I was kindly asked to be on a panel at this year’s invite-only Penrose Awards on the topic of Artificial Intelligence and how it will impact education and employment. Afterwards it got me thinking that perhaps AI is entering a honeymoon period before the real arguments start. Rather than jobs being replaced or displaced (which will happen) they are increasingly being augmented by AI.
Examples of this include in medtech, such as radiology where a computer can give a second opinion on images and at a scale unrivalled by humans, or an AI-powered doctor app that can help to pre-screen symptoms to determine what, if any, medical attention is required next and how fast.
And if we are to define AI at its most basic as a computer’s ability to look at a large data set and make decisions on our behalf, even something as commonplace as navigation software: it doesn’t replace taxi drivers (yet) but does mean they no longer need to pass a test like the Knowledge.
: At the same event, Vernon Hill
, the legendary founder of Metro Bank, delivered a very entertaining keynote. Afterwards I was lucky enough to ask a question from the floor: what value can digital-only challenger banks like Monzo, Atom, Tandem and Starling add to banking? His reply: “absolutely none”.