Fowler: Generative AI is changing the way that everybody does their work, and this will keep evolving.
We recently launched Bing Chat Enterprise, which gives all our employees access to OpenAI’s GPT-4 (the technology behind ChatGPT) but for internal use in a safe and secure way. We are seeing many early examples of how this technology helps our employees be more productive. We believe generative AI can help with most jobs by producing the first draft of the work product.
For example, we are testing generative AI for first generation of code development and legacy code conversion. Instead of having a developer set up their code, they use generative AI to generate a first draft. Then the developer can improve it, add more complex components and ensure it meets our standards, such as security. This speeds up the code development process.
Our pet team also used generative AI to help create our Pet HealthZone, a site that provides health information for pet owners. The first draft of all the content was developed using the latest generative artificial intelligence, which was trained with our content. Our expert veterinarians on the team took the first draft from this technology, refined it, and then transformed it into valuable content for our customers.
Consumers are using generative AI models to research investments. They use it to compare different companies and investments from different sources. They use it to evaluate the pros and cons of investments. We think it has potential to be a great tool for advisors, too. Imagine an advisor who has a specific customer walk in their office. For example, a single adult, age 50, who wants to retire in the next five years and wants to know what to consider when buying an annuity? Generative AI could search all the different sources for that information and bring back the most relevant ones to help the advisor prepare their proposal for that specific customer. We see that level of personalization in financial advising as essential.
With any of these scenarios we believe that a human must remain in the loop. There is still too much risk and incorrect information in these models to rely on them without keeping a human to provide the actual advice. We also believe that judgement, empathy, and critical thinking skills are vital for advising and these skills are uniquely human.