AI Will Give Rise To FinTech 2.0 And Longevity Banks

  • “The most valuable and capable client demographic in terms of purchasing power are the citizens of the 7th Continent which is made up of 1 billion people over 60.
  • The global spending power of this demographic is expected to be $15 trillion this year.
  • The Longevity AI Consortium at King’s College London is developing sophisticated methods for translating advanced AI for Longevity solutions including novel applications “

Google’s Sundar Pichai doesn’t want you to be clear-eyed about AI’s dangers

  • “Alphabet and Google CEO, Sundar Pichai, is the latest tech giant kingpin to make a public call for AI to be regulated while simultaneously encouraging lawmakers towards a dilute enabling framework that does not put any hard limits on what can be done with AI technologies.
  • Google chief claiming: ‘AI has the potential to improve billions of lives, and the biggest risk may be failing to do so'”

Image Credits: Andrew Harrer / Bloomberg / Getty Images

Spanish bank applies AI to staff training

  • “The latest version of CaixaBank’s Virtaula training portal uses AI to profile staff and identify what training they might benefit from. A chatbot, which communicates using natural language, will also assist staff accessing courses if they want to take up suggestions.
  • Another HR example is in Singapore, where DBS bank is using the technology to screen applicants for wealth management jobs, with the aim of saving 40 man-hours a month. A platform known as Jim (Jobs Intelligence Maestro) supports staff in reviewing CVs, collecting responses to pre-screening questions and conducting psychometric tests.”

What is the state of AI in India?

  • “A day may come in the future when words spoken in one vernacular language would automatically be translated into another to ease out communication between people belonging to two distinct geographies.
  • We will set up 25 hubs focusing on diverse areas. Each hub will have multiple academic institutions and industry.
  • Even with government funding and industry participation, India is just at the starting point of a promising long road to harness AI for societal benefits.”