4min chapter

Artificial Intelligence and You cover image

150 - Guest: Alexandra Mousavizadeh, Strategic Intelligence Expert, part 2

Artificial Intelligence and You

CHAPTER

The Destabilizing Effect of AI on the Banking Industry

AI adoption could be destabilizing for the banking industry. The winner take all has only been accelerated with the release of chat GPT, I think. It's become much clearer that the breakthroughs, especially on the large language models which can be applied across many areas of in banks. If you're not ready to incorporate that or thinking about how to incorporate that it's going to be very difficult to stay competitive as a bank.

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