Lex chats with Malcolm deMayo, Global Vice President for Financial Services at Nvidia. deMayo kicks off the discussion on how Nvidia has been working with financial services firms for over 15 years, providing accelerated compute platforms to help solve compute-intensive challenges in trading, banking, and insurance. DeMayo explains that Nvidia's hardware accelerators, such as GPUs, can execute thousands of instructions at a time, resulting in a significant speedup compared to traditional CPUs. He highlights the use of AI and machine learning in various financial services applications, including fraud detection, sentiment analysis in trading, and process automation in banking. DeMayo also discusses the emergence of Generative AI, which enables the generation of unique content and the potential for human-like engagement in customer service. He emphasizes the importance of collaboration between business and AI teams for successful AI deployment and mentions the role of open-source models and federated learning in the future of AI.
MENTIONED IN THE CONVERSATION
Nvidia's Website: https://bit.ly/3TwEDXO
Malcom's LinkedIn: https://bit.ly/3xeimqa
Topics: AI, Artificial intelligence, Machine learning, accelerated compute, compute, generative AI, genAI, financial services, Neural networks
Companies: Nvidia, OpenAI, Google, Microsoft, EvidentAI, AlexNet
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TIMESTAMPS
1’35: Beyond Moore's Law: Nvidia's Pioneering Role in Financial Services Innovation
6’56: Revolutionizing Efficiency: The Transformative Impact of GPU-Accelerated Computing in Finance
14’12: Unlocking Efficiency: How Nvidia's Accelerated Compute Platform Revolutionizes Machine Learning in Finance
19’52: Transforming Finance: The Power of Machine Learning in Fraud Detection and Market Analysis
29’15: From Data Custodianship to AI Revolution: Nvidia's Pivotal Role in Transforming Finance with Generative AI
35’03: Beyond Classification: Nvidia's Role in Fueling Generative AI's Impact on Financial Services Innovation
42’04: Shaping the AI Landscape: The Dynamic Between Open Source Innovation and Proprietary Models in Financial Services
47’01: The channels used to connect with Malcom & learn more about Nvidia
Disclaimer here — this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.
Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella
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