Travers Smith's Alternative Insights: Artificial Intelligence – Humanity's sunset or the dawn of a golden age for financial services?

Ten percent. That is the probability one safety researcher at Anthropic, one of the world's largest artificial intelligence companies, recently assigned to the annihilation of humanity due to AI. Such predictions make headlines. Cynics might suggest that they redirect focus away from the real, if somewhat more prosaic, practical and ethical issues arising from the everyday adoption of AI. If people are talking about human extinction, they are not discussing concerns such as invisible algorithm-driven discrimination, intellectual property infringement, or AI's implications for national security.

Nonetheless, noisy messages about the risks of AI usage should not distract private capital firms from a more pressing question: how to deploy AI responsibly, and how to reap its considerable rewards.