Imagine a world where your doctor is an algorithm, where your teacher is a chatbot, and where your therapist is a talking screen. Well, my dear friends, this isn't far from reality. This is what is happening right now.And the question that you're not asking is that what can these AI tools do. The question we are asking is what and do humans still matter. Well, yes.I can assure you that we matter more than ever now as we are right now in the golden era of AI. Well, like let's start with the basic difference ...

AI's Impact on Financial Decisions - AI is shaping financial decisions, analyzing and monetizing every tap and scroll [5] - The speed of finance has changed, democratizing the system but also opening it to split-second manipulation [10][11] - AI used in financial algorithms prioritizes profitability over fairness, contributing to high credit card debt and wealth inequality [13] - Individuals are potentially losing an average of €100,000 in interest due to AI-driven financial systems [19] The Role of Financial Literacy - Financial literacy is crucial to understand how AI works in personal finance and to make better financial decisions [12] - Countries with better financial literacy have less debt defaults, grow their economies quicker, and decrease income inequality [21] - A 10% increase in a country's financial literacy can decrease income inequality by 5% [21] AI in Financial Products - AI influences insurance premiums based on social media activity, potentially hiking up premiums for perceived risks [15][16] - AI plays a significant role in mortgage and loan decisions, making approvals or denials in 0.03 seconds [17] - Mortgage and loan rates are heavily influenced by AI, considering factors like device type, time of day, and social media connections [18] Future Outlook - The World Economic Forum suggests that by 2050, the inequality gap will widen, splitting society into those who understand AI in finance and those who are used by it [20]

Whereas tax advice was once dispensed by a well-dressed fellow in a wood-panelled office, today it arrives through bespoke algorithms https://t.co/RT2XynAbYI ...

As increasing demand for workers to train algorithms and annotate digital data brings a boost to the industry, a growing share of the work in the coming years is expected to be done by Africans.The jobs are sorely needed https://t.co/psLsLzoWkd ...

So let's talk about the impact of AI on trading, right. And how that technology is kind of reshaping behavior and what it ultimately means for investors. It's interesting.Well, first of all, AI is certainly the investment theme of the last few years, right. It's no coincidence that chat GPT was released in November 2022. That's really when that bull run dates to.So no coincidence there. But in terms of using AI, I I would say right now there are people trying to do it. I think right now some of the algorith ...

Hey Helen, do you remember back in CO when Trump made that weird statement suggesting that injecting disinfectant might be a potential cure to the pandemic. Yeah, Luna, I vividly remember how people actually believed him. I mean, looking back at the absurdity, it's easy to laugh, but at the time, it had serious consequences that could have been disastrous.Public confusion, media frenzy, and even cases of poisoning. We can all agree that the CO 19 pandemic was a time of fear. It was a time of hysteria and es ...

Competitive Advantage - Data is the primary pillar for a durable competitive advantage among model providers [1] - Algorithms are IP that the industry will eventually learn [2] - Compute can be acquired by spending more money [2] - Data is an area where a long-term sustainable competitive advantage can be produced [2]