
is going to be who gets access.

Are these capabilities going to be
available to everyone around the world?

And I would say that probably, initially,
you're going to see that only the elite

few get access before it eventually
becomes democratized around the world.

FinovateEurope

Finovate

Code & Capital

Expert Insight

Code & Capital explores with Nina Schick, Author, Entrepreneur, Speaker on Global Authority on AI, at Finovate Europe the use cases for generative AI in banking; the growth and future of conversational AI; potential use cases for augmented reality and virtual reality; the metaverse in banking. And the very new threat posed by deep fakes.

Future fintech

Gen AI

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Nina Schick

Author, Generative AI Expert, Founder

In what ways might AI fundamentally reshape industries and economies compared to the transformative impact of the internet?  

How does the transformative power of AI in automating tasks and decision-making compared to the democratising effects of the internet in terms of information access and communication?  

Will the ethical and societal implications of AI surpass those of the internet, particularly in areas such as privacy, bias, and job displacement?  

To what extent can AI contribute to solving global challenges, such as climate change, healthcare, and poverty, surpassing the internet's role in addressing societal issues?  

How will the integration of AI into various aspects of daily life, including healthcare, education, and transportation, reshape human experiences compared to the internet's impact on communication and information-sharing?  