Sir Patrick Vallance, a former chief scientific adviser, has warned that Artificial Intelligence (AI) can potentially have as much of an impact on the workforce as the Industrial Revolution did. During a parliamentary hearing with the Commons science and technology select committee, he mentioned that the speed of AI development is quite incredible and that the impact on job market could be huge. He also noted that AI brings with it many benefits, with medical imaging and legal professions being the main beneficiary.
An experiment conducted this week spoke volumes about the potential of AI for further job displacement. Finder.com reported that their fund created with ChatGPT outperformed the existing top funds.
ChatGPT, based in the US is a natural language processing technology platform which uses state-of-the-art AI approaches to improve customer experience and engagement. It creates an automated, conversational service for customers, making it easier for companies to collect and store feedback in real-time. It also provides back-end support to analyse customer feedback and recommend further strategies to businesses. The company, with its past experiences, is ready to make a big impact on the future direction of customer service.
Sir Patrick Vallance, is a British academic who has served as the chief scientific adviser to the government of the United Kingdom. During his tenure, he accomplished a number of tasks, giving him a broad view of the ecology which combines AI, machine learning and complex software development. He currently serves as a consultant in multiple organizations and has a vision of bringing the best technology to market and cementing research objectives. He has also worked in the investment field and acted as a scientific adviser for various organizations for many years.
