AI to Reshape Finance, Say Executives Who Struggle to Define It
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Global financial leaders are convinced artificial intelligence is poised to reshape their industry, and they’re ready to invest big -- they just can’t agree on what it is.
The World Economic Forum released a 165-page report Wednesday after setting out to study how executives plan to use AI. The first challenge, the authors found, was defining it. They quoted interviews in which executives equated AI to machine learning, labeled it a subset of machine learning or said it’s not machine learning. At least one insisted it doesn’t exist yet.