Thriving as an Actuary in the Age of Generative AI

Successful actuaries in a generative AI world. Show a large group of actuaries from an aerial view. They are from a diverse background of gender and race. Photorealistic with bokeh effect.
Standing out, created using Bing Image Creator

This blog post was first published in the June 2023 edition of The Actuary magazine. It’s also part of an ongoing series on how I use AI interns to improve my life. In this case, I’ve used ChatGPT for writing inspiration. The complete prompts and responses are at the bottom of the page.

Artificial Intelligence (AI) and machine learning (ML) techniques have been much hyped over the years. Beyond creating alternatives to generalised linear model (GLM), they have not come close to revolutionising actuarial work. Adoption of AI and ML techniques by the profession has been hampered by a lack of quality data and poor data infrastructure. Worse still, premature guardrails were imposed with good but misguided intentions – overzealous guidelines on AI safety and ethics were not commensurate with the primitive capabilities of the AI models in use.

In recent months, there have been impressive breakthroughs in AI models. You would have heard about ChatGPT and its ilk by now. These generative AI systems are unlike any that has come before – not only do they understand natural language (ChatGPT tells me it understands over 100 languages), they generate text, software code, and images with human-like flair and creativity.

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How I Used AI Interns to Improve My Life

A robot finger touching human finger in the style of the painting on the Sistine Chapel
AI’s helping hand, created using Bing Image Creator

Artificial Intelligence (AI) is getting good, real good. Kevin Kelly, the futurist, has introduced the idea of AI as a universal personal intern (UPI) because its current capability is at the level of a competent intern – good enough to do the initial legwork but that work needs to be checked.

I’ve been making good use of generative AI like ChatGPT to solve real problems in my life. I’ve always enjoyed reading Twitter threads on how people use ChatGPT in an innovative way (the one that asks it to make as much money as possible is by far the most entertaining).

In the same spirit, I’ve decided to start a series of blog posts to share how I’m using AI. ChatGPT has suggested that I call this series “How I Used AI Interns to Improve My Life” for maximum clicks.

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Thoughts on Tesla AI Day 2022

🖤 Tesla

I love this time of the year – crisp autumn mornings, fall foliage, pumpkin spice latte, and Tesla’s annual AI Day.

Tesla AI Day is part product demonstration, part university lectures. These events provide technical details that showcase the company’s progress in artificial intelligence (AI) and robotics. They’re also staged to attract the best and brightest.

Tesla’s ability to recruit and retain top science and engineering talents in the age of the Great Resignation is an unparalleled competitive advantage, on par with its zero advertisement customer acquisition strategy.

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Thoughts on Tesla AI Day

Tesla Bot; photo from Lex Fridman’s tweet

Tesla has done several technical deep dives over the years to give the world an update on the company’s progress in fully self-driving (FSD) and battery technology. It started with Autonomy Day, followed by Battery Day, and more recently, AI Day. Tesla uses these events to help recruit the best and brightest.

The events are also probably staged to make Tesla stock short sellers sweat profusely. Elon Musk had, in various presentations, interviews and podcasts, alluded to most things presented at the event. To see them fleshed out in details must have made critics regret calling Elon Musk a shyster.

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