Will AI doctors know if you're lying?

Welcome to AI Collision,

In today’s collision between AI and our world,

Big yellow trucks, drills and more money
AI doctors are trustworthy, but what if the humans are not?
iRobot up, BOTZ down

If that’s enough to get the hydraulic fluid pumping, read on…

AI Collision 💥 Big mining goes big on AI for bigger profits

photography of excavators at mining area — Photo by Dominik Vanyi on Unsplash

BHP (ASX:BHP) is one of the top three biggest mining companies in the world. With a market capitalisation of AU$223 billion and annual revenue in 2023 of AU$53.8 billion it is a powerhouse of global markets.

They mine everything from copper to gold, iron ore, nickel, metallurgical coal and even have the world’s single largest deposit of uranium at their Olympic Dam open cut mine.

When you think BHP you think dirt, big yellow trucks, metals, drilling, real hard graft kind of work.

You don’t think artificial intelligence. In fact AI is about as removed from BHP as you could imagine.

Except, it’s not.

BHP has been around a long time, 138 years to be precise. BHP existed before, automobiles, planes, television, radio and was only a couple of years after Edison invented the light bulb!

They’ve seen their fair share of technology evolution. And while a giant mining company that’s been a literal part of building our modern world, they’re also really high tech.

BHP were pioneers in the use of autonomous trucks. They first rolled out an entirely autonomous fleet of mining trucks at their Jimblebar iron ore mine in 2017. It helped them to reduce risk and improve productivity.

And now they’re showing the benefits of what happens when you take on new technologies in seemingly opposed industry.

In a new collaboration with Microsoft (NASDAQ:MSFT) BHP is rolling out AI and advanced machine learning to help them get better at mining copper.

They’re using it at their Escondida mine in Chile to generate more value from their existing mining projects.

Don’t expect this to be the last of BHP’s use of AI in their mining operations. In fact I’d suggest that every single mining site they operate will end up with AI combing through the dirt (so to speak) to help them maximise the full commercial potential of every tonne of dirt they dig up.

That means the use of AI for greater efficiency, productivity, resource potential – which means, more revenues, and very likely more profits.

BHP and Microsoft, the perfect collision of AI and industry – and keeps BHP relevant for the next 100 years.

AI Gone Wild 🤪

Have you ever made an application for some kind of health related insurance product?

You know, life insurance, or crisis (cancer) cover, anything like that?

You probably have, after all insurance is the biggest con job the financial world pulled on us all, but we still all get it anyway…

Nonetheless, let me ask you this…are you 100% truthful on the questionnaire about your health? Most people are, and you have to disclose everything anyway otherwise if you do claim you’re going to be up that creek!

But what about that pesky “How many standard drinks per week” question we all take pause over.

We all stop and think about it…

How many standard drinks is in a pint? In a glass of wine? How many beers and wines do I have per week? Is it 5 standard drinks, 10, 20!! Is 20 a bad number? Is my premium going to be 100% higher if it’s 15? Oh my god will they think I’m an ALCOHOLIC?

We all know that humans have a propensity for stretching the truth here and there. A little white lie, a fib, or just flat out bullshit.

So what happens if AI gets involved?

The idea of AI in healthcare isn’t new. In fact radiology has been integrating AI into imagery and diagnosis for many year. But what about if your next trip to the GP is face to face with an AI doctor?

Will you be truthful? Or when faced with a non-human GP will it be easier to lie? Maybe you’ll be truthful and all will be fine. But what about serious drug abusers? Will they just lob into the AI doctor complaining of anything just to get painkillers?

Will the AI know they’re lying? Will it be easier to lie to an AI doctor? Will AI accelerate the opioid epidemic in places like the US, or stop it dead in its tracks?

AI in healthcare is certainly in our future. And recent studies suggest that AI may be even better at diagnosis than human doctors.

Perhaps it’s not the AI we have to worry about. It’s the humans.

Boomers & Busters 💰

AI and AI-related stocks and moving and shaking up the markets this week. (All performance data below over the last week).

man in black suit jacket and black pants figurine

Boom 📈

iRobot (NASDAQ:IRBT) up 6.2%
Darktrace Plc (LSE:DARK) up 3.3%
Bigtincan Holdings (ASX:BTH) up 3.2%

Bust 📉

C3.ai (NASDAQ:AI) down 10.4%
Brainchip Holdings (ASX:BRN) down 33%
Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) down 3.3%

From the hive mind 🧠

Artificial Pollteligence 🗳️

Here in our Artificial Polltelligence (yes, I know, possibly the worst made up word in the world) section, typically on a Tuesday I’ll share the results of the AI-focused poll questions and dissect the outcome.

Note: The poll itself you’ll find usually in our Thursday letter.

But seeing as this is our first ever AI Collision newsletter, I’m putting a poll in here today, letting it run for the week and then we’ll check out the answers next Tuesday.