This looks set to the a good series of posts about AI and the impact on FS. As stated here, AI is all about machines doing the jobs of humans. Will AI machines replace the Actuary?
What is the time lag from Science Fiction to reality? Arthur C. Clarke wrote about geostationary satellites in 1945 and it became reality 20 years later, but Clarke’s work was more grounded in science than the Kubrick classic 2001 featuring the Hal AI computer. That was released in 1968 – 48 years ago. It is such an easy fiction trick to imagine a machine as smart as a human, but the reality of AI has been much harder. It is now getting a lot easier. AI is being democratized and is coming to a job near you. That is why this week is all about the impact of AI on different parts of the Financial Services business. Today is a general briefing about the current state of play in AI.