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Ongoing discussions on the economic prospects for the UK have left Labour leaders with an unenviable task.
But is AI as bankable as some economic commentators believe?
CEO of Luminance a UK legal AI company.
AI fatigue
I recently attended a Californian tech tradeshow.
Amongst the excitement and future-gazing that one expects, there was also a sense of AI fatigue.
Is todays AI market in danger of repeating such a cycle?
To answer that question, we need to take a step back.
The release ofChatGPTin late 2022 almost single-handedly changed the AI landscape.
A business today surveying their options for AI faces significant hurdles.
You dont have to work in tech to spot this happening.
Adverts for AI-powered toothbrushes are rampant onsocial media, for example.
This phenomenon - one which is rapidly on the rise - is known as AI washing.
AI washing
AI washing can come in different forms.
Sometimes it means significantly exaggerating how advanced or capable the AI technology in a product really is.
Other time taking conventional or legacy technology and re-labelling it as AI.
And sometimes it simply means obscuring the human labor that actually powers a product.
Thoughtfully-implemented and well-governed AI will revolutionize industries and drive unprecedented efficiencies globally.
However, the realization of this potential hinges on one crucial factor: trust.
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