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The Slow Adoption and Huge Opportunities of Generative AI in the Financial Services Industry
The chapter focuses on the slow adoption of generative AI in the financial services industry, but also highlights the huge opportunities it presents. The speakers discuss the differences between predictive AI and generative AI, the potential benefits for incumbents, and their focus on supporting existing companies and finding new opportunities. They also discuss specific areas within financial services that can benefit from adopting generative AI, such as compliance and insurance.