In your view, what’s the most significant challenge facing AI providers today? How do you believe this impacts the development and deployment of AI technologies?
I’d say it depends on the type of provider. Are we talking about big tech companies, SMEs or startups? One of the major challenges is defining relevant use cases. There’s a lot of interest in Gen AI, large language models (LLM) and chat bots right now, but which products will feature them? That’s the first challenge.
The second, for the EU at least, is the regulatory framework. It’s in place but we know it doesn’t cover every detail. How are companies going to respond, what will compliance look like in practice? I anticipate difference between companies. Big (tech) companies have the lawyers, they have the policy advisors and they have also the technical expertise to develop compliant in-house solutions. Then you have SMEs and startups that simply don’t have the resources. So the regulatory burden is likely to be more manageable for certain companies than others.
What would you say are the most promising ways in which AI can benefit society?
When I think about the bigger benefits of AI for more developed economies like in Switzerland, I think we could certainly enjoy major efficiency gains. Things will get faster and, maybe, better. I also think AI will definitely help improve public services.
Personally, I believe the greater gains are to be had in less developed economies. Many lack the resources to adequately meet basic human needs like healthcare or education. I think AI shows a lot of promise in delivering knowledge and expertise in these areas. Of course, there are a lot of complex issues to solve, but I’m quite excited about the potential.