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AI in Finance: Revolution or Risk?

Risk Management Show

CHAPTER

Evolution of AI in Finance and Accounting Functions

The chapter explores the development and utilization of finance and accounting bots, highlighting the shift from programming languages to more accessible tools like GPTs. It emphasizes the significance of understanding AI technology for integrating AI into financial strategies and making informed decisions. The discussion covers AI's role in enhancing investment decisions, risk identification, and decision support, while underscoring the importance of regulations, ethics, and data quality in AI implementations.

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