AI Revolutionizing Code and Finance: GitHub Copilot and UniSuper Lead the Way

Generative AI tools, such as GitHub Copilot, ChatGPT, and others, are increasingly automating coding tasks, leading to a 20% reduction in software development roles and challenging the future of manual coding. Industry leaders like OpenAI's Sam Altman and InMobi's Naveen Tewari predict significant automation of coding tasks, impacting job availability and wages. However, figures like Andrew Ng and Bill Gates highlight that AI lacks adaptability and creativity, making human involvement still vital. While AI can enhance productivity, it poses challenges like security risks and integration issues, necessitating careful oversight and ongoing upskilling for software engineers. As AI technology advances, roles emphasizing governance, collaboration, and strategic business development are expected to thrive. (Source)

UniSuper is leveraging agentic AI to boost efficiency within its financial advisory team by automating note-taking through Microsoft's Copilot Studio and Power Automate, saving approximately 2000 hours annually and allowing for a seven percent increase in client meetings. Matt Bright, UniSuper's senior manager of emerging technology and efficiency, highlights the integration of these tools to streamline processes, and subsequently trained staff extensively to ensure prompt and widespread adoption. Initially implemented for a subset of employees, the AI tool Copilot was expanded to all 1200 staff by September last year, resulting in reduced use of external AI platforms and achieving an 80 percent active utilization rate. UniSuper aims to extend AI capabilities to improve personalized member experiences, aspiring to be a leader in retirement services by turning these technologies towards user engagement and tailored interactions, akin to their vision of being the "Netflix of retirement." (Source)