In this podcast episode of "What is your Chat Strategy?" featuring Dan Eccleston, Co-Founder of ipushpull, interviewing Peyman Mestchian, Director of Research at UCL, they explore the transformative impact of AI and chat platforms on financial markets. Topics covered:
- Evolution and Accessibility of AI: Peyman discusses the history and recent accessibility of AI, particularly large language models, driven by data availability, hardware advancements, and AI techniques.
- AI in Financial Markets: Challenges in ensuring accuracy and reliability of AI outputs for trading and risk management, and the importance of robust data governance.
- Regulatory and Compliance Challenges: The need for model governance, transparency, and explainability in AI applications to prevent biases and ensure accurate outputs.
- Decision Intelligence: Introduction to decision intelligence, blending AI and business intelligence for enhanced decision-making, with examples from financial and medical sectors.
- Adoption of External AI Models: The debate between building in-house AI models versus licensing third-party solutions, highlighting trends and competitive advantages among large financial institutions.
- Real-Time Data Integration: Challenges and benefits of delivering real-time information for trading and risk management through chat platforms.
- Future of AI in Financial Markets: Predictions for AI's impact over the next 3-5 years, emphasizing opportunities, risks, and the need for policy development and risk management to address data bias and misinformation.
#chatgpt, #chatbots, #fintech, #ai, #workflow, #automation
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