If AI were a toy, what toy would it be? Oh, I can only think of a piñata. The thing that you whack and it all falls out? Yeah. All these surprising things come out. Yeah, absolutely. I like to think about artificial intelligence really redefining the relation between man and machine. The application of AI in healthcare is really the one that I prefer most, because of the impact this is going to have. For young emerging markets where infectious diseases are perhaps more prevalent, think about vaccine developments. AI is currently facilitating the development of pharmaceuticals, innovative ones. It is facilitating treatment areas, making them more accurate, shortening research processes, therefore making treatment avenues much more affordable and more importantly, accessible. So AI will be really good for emerging markets? Emerging markets are really discovering this technology as a way to leap ahead. I mean, think about China.

Here you have a very populous country of more than a billion people that is currently aging at one of the fastest rates. Population aging is going really to redefine a number of ways how our society just operates and what its needs are. Artificial intelligence could actually play quite a vital role in future-proofing those new models. Think about it for a minute: the ingestion of important medicine, keeping track and monitoring patients, how the older population is housed may also be completely redefined with what I would call the co-bots, the collaborative robots that are helping people at home. Not to even mention the financial sustainability. There are a number of developed nations that are facing a pretty dark outlook as far as their social expenses are concerned. Artificial intelligence may eventually also be one of the ways in which they can eventually limit the explosion of healthcare costs. I think we are at the beginning of the AI adoption process. Forecasts are that by 2030, sectors like

finance, but also manufacturing, mobility, and even retail are just going to make use of that technology to provide better services, more accurate predictions. Think about fraud detection, also credit risk evaluation. The possibility to make use of big data is just going to make risk management so much better. I'm sure that there will be first mover advantages in quite a range of industries. Lombard Odier has a long history of looking at innovative areas. Transformations that are creating investment opportunities for our investor, making sure to identify the way in which investors create financial value. Artificial intelligence is still a technology that continues to be developed and is creating a lot of new business models. Artificial intelligence is just at the start of its broad application.

The Future of AI Business Models | FT Rethink

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