Luxembourg was the site for a compelling exploration of artificial intelligence’s (AI) evolving landscape in recent days. And some big questions about the opportunities and threats of AI were asked.
Lene Pedersen and Keith Amoss of the British Chamber of Commerce for Luxembourg’s people and leadership group moderated a panel entitled “AI in Business: a Threat or Opportunity?”
Participating in the discussion were Romit Choudhury, COO and co-founder of Softfbrik; Genna Elvin, co-founder and “chief tada officer” of Tadaweb; Thomas Kallstenius, founder and CEO of Trädtopp; Catherine Di Lorenzo, partner at Allen & Overy; and Yannick Huchard, chief technology officer at Banque Internationale à Luxembourg.
The evening opened with a pulse-check, gauging the audience’s engagement with AI. A staggering 80% of the approximately 90 attendees acknowledged regular use of AI tools like ChatGPT and Bing--a testament to the swift integration of AI into our professional and personal spheres.
The session highlighted the rapid evolution, with the audience’s response contrasting sharply with the likely scenario just 12 months prior.
Addressing pivotal issues, the panel delved into defining AI, sharing personal insights on its future, contemplating the future of work and exploring the necessity of rules to keep it under control, such as the planned EU AI regulations.
The audience gained insights into AI’s current applications, witnessing its transformative influence on finance, law, medicine and commerce as examples.
Amid concerns about AI’s impact on the job market, the panel generally expressed optimism, seeing AI as a collaborative force rather than a human task master.
Discussions between the panel members ignited by great questions from the highly engaged audience brought some ideas to light. The panel emphasized the need for individual preparedness for the impending changes, advocating the acquisition of new skills, such as prompt engineering and urged extreme caution on personal data sharing. It was important for us to protect ourselves from potential risks.
The evening illuminated the intricate relationship between humanity and AI, raising pertinent questions about the future.
Whether it heralds an opportunity or poses a threat was answered clearly: It heralds both, now.