How AI is changing the world of finance

  • “According to the OECD report on AI, ML, and Big Data in finance, global spending on AI is forecast to double for 2020-24, growing from $50 billion to more than $110 billion over four years.
  • According to a 2020 JPMorgan study, over 60% of trades over $10 million were executed using algorithms. Moreover, the algorithmic trading market is expected to grow by $4 billion by 2024, bringing the total volume to $19 billion.”

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