Enthusiasts and doomsayers about ChatGPT and the actuarial profession

Published March 2023

ChatGPT and the philosophers

By Joel Walmsley

 width= JOEL WALMSLEY is a Philosopher at University College Cork, in Ireland.

Artificial Intelligence (AI) is rapidly  becoming an integral part of many industries, and the field of actuarial science is no exception.
One of the most exciting developments in AI is the advent of language models, such as Open AI’s ChatGPT. These models have the ability to understand and respond to natural language inputs, making them ideal for use in a variety of applications, including chatbots, virtual assistants, and language translation. In addition to its potential use in the field of actuarial science, ChatGPT is also being used in education to help students improve their language skills and writing abilities.
… Or so the enthusiasts say. The doomsayers, by contrast, are sceptical.

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This article represents the opinion of the author, and not necessarily the opinion of the AAE.

This article was published in The European Actuary No. 33 – March 2023

The European Actuary Magazine