Generative AI is the technology behind the wave of new online tools used by millions around the world. As the technology is ever more widely deployed, what are its current strengths and its weaknesses?

00:00 – What is generative AI?
00:46 – Breakthroughs and take-up of the technology
02:03 – Strengths
03:32 – Weaknesses

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Research: AI in Financial Services: Turing report launch

The Alan Turing Institute, in collaboration with the Financial Conduct Authority, has thoroughly examined the benefits and challenges raised by the use of AI in financial services and the role of AI transparency in addressing these issues. This session marks the publication of The Alan Turing Institute’s long-awaited final report. Join the speakers as they reflect on the report’s main findings and highlight their relevance for financial service providers, regulators, consumers and other stakeholders.

Featuring:
Ravi Bhalla – Head of Department, FCA Innovate – Financial Conduct Authority
Cosmina Dorobantu – Deputy Director, Public Policy Programme – The Alan Turing Institute
Florian Ostmann – Policy Theme Lead – The Alan Turing Institute

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Financial companies rely on artificial intelligence to improve everything related to regulatory compliance, lending decision-making, fraud detection, credit risk assessment, wealth management, and beyond. This session covers the current work in Regtech, Risktech, and ESG as well as broader applications of AI in the Fintech space at FIS Global.

The biggest factors contributing to companies’ bottom lines right now are high interest rates and artificial intelligence says Mark Zandi, chief economist at Moody’s Analytics. Artificial intelligence presents both challenges and opportunities for workers and employees, according to Zandi.

“If you’re able to harness the power of artificial intelligence in your work, you’re more productive. You should be able to command a higher wage and benefit from the fact that AI is lifting everyone’s productivity for businesses,” said Zandi.

He also said AI will be implemented differently across various sectors of the economy.

In this episode of The Bottom Line, he discusses key risks for companies including climate change, inflation and whether the U.S. will remain the world’s leading economy.

Chapters:
00:00 — Introduction
00:17 — Artificial Intelligence
02:38 — Interest Rates
03:11 — Inflation
04:15 — Recession
06:04 — Climate Change
07:33 — Will the U.S. remain on top?

Produced, Shot and Edited by: Mark Licea
Additional Reporting by: Lindsey Jacobson
Supervising Producer: Lindsey Jacobson

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How AI, Interest Rates And Inflation Impact Companies: Mark Zandi