One hour ago, 12,000 data scientists were issued 1 million crypto-tokens to incentivize the construction of an artificial intelligence hedge fund. Here’s why. Markets work not because anyone is trying to make them work. No one trading in a market is trying to make that market efficient.
AI can improve customer personalization, identify patterns and connections that humans can't, and answer questions about banking issues in real-time. Financial institutions are already finding success with AI. However, what may be 'amazing' today will be table stakes in the near future.
The current state of AI does not yet live up to its promise. But that doesn’t mean managers should sit on the sidelines and wait until it develops further — they should start incorporating AI into business processes now.
In January 2015, a host of prominent figures in high tech and science and experts in artificial intelligence (AI) published a piece called "Research Priorities for Robust and Beneficial Artificial Intelligence: An Open Letter," calling for research on the societal impacts of AI.