'A parrot and a Labrador': Is the CEO who doubts AI running out of time?

‘The US is building AI analysts. The UK is mostly building AI auditors’

clock • 5 min read

Gary Abela looks at the development of AI in advice…

At the NextWealth conference earlier this year, someone asked Mark FitzPatrick, CEO of St James's Place (SJP), about artificial intelligence.  His answer has stayed with me. "Somebody said to me that a lot of these, whether it's OpenAI or ChatGPT or Claude or whatever, it's a combination of a parrot and a Labrador. It will repeat back what it hears and what it knows along the way. And the Labrador is there because it's actually keen that you like it."  FitzPatrick is an impressive executive who has steered SJP through a bruising period.  Perhaps it was just an off-the-cuff remark. ...

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