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Why AI Matters
ChatGPT and AI democratisation are disrupting industries, but risks and political impact are likely to be felt first.
Summary
- ChatGPT has democratised artificial intelligence (AI), making it easier to use for non-technical staff. This has opened up new opportunities for adoption across most industries.
- AI has already been used in many businesses for years, allowing everything from predictive logistics to self-driving cars, but further adoption will only occur if the technology fits a business need.
- There are multiple risks associated with AI: political, social and economic. Policymakers have been moving forward with regulation of the technology, but differing approaches will further contribute to fragmentation and regionalisation within the tech world.
- Because of numerous elections in 2024, AI’s biggest impact initially is more likely to be on the political rather than the business front. In the medium term, it could also transform job and education needs.
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