April 11, 2023 — One perk of writing this journal is that I get to play with a lot of new toys to try them out. Do they have useful applications for risk management or related tasks that you, dear reader, will want to know about? I have two different AI applications resident on my personal system (properly air-gapped and isolated from the Gallagher Bassett system on which I research and write this journal and perform other work-related tasks and assignments). I also take other new AI apps out for a test drive from time to time on my own PC since each AI system has its own talents and abilities. When you have seen one AI, you have seen one AI.
The parent of an AI that I have been using for a while just dropped a startling new version. I'm telling you this because AI development is moving at warp speed. I learned coding in 1963 when we had exactly three languages — binary* (hex came later), Fortran (1957), and COBOL (1959), so I have watched most of the evolution of modern computer science from the front row seats. Never has it moved with anything like the speed I see right here on my own PC today. The new release of my pet app (yes, I have AI favorites) has added serious vision/graphic capabilities, complex coding (including codebase queries), new human languages (Spanish, Japanese, and French), and a whole new prompt library to enhance access.
My point? The real AI risk for risk managers today is not keeping up with the new, evolving abilities of AI. Each new dimension enlarges both our exposures (I can now make embarrassing mistakes in Japanese if I'm not careful) and our potential span of control if we deploy AI as a risk tool. Question — are your marketing folks using DALL-E 3 for new graphics? Are they watching (as I am) the sneak previews for SORA, planning to up their game with CGI-level "action" product expositions as soon as it is officially released? (No official date as of this writing.) SORA is perhaps the biggest game-changer in the AI revolution thus far, with dramatic potential for interrupting numerous vendor relationships while creating wondrous — and possibly dangerous — new abilities for the creative folks in marketing.
The AI apps I have on my own PC right now make me a potential Sorcerer's Apprentice. What's going on down the hall from you?
*"Can you believe this is what we started with?" in binary: "1000011 1100001 1101110 100000 1111001 1101111 1110101 100000 1100010 1100101 1101100 1101001 1100101 1110110 1100101 100000 1110100 1101000 1101001 1110011 100000 1101001 1110011 100000 1101000 1101111 1110111 100000 1101001 1110100 100000 1110011 1110100 1100001 1110010 1110100 1100101 1100100 111111." Imagine coding that all day.
Author
Dr. Gary Anderberg
Make Gallagher Bassett your dependable partner
When making the right decision at the right time is critical to minimize risk for your business, count on Gallagher Bassett's extensive experience and global network to deliver.