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DeepNewz, mobile.
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The financial services industry is increasingly adopting generative AI (genAI) to enhance efficiency and adapt to changing consumer behaviors, keeping ROI in mind. Recent insights indicate that this trend is somewhat counterintuitive, as heavily regulated industries like finance are proving to be well-suited for AI integration through rapid experimentation and iteration. Notable advancements include AI-driven marketing strategies that quickly adapt to consumer trends and the use of genAI across various financial services. At the 2024 MIT AI Conference, Professor Andrew Lo highlighted a study showing that generative AI could nearly meet expert benchmarks, potentially replacing human financial advisors.
Financial services firms see genAI use cases leading to efficiency boom https://t.co/GShq9ECSGA Gen AI use cases are proliferating in financial services to illustrate a trend that's a bit counterintuitive--heavily regulated industries appear to be better set up for AI….@ldignan
1/3 At the 2024 MIT AI Conference, Prof. Andrew Lo presented a significant study on generative AI's role in finance. Can LLMs like GPT-4 replace human financial advisors? The research shows promise, with AI nearly passing expert benchmarks. #AIinFinance #TrustedAI https://t.co/sQF77BaoKi
Banking is one of the first industries investing in #AI across the board w/ ROI in mind. Through rapid experimentation and iteration, a small group is quickly pulling away from the pack: https://t.co/UxpCzICxsK #ArtificialIntelligence #ML #MachineLearning #FinTech #FinServ
