Money, Power, and AI

Money, Power, and AI PDF

Author: Zofia Bednarz

Publisher:

Published: 2023

Total Pages: 0

ISBN-13: 9781009334334

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"This collection sheds light on how AI and automated decision-making tools bring new sources of profits and power to financial firms and governments. Chapters offer distinct perspectives from authors of diverse backgrounds and across legal systems, arguing that new rules, frameworks, and approaches are needed to prevent harms of automation"--

Money, Power and AI

Money, Power and AI PDF

Author: Zofia Bednarz

Publisher: Cambridge University Press

Published: 2023-12-31

Total Pages: 263

ISBN-13: 1009334328

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Demonstrates how AI and automated decision-making tools bring new sources of profits and power to financial firms and governments.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance PDF

Author: El Bachir Boukherouaa

Publisher: International Monetary Fund

Published: 2021-10-22

Total Pages: 35

ISBN-13: 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The Myth of Artificial Intelligence

The Myth of Artificial Intelligence PDF

Author: Erik J. Larson

Publisher: Harvard University Press

Published: 2021-04-06

Total Pages: 321

ISBN-13: 0674983513

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“Artificial intelligence has always inspired outlandish visions—that AI is going to destroy us, save us, or at the very least radically transform us. Erik Larson exposes the vast gap between the actual science underlying AI and the dramatic claims being made for it. This is a timely, important, and even essential book.” —John Horgan, author of The End of Science Many futurists insist that AI will soon achieve human levels of intelligence. From there, it will quickly eclipse the most gifted human mind. The Myth of Artificial Intelligence argues that such claims are just that: myths. We are not on the path to developing truly intelligent machines. We don’t even know where that path might be. Erik Larson charts a journey through the landscape of AI, from Alan Turing’s early work to today’s dominant models of machine learning. Since the beginning, AI researchers and enthusiasts have equated the reasoning approaches of AI with those of human intelligence. But this is a profound mistake. Even cutting-edge AI looks nothing like human intelligence. Modern AI is based on inductive reasoning: computers make statistical correlations to determine which answer is likely to be right, allowing software to, say, detect a particular face in an image. But human reasoning is entirely different. Humans do not correlate data sets; we make conjectures sensitive to context—the best guess, given our observations and what we already know about the world. We haven’t a clue how to program this kind of reasoning, known as abduction. Yet it is the heart of common sense. Larson argues that all this AI hype is bad science and bad for science. A culture of invention thrives on exploring unknowns, not overselling existing methods. Inductive AI will continue to improve at narrow tasks, but if we are to make real progress, we must abandon futuristic talk and learn to better appreciate the only true intelligence we know—our own.

AI Superpowers

AI Superpowers PDF

Author: Kai-Fu Lee

Publisher: Houghton Mifflin

Published: 2018-09-25

Total Pages: 275

ISBN-13: 132854639X

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Introduction -- China's Sputnik moment -- Copycats in the Coliseum -- China's alternate Internet universe -- A tale of two countries -- The four waves of AI -- Utopia, dystopia, and the real AI crisis -- The wisdom of cancer -- A blueprint for human co-existence with AI -- Our global AI story

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence PDF

Author: Ajay Agrawal

Publisher: University of Chicago Press

Published: 2024-03-05

Total Pages: 172

ISBN-13: 0226833127

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A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Artificial Intelligence in Banking

Artificial Intelligence in Banking PDF

Author: Introbooks

Publisher:

Published: 2020-04-07

Total Pages: 50

ISBN-13:

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In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."

The Green Energy Boom: A Global Quest for Money, Power and Energy

The Green Energy Boom: A Global Quest for Money, Power and Energy PDF

Author: Jean Missinhoun

Publisher: Jean Missinhoun

Published: 2020-11-23

Total Pages: 107

ISBN-13:

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In the 20th century, we built our daily existence around the production and consumption of fossil fuels. Our use of oil has given us more jobs, leisure time, cheaper goods, and affordable travel – just to name a few benefits. Oil has made our lives richer and more efficient. But it came at a cost. The latest catastrophe? COVID-19. Jean Missinhoun is a hedge fund investor based in London who focuses on oil and energy investments. Up until the COVID-19 crisis, Missinhoun focused on dealings with Brent crude oil, as well as options and futures. But as the pandemic continued to expand, he realized the world has two choices: continue down the destructive path of fossil fuels or make the transition to green energy. Our exploration of renewable energy has the same potential to be just as fruitful as oil was a century ago, if not more so. And with the help of artificial intelligence, who knows what new materials or inventions we’ll make next as we embark on the 21st century. The trillion dollar question is: who will be the next Rockefeller?

Hands-On Artificial Intelligence for Banking

Hands-On Artificial Intelligence for Banking PDF

Author: Jeffrey Ng

Publisher: Packt Publishing Ltd

Published: 2020-07-10

Total Pages: 232

ISBN-13: 1788833961

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Delve into the world of real-world financial applications using deep learning, artificial intelligence, and production-grade data feeds and technology with Python Key FeaturesUnderstand how to obtain financial data via Quandl or internal systemsAutomate commercial banking using artificial intelligence and Python programsImplement various artificial intelligence models to make personal banking easyBook Description Remodeling your outlook on banking begins with keeping up to date with the latest and most effective approaches, such as artificial intelligence (AI). Hands-On Artificial Intelligence for Banking is a practical guide that will help you advance in your career in the banking domain. The book will demonstrate AI implementation to make your banking services smoother, more cost-efficient, and accessible to clients, focusing on both the client- and server-side uses of AI. You’ll begin by understanding the importance of artificial intelligence, while also gaining insights into the recent AI revolution in the banking industry. Next, you’ll get hands-on machine learning experience, exploring how to use time series analysis and reinforcement learning to automate client procurements and banking and finance decisions. After this, you’ll progress to learning about mechanizing capital market decisions, using automated portfolio management systems and predicting the future of investment banking. In addition to this, you’ll explore concepts such as building personal wealth advisors and mass customization of client lifetime wealth. Finally, you’ll get to grips with some real-world AI considerations in the field of banking. By the end of this book, you’ll be equipped with the skills you need to navigate the finance domain by leveraging the power of AI. What you will learnAutomate commercial bank pricing with reinforcement learningPerform technical analysis using convolutional layers in KerasUse natural language processing (NLP) for predicting market responses and visualizing them using graph databasesDeploy a robot advisor to manage your personal finances via Open Bank APISense market needs using sentiment analysis for algorithmic marketingExplore AI adoption in banking using practical examplesUnderstand how to obtain financial data from commercial, open, and internal sourcesWho this book is for This is one of the most useful artificial intelligence books for machine learning engineers, data engineers, and data scientists working in the finance industry who are looking to implement AI in their business applications. The book will also help entrepreneurs, venture capitalists, investment bankers, and wealth managers who want to understand the importance of AI in finance and banking and how it can help them solve different problems related to these domains. Prior experience in the financial markets or banking domain, and working knowledge of the Python programming language are a must.

Artificial Intelligence

Artificial Intelligence PDF

Author: Henry E Parkins

Publisher: Independently Published

Published: 2024-01-28

Total Pages: 0

ISBN-13:

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Unlock the Secrets to Profiting from Artificial Intelligence! In "Artificial Intelligence: How to Make Money with the Power of AI," embark on an exhilarating journey into the realm of cutting-edge technology and limitless potential. This groundbreaking book is your gateway to understanding and harnessing the transformative power of AI to unlock unprecedented opportunities for financial growth and success. Delve into the depths of Artificial Intelligence and discover how this revolutionary technology is reshaping industries, revolutionizing business models, and creating new pathways to prosperity. From machine learning and deep learning to neural networks and natural language processing, explore the dynamic landscape of AI and uncover the strategies and insights you need to thrive in the digital age. Whether you're a seasoned entrepreneur, a budding innovator, or a curious enthusiast, "Artificial Intelligence: How to Make Money with the Power of AI" equips you with the knowledge, tools, and frameworks to capitalize on the immense potential of AI-driven innovation. Learn how to identify lucrative opportunities, develop innovative AI solutions, and leverage cutting-edge technologies to drive business growth, enhance competitiveness, and unlock new revenue streams. But that's not all! This comprehensive guide goes beyond theory to provide practical, actionable advice and real-world case studies that illustrate how leading companies and visionary entrepreneurs are harnessing the power of AI to achieve extraordinary success. From identifying profitable AI opportunities to monetizing data, building AI-driven products, and navigating the future of AI economics, this book is your indispensable companion on the path to AI-driven prosperity. Whether you're a business leader seeking to stay ahead of the curve, a startup founder looking to disrupt industries, or an investor exploring the next big opportunity, "Artificial Intelligence: How to Make Money with the Power of AI" is your definitive roadmap to unlocking the full potential of AI for economic growth, innovation, and financial success. Don't miss your chance to be at the forefront of the AI revolution. Get your copy of "Artificial Intelligence: How to Make Money with the Power of AI" today and embark on a transformative journey towards unlimited possibilities and unparalleled success in the digital age!