Artificial Intelligence in Financial Services: Resistance is Futile

Great guest post by Theodora Lau for Irish Tech News, see more by her here. Much has been written about the advancement of Artificial Intelligence (AI). Unless you have been living in a remote island cut off from the real world, you’d likely have come across at least some applications of the technology: Digital assistants such as Siri, Google Home, and Alexa Recommendation engines such as those via Amazon and Netflix Robo advisors such as Betterment or Wealthfront Banking chatbots such as Erica from Bank of America Smart homes equipped with sensors, smart appliances, and thermostats Not surprisingly, in all of the startup pitch events I have attended this year, most presentations include mentions of “artificial intelligence”, “machine learning”, “deep learning”, or “natural language processing”. According to Crunchbase data, venture, corporate and seed investors have put an estimated $3.6 billion into AI and machine learning companies this year so far, which is more than the entire year of 2016. It would appear that we are all caught up in the AI fever. Voice Technology is exploding Nothing else illustrates this trend more so than the digital assistants in the consumer space. MIDiA Research revealed recently that 3.3 million Amazon Echo…

Link to Full Article: Artificial Intelligence in Financial Services: Resistance is Futile

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