Will AI takeover finance?
I conducted extensive research into this controversial debate with an unbiased view as I truly wanted to learn more about the impacts of AI on the finance industry and how it can be leveraged for business success. Also, I wanted to know whether I could still break into the industry without it being stolen by a robot. Artificial intelligence (AI) is intelligence demonstrated by a machine that follows instructions known as algorithms, developed by an alleged species called programmers. They have made so much headway that some even have nationalities and passports. In 2017, Sophia, the lifelike robot developed by Hanson Robotics gained citizenship of Saudi Arabia! Many say that AI will take over the finance industry. But what does “takeover” mean? If we assume it’s the extent to which finance jobs are automated, how many need to be replaced before we finally acknowledge that it’s a takeover? I am in no position to make that call. However, I can give you my thoughts on the issue, and you c...