The big banks will definitely not adopt [the technology] as quickly as any of the FinTech. Generative AI will make banks more efficient and able to provide the same products at a cheaper cost.
People don't understand that AI is there as a productivity tool; they still genuinely believe it will take away their jobs.
In anticipation of AI's potential impact, figures in the music industry have signed an open letter asking for protections against the unauthorized use of their songs to train AI models.
Generative AI has the potential to reduce the expensive burden of payments fraud; it could become a cornerstone of modern payments fraud prevention strategies.
#ai-adoption #job-displacement #regulatory-concerns #music-industry-protection #payments-fraud-prevention
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