UBS On-Air: Market Moves Artificial Intelligence 101: Past, present & future impacts with Zhang Zhang (Polen Capital)
May 9, 2025
Join Zhang Zhang, Head of AI and Risk Analytics at Polen Capital, with 15 years of experience in economics and consulting, as he dives into the evolution of artificial intelligence. hear about the delicate balance between AI hype and its real challenges. Zhang reveals insights on generative AI and its impacts on productivity and labor dynamics. The conversation emphasizes the importance of human creativity and empathy in navigating AI advancements, underscoring a need for responsible deployment and critical thinking in a rapidly changing landscape.
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AI Evolution and Moore's Law
- AI evolved from manual rule-based systems to machine learning and then to deep learning enabled by exponential increases in computing power.
- This growth, driven by Moore's Law, allows current AI models to handle human language complexity at massive scale.
AI's Invisible Presence and Shift
- Classical AI is embedded in everyday systems but often goes unnoticed as it's integrated like regular software.
- Generative AI is newer, less constrained, and allows individuals to enhance productivity in knowledge work at low cost.
Future AI Impact and Consciousness
- Generative AI can perform many smaller tasks rapidly, aiding research and data analysis efficiently.
- If AI achieves persistent long-term memory, it may appear conscious, challenging economic roles and human relationships with AI.