Nikonomics - The Economics of Small Business
148 - AI SERIES: 4 - How Fear and Regulation Impact AI in Finance with David Kaylor
Apr 10, 2025
David Kaylor from Alchemy Technology, an expert in digital banking services, shares his insights on AI adoption in the traditional banking sector. He discusses the hesitation of legacy banks to embrace AI, revealing the gap between excitement and actual implementation. David showcases practical AI applications, including automating tasks with Google Apps Script and comparing useful models like Gemini and Grok. He also shares his amusing ventures in game development and highlights how to leverage AI for productivity and automation.
18:51
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Quick takeaways
- AI is transforming task automation in personal and professional settings, significantly enhancing efficiency and time management.
- Despite excitement around AI, the banking industry's cautious regulatory environment hampers rapid implementation and innovation compared to other sectors.
Deep dives
AI Automation in Personal and Work Life
AI is being utilized to automate basic tasks both personally and professionally, allowing for significant time savings. For instance, a user shared their experience of transforming a manual Python script into a Google Apps Script using AI, which enabled automatic execution without daily user intervention. This approach not only improved efficiency but also allowed the user to engage in more valuable activities while AI handled routine tasks. The integration of tools like Replit for game development further illustrates how AI simplifies coding and project execution.
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