E344: Why Development Banking Is About to Be Disrupted Like Consumer Banking Was

Back in 2018, Ozzeir Khan ran an experiment at the Asian Development Bank: could AI predict GDP better than the bank's PhD economists? It came remarkably close. The economists' verdict — if you can't explain it, it's no good, even if it's right. Eight years on, that argument is over. We talk about what generative AI is doing to document-centric institutions — development banks, law firms,…