Well AI just a marketing term for tools that have been in use for years. They have just become less expensive and more widely available (and of course better). If you are looking for actual intelligence (or sentience) no it does not exist.
But computers are incredibly useful for analysing large amounts of data, identifying patterns and predictive algorithms. I have twice had bank cards cancelled for innocuous looking transactions of less than 10 pounds. Both times the bank was right and the transactions were not mine - and I would likely never have noticed.
Over 10 years ago I worked on a search engine for institutional investors - less than 100 companies in the world could even afford the system. When we went live with the system the CEO of Barclays Capital said that we had just demonstrated in 30 seconds what would have taken a team of analysts two weeks to discover. This was also based on NLP, which is the basis for chatGPT. In computing terms 10 years ago is a lifetime away, but this stuff is not new. And 10 years ago we could only dream of the computing power available today.
One of the more fun projects I worked on was a predictive algorithm for Amazon. The idea was to analyse each customers behaviour so that when they started browsing a product type they could identify how likely the customer was to buy something, how long it would take them to make a decision and which product they would buy. The idea behind this was that they would actually ship the product (to a local warehouse) before the customer bought it. I have no idea what utimately became of it but the initial UK pilots were very encouraging.
And all this "intelligence" is being applied to our own internet usage every single day. Most people would be shocked to realise just how detailed and accurate a personal profile of themselves is available - and not just in terms of usage, this is used for consumer behaviour, psycholigical profiling, government monitoring, in the name of security (I love how the UK and US govts criticise China and TikTok when they are doing exactly the same thing at home). But do feel free to keep using social media and allowing advertisers (and others) to build an even better picture of you
Today I work in international financial crime (detection and prevention, not perpetration
) and the success rate is staggering. Equally impressive are some of the results we are seeing in clinical diagnostics and prediction. Different field but same tools and techniques so we do share across disciplines. No its
not intelligence, but it is very very good when you go beyond what hits the headlines.