The AI in Business Podcast
How to Think of the Future of Finserv in the Age of GenAI - with Marco Argenti of Goldman Sachs
Oct 31, 2023
Marco Argenti, CIO at Goldman Sachs, discusses the importance of safe experimentation and caution in adopting AI in financial services. They explore the emerging abilities of AI in reasoning and workflow and highlight the potential of generative AI to solve complex problems in the industry.
35:09
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Quick takeaways
- Financial services leaders should exercise caution in adopting AI, understanding the potential dangers and pitfalls.
- Generative AI technologies offer a new approach to addressing long-term data governance problems for legacy financial institutions, helping individuals understand complex concepts and make effective decisions, regardless of their level of expertise.
Deep dives
Caution in AI Adoption in Financial Services
Financial services leaders should exercise caution in adopting AI, understanding the potential dangers and pitfalls. Safe experimentation is crucial, defining the scope of what they want to achieve precisely. Implementing AI training and inference for use cases like analytics, anti-money laundering, and surveillance requires a safety-first approach. It is important to tightly control access to information and balance accuracy with safety. AI should augment human decision-making rather than replace it, acting as a copilot rather than executing actions directly.
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