Listen "AI: Positive Implications for Fund Management and Investing"
Episode Synopsis
There is an inevitability around the idea that Artificial Intelligence already has Oxford’s ‘Word of the Year’ tied up. The transition from being the preserve of rocket scientists and Sci-Fi writers towards general office chitchat, feels representative of the explosive progress in the sector over the past twelve months. To help us journey down this rabbit hole, we asked Jim Robillard to take us from Star Wars to Large Language Models and everything in between. As a man who has invested through the Dotcom Bubble, the dawn of the internet age, and today’s tech-dominated markets, we can think of no better guide.00:26 Episode Introduction00:50 Gimmick to Reality - how did we get here?05:40 LLMs & Generative AI - the advent of Parallel Processing12:20 Narrow ANI & General AGI - how close are we to the latter?21:07 Impact on Working People's Lives27:21 Negative Considerations - cybersecurity & kill switches32:27 Impact on Wider Market & Investing37:32 Large Cap vs Small Cap - the 'Barbell Effect'43:01 Stock Picking vs Algorithmic Trading48:34 Fundamental Investment Process53:26 Implications for the Financial Industry56:41 Investment Edge59:53 Summary01:03:26 Jim's Recommended SourcesShow notes:Chamath Palihapitiya - the 'Barbell Effect' (06:00-07:30)Ted Talk: Sam Harris How Can We Build AI Without Losing Control Over It?Wait But Why? The Artificial Intelligence RevolutionNick Bostrom - Superintelligence; Paths, Dangers, Strategie
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