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Aug 9, 2023

What the Finance Industry Tells Us About the Future of AI

Posted by in categories: business, employment, finance, information science, robotics/AI

Summary.


What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players. But it may not leave the overall system better off.

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The sector is a test case for how new technology will play out.

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