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Financial Services Will Embrace Generative AI Faster Than You Think | Andreessen Horowitz

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Angela Strange, Anish Acharya, Sumeet Singh, Alex Rampell, Marc Andrusko, Joe Schmidt, David Haber, and Seema Amble Artificial intelligence and machine learning have been used in the financial services industry for more than a decade, enabling enhancements that range from better underwriting to improved foundational fraud scores. Generative AI via large language models (LLMs) represents a monumental leap and is transforming education, games, commerce, and more. While traditional AI/ML is focused on making predictions or classifications based on existing data, generative AI creates net-new content. This ability to train LLMs on vast amounts of unstructured data, combined with essentially unlimited computational power, could yield the largest transformation the financial services market has seen in decades. Unlike other platform shifts—internet, mobile, cloud—where the financial services industry lagged in adoption, here we expect to see the best new companies and incumbents embrace gene

Financial Services Will Embrace Generative AI Faster Than You Think | Andreessen Horowitz Fintech Financial Services Will Embrace Generative AI Faster Than You Think Angela Strange, Anish Acharya, Sumeet Singh, Alex Rampell, Marc Andrusko, Joe Schmidt, David Haber, and Seema Amble Posted April 19, 2023 Available in 日本語 Subscribe Share Share Email X LinkedIn Facebook Hacker News WhatsApp Flipboard Reddit See more: Banking on AI See more: Banking on AI Financial Services Will Embrace Generative AI Faster Than You Think Table of Contents Share Share Email X LinkedIn Facebook

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