The Lion's Den: Demystifying AI — Episode 3 — The Role of Domain Expertise in AI with Sam Jain

Sam Jain, a data science and AI expert, discusses his experiences using AI in various industries, including trading and insurance. He emphasizes the importance of domain expertise in creating successful AI models and highlights the need for a combination of foundational models and proprietary data to provide accurate and personalized answers. Jain also discusses the challenges of measuring the success of AI models and the importance of architecture in processing and analyzing data. He touches on the issue of hallucinations in AI models and the need for caution and ethical considerations in deploying AI technology.

Chapters

00:00 Introduction and Background

02:31 AI in Capital Markets

07:00 Incorporating Natural Language Processing in Insurance

09:32 Hallucinations in AI Models

20:55 Deeper Insights and Latency in AI Models

23:30 Legacy Architecture and Silo Thinking

25:23 Fragmentation and Consolidation in the AI Industry

27:26 Ethical Considerations in AI Deployment

31:11 Improvements in Chatbot Technology

33:03 Considerations for Launching a Chatbot Today