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Adopted leather folio case iphone 61/12/2024 ![]() ![]() How? By not seeing generative AI as an end unto itself, but instead by “delivering generative AI as a component within the broader software or workflow process.” After we published we wondered: Would any of this actually come to fruition? While this tension was true, she argued that there was still tremendous opportunity for generative AI to revolutionize the distribution, manufacturing and servicing of financial services. In it, she identified the inherent incompatibility between the conservative financial services industry, which requires perfection for regulatory and business underwriting considerations, on the one hand, and the permissive nature of generative AI, on the other, which provides the “next best” token prediction and is by definition not precise or accurate. Her piece was one of the early thought pieces on generative AI for fintech. In January of this year, our partner Sarah wrote a piece considering the potential impact of the generative AI revolution on the financial services industry: “ How Fintech Can Jump on the Generative AI Bandwagon.” At the time, the financial services ecosystem was eerily silent, even though ChatGPT had been released to the public a couple months earlier, and Twitter and articles all over the startup ecosystem were abuzz with grand prophecies of the profound impact generative artificial intelligence would have across the tech world.Īs an investor who spends a lot of time in fintech, one thing that struck me about the coverage of generative AI has been how infrequently applications to financial services are discussed… Why is fintech not feeling the love? ![]()
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