VentureBeat March 25, 2023
Mankind has been making tools for millions of years. Human society has not only evolved for centuries alongside these tools but has evolved because of them. In our digital age, the latest transformative tool is AI — the wheel that can learn to reinvent itself, pushing the boundaries of what a tool can do or be.
With its vast potential across industries and sectors, global AI spending is forecasted to double between 2020 and 2024, growing from $50 billion to more than $110 billion.
The financial industry is no exception: AI applications are accelerating the areas of asset management, tax analysis reporting, credit underwriting and more. The ability to strategically leverage AI has proven to be a major asset for...