Financial services make up at least a fifth of the entire global economy. It has always been a heavy user of technology, investing at least triple as much in technology as the retail sector or manufacturing. Given this, it is unsurprising that financial services have also been early adopters of artificial intelligence (AI). It is…
It is now almost three years since ChatGPT was unleashed on an unsuspecting world. Two months later, it had 100 million users, making it the fastest adopted consumer application in history. A torrent of money was thrown at AI, from venture capital firms backing AI start-ups (a third of all venture capital went into AI…
There is little doubt that the release of ChatGPT in November 2022, and the tsunami of artificial intelligence (AI) investment that followed had a seismic impact on the global economy. In Q2 2025 $40 billion, or 45% of all venture capital (VC) funding, went to AI-related companies, according to Crunchbase. On the day that I…
Artificial intelligence (AI), in particular its trendiest flavour, called generative AI, is having an increasing impact on the world’s environment. The large language models (LLMs) that are the basis of generative AI require prodigious computing resources. An LLM needs to be trained on data and, once up and running, then produces answers to user prompts.…
Most of us by now will have tried using an AI chatbot like ChatGPT or Claude or Perplexity or Grok. They are hard to avoid, with, for example, Google now putting AI-generated answers at the top of its queries, with sometimes amusing results. However, if you are to implement one of these generative AI tools…