AI Wealthtech: Ten Key AI Terms and Their Applications in the Wealth Management Industry
Artificial Intelligence
Artificial intelligence (AI) is a branch of computer science that aims to create intelligent machines that can think and learn for themselves. In 1950 when computers where just starting Alan Turing was asking the question “can machines think?” This question is still debated to this day but there is little doubt that Turing would be incredibly impressed with modern computing and what it has achieved in this field.
Modern AI is able to beat grand masters in chess and be used to predict financial markets. The term is still pretty loose with no real set of clear boundaries defining it but any machine that is able to think intelligently and learn is generally considered to be an Artificial Intelligent machine.
