What Does AI Buy Us or Cost Us? Views From the Financial Industry
Harvard Data Science Review Podcast
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Navigating AI in Finance: Opportunities and Ethical Dilemmas
This chapter examines the dual landscape of opportunities and challenges presented by AI in the financial sector, discussing its predictive capabilities alongside its slow adoption. It highlights the ethical implications of AI, including biases and accountability issues, while stressing the importance of adhering to best practices and regulations. Furthermore, the chapter emphasizes the need for a nuanced understanding of cultural perspectives on data privacy and algorithm ethics to foster responsible AI integration.
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