Everyday AI Podcast – An AI and ChatGPT Podcast
EP 231: NVIDIA Making Money Moves: How they're using AI to change financial services - An Everyday AI chat with Malcolm deMayo and Jordan Wilson
Mar 19, 2024
Malcolm deMayo, NVIDIA’s Global VP of Financial Services, discusses how AI is reshaping the financial industry. He emphasizes generative AI's game-changing role, urging firms to adopt technology for success. The conversation highlights NVIDIA's strategic partnerships and their influence on operational efficiency. Challenges in implementing AI, such as risk management, are also addressed. Additionally, they explore how AI enhances customer interactions and the need for upskilling staff in this rapidly evolving landscape.
28:16
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Quick takeaways
- NVIDIA is revolutionizing financial services through AI partnerships and technology solutions.
- Generative AI, like CHAT-GPT, is reshaping financial services by enhancing operational efficiency and customer experiences.
Deep dives
The Role of NVIDIA in Financial Services
NVIDIA's involvement in financial services spans over 15 years, where they focus on building strategies and partnerships to solve complex problems using their accelerated GPU platform. By working through ecosystem partners, NVIDIA ensures that customer problems are addressed effectively, leading to significant improvements like reduced costs and increased speed, as demonstrated in their collaboration with JPMorgan Chase. NVIDIA's platform is delivered through hyperscalers and OEMs, enabling financial firms to leverage AI capabilities without overhauling their existing technology.
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