How Artificial Intelligence Will Disrupt the Financial Sector

My latest article:

The financial world relies on tailor-made solutions. Every private customer or enterprise is in a different situation and a mass market approach does not work. Therefore, banks and insurance companies have long relied on human advisors to do the work. However, with the rapid advancements of AI, many of these tasks can now be automated. With machine learning, every customer can have their own private adviser, offering advice completely tailored to their unique situation. With the industry creating and collecting vast troves of data, artificial intelligence is the future of finance.

Three Useful Nuggets of Information

My weekly tips from around the web to get you thinking.

1. AI outperforms humans in detecting lung cancer.

Google researchers trained and tested an algorithm on 42.000 CT scans to detect malignant lung nodules. The model returned fewer false positives and false negatives than human radiologists. Whether this research can be replicated remains to be seen, but it is another example where AI performs better than humans. (Medical News Today)

2. An AI-powered toilet. Yes, please!

AI does not only disrupt the financial sector but it now also invaded the smallest room in the house. The intelligent toilet is built in with sensors, LED-lights that change dynamically and, of course, Alexa, so you can talk to Alexa if you get bored. (Forbes)

3. Are female voice assistants fuelling stereotypes?

Most of the AI voice assistants are automatically set to a female voice. According to a new UN report, this sends a signal that woman are docile, eager-to-please helpers, without any agency and always willing to please their masters. (UN)