What the Finance Industry Tells Us About the Future of AI

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'Can financial markets figure out how to capitalize on the wonders of AI?'

The meteoric rise of artificial intelligence in the public conscience has caused many people to question what an AI-dominated future looks like.

Will AI transform industries? If so, will it democratize or consolidate them? Will it create better or worse outcomes? Outlines of answers can be found in the world of finance which has been transformed in the last decade by the same forces driving AI: the diffusion of ever more powerful computing and the profusion of data. The experience of finance is both encouraging and sobering for an AI-dominated future.

 

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