Today we welcome Imran Ahmad, a cybersecurity expert, lawyer and University of Toronto professor. Imran shares the latest developments in artificial intelligence and the cybersecurity space. According to recent reports by Bloomberg Intelligence, generative AI is poised to become a $1.3 trillion market by 2032. Imran says there’s alot of noise in the AI market especially since the launch of ChatGPT in November of 2022. Since then, companies have increased their investments in AI because their competitive future depends on it. But Imran notes the real value of AI is on the proprietary technology that is going to use data sets unique to clients. Without the right data set, you may not get a good outcome. He adds the three main types of investment in AI are: generative AI which is consumer-friendly, transformative AI which is a little more difficult to use and thirdly, joint investments which translates into collaborating to create a better tool. Imran says the best practices to keep data safe is creating less extensive accounts, being mindful of what you share with others, keeping your digital footprint short and doing your due diligence when buying AI products.

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