Every day, we read something new about Artificial Intelligence - it'll take our jobs, it'll teach our kids, it knows more about us than we do ourselves... but how much of that is hype, and how much is, or will be reality? Part of our problem with AI is that it feels impenetrable and mysterious, especially when even those building it aren't entirely sure how it works. In a new series, Aleks Krotoski (The Digital Human, Radio 4) and Kevin Fong (13 Minutes to the Moon, BBC World Service) set out to 'solve' AI. Or at the very least, to answer our questions on all things artificial intelligence-related. These are the questions that really matter to us - is AI smarter than me? Could AI make me money? Will AI save my life or make me its slave? These questions predate the current frenzy created by the likes of Chat GPT, BARD and LlaMA. They've been in our collective psyche ever since the very first thinking machines. Now these fears and excitement are a reality. This series arrives at a critical moment.
Every day, we read something new about Artificial Intelligence - it'll take our jobs, it'll teach our kids, it knows more about us than we do ourselves... but how much of that is hype, and how much is, or will be reality? Part of our problem with AI is that it feels impenetrable and mysterious, especially when even those building it aren't entirely sure how it works. In a new series, Aleks Krotoski (The Digital Human, Radio 4) and Kevin Fong (13 Minutes to the Moon, BBC World Service) set out to 'solve' AI. Or at the very least, to answer our questions on all things artificial intelligence-related. These are the questions that really matter to us - is AI smarter than me? Could AI make me money? Will AI save my life or make me its slave? These questions predate the current frenzy created by the likes of Chat GPT, BARD and LlaMA. They've been in our collective psyche ever since the very first thinking machines. Now these fears and excitement are a reality. This series arrives at a critical moment.
Of all the jobs artificial intelligence might replace surely trading in stocks and shares is at the top of the list. Aleks and Kevin find out it might have already happened.
The first algorithms hit the trading floors nearly 30 years ago and since then the numbers of people involved in the buying and selling of shares has been dwindling. Aleks and Kevin speaking professor Dave Cliffe who wrote one of those first trading programmes. He was told the future of trading was a computer, a dog and a man. The computer would do the trading, the dog would guard the computer and the man, well he was there to feed the dog.
So how close are we to that future, closer than you think. But what does that mean for volatility in financial markets with AI’s well documented imperfect view of the world and is there still a place for human insight and perspective?
Presenters: Aleks Krotoski & Kevin Fong Producer: Peter McManus Mixed by: Fraser Jackson