The Rise of AI in Financial Services
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Questions and Answers

Artificial Intelligence has only recently become an integral part of fast-paced industries

False

Artificial Intelligence was originally introduced in fairy tales and fiction books

True

Executive managers and business owners are not actively exploring new AI use in finance and other areas

False

Less than 70 years have passed since the term Artificial Intelligence came into existence

<p>True</p> Signup and view all the answers

People often realize the extensive involvement of Artificial Intelligence in their day-to-day life

<p>False</p> Signup and view all the answers

What are the two main concepts mentioned in the text?

<p>Big Data and Artificial Intelligence</p> Signup and view all the answers

Where is potentially actionable information already coming from?

<p>Satellites, social media, and point-of-sale terminals</p> Signup and view all the answers

What kind of data is described as 'unstructured' in the text?

<p>Data not in a spreadsheet or other standard format</p> Signup and view all the answers

What is spawning massive artificial environments where every action, word, and decision is recorded and stored?

<p>Virtual reality</p> Signup and view all the answers

What will soon be possible to monitor and/or measure nearly everything in real time?

<p>Nearly everything</p> Signup and view all the answers

Study Notes

The History of Artificial Intelligence

  • Artificial Intelligence (AI) originated from fiction books and fairy tales, such as The Tinman from The Wizard of Oz and Maria from Metropolis
  • The term "Artificial Intelligence" was coined less than 70 years ago

AI in Modern Life

  • AI has become an integral part of fast-paced industries, including finance
  • Executive managers and business owners explore AI use to gain a competitive edge
  • AI is often involved in day-to-day life, but its presence often goes unrecognized

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Description

Test your knowledge of the growing impact of Artificial Intelligence (AI) in financial services with this quiz. Explore six real-world examples and discover the transformative potential of AI in fintech.

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