Chinese hedge fund managers are racing to incorporate ChatGPT-style AI into their business strategies because, as one tells Reuters, “it can draw conclusions from a complicated network of relationships with numerous dimensions in ways human brains cannot”. Yes, but it can also screw up. This week Steven Schwartz, a New York lawyer, faces a disciplinary tribunal after admitting using ChatGPT to produce a 10-page brief in a personal injury case against a Colombian airline. The brief included detailed citations from supposedly relevant cases, but they were all invented. Imagine the movie, a few years from now, about the implosion of the Chinese fintech sector because of its indiscriminate use of generative AI that turned out to generate mainly nonsense.
Left alone, AI makes a fool of itself