{"id":196058,"date":"2024-07-17T10:30:00","date_gmt":"2024-07-17T14:30:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/uncategorized\/human-like-decisions-but-better\/"},"modified":"2024-07-18T09:01:12","modified_gmt":"2024-07-18T09:01:12","slug":"human-like-decisions-but-better","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/human-like-decisions-but-better\/","title":{"rendered":"\u201cHuman-like decisions, but better\u201d"},"content":{"rendered":"\n

This was the expression used to describe the power embedded within generative AI<\/strong> by the CEO and co-founder of Harmonic Security<\/a>, Alastair Paterson, with whom your author caught up recently. Alastair is well-known within the industry, having previously co-founded Digital Shadows (featured in a prior 2021 Blog post<\/a>). Our wide-ranging conversation over Zoom discussed everything from AI to cyber<\/strong> with the intention of gaining novel insights into many key future trends.<\/p>\n\n\n\n

Listening to Alastair speak, it is hard not to be excited about how AI can improve outcomes. For him, \u201ceveryone [in Silicon Valley] was blown away at the start\u201d, when Chat-GPT initially appeared. AI is \u201clike another Industrial Revolution.\u201d<\/strong> Think of it as \u201cthe start of a new era.\u201d However, Alastair also cautioned that we are \u201cin a bubble\u201d and that \u201chype is at a crescendo.\u201d<\/strong><\/p>\n\n\n\n

We have sought to reconcile these potentially opposing viewpoints in our own work (see here<\/a> and here<\/a>), but Alastair\u2019s way through is a logical one: identify what the problem is and then ask the question of whether AI will genuinely be able to help solve it.<\/strong> For Harmonic, the use-case is very simple. Corporate data has always represented one of the biggest moats for any business, and so how to ensure that these data are not put at risk in a world of large language models is foundational. We have long argued<\/a> that data have no value unless secured, stored and analysed<\/strong>.<\/p>\n\n\n\n

AI has given businesses such as Harmonic \u201ca new set of tools\u201d to help solve this problem.\u00a0Data protection is \u201ca fundamental of security.\u201d\u00a0<\/strong>Every potential customer \u201cgets it\u201d, according to Alastair. Ask most Boards what their primary concern is, and while the ethics and biases inherent in some LLMs (along with their tendency still to hallucinate) may be a valid discussion point, data privacy is front of mind. While AI may, over time, allow cyber criminals not only to accelerate the speed but also the sophistication of their attacks, the improved processes that the technology can bring to businesses as part of their defence strategy should be a reason for\u00a0\u201ccautious optimism\u201d<\/strong>, in Alastair\u2019s words. Consider this expression as an appropriate metaphor for how we believe the broader impact of AI could unfold in the near future.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted July 17, 2024 – \u201cHuman-like decisions, but better\u201d<\/a><\/p>\n\n\n\n

The above does not constitute investment advice and is the sole opinion of the author at the time of publication. Past performance is no guide to future performance and the value of investments and income from them can fall as well as rise.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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