Jason talks to Kevin Levitt; he is the Director of Industry and Business Development for Financial Services for Nvidia. The company is one of the driving forces behind the technology powering artificial intelligence today.
Episode Highlights:
00.38: Nvidia is a company that was started about 30 years ago almost, and they have really pioneered the use of graphics processing units.
08.12: What Jason has seen in academic studies is more accurate FICO scores in terms of calculating the probability of default.
09.58 Jason asks, “What is the natural type of function for artificial intelligence disturbing the market today like what is the commonality around the things is replacing?
10.20: Kevin says in the example of Siri virtual assistant or chatbot. In the context of financial services that are helping us to transfer a balance or to understand what our balance is, or pay a bill, it goes from there to assist the call center agent where we have a more complex problem. With the call center and the agent, the AI is actually complimenting human assistants with information.
18.30: Large banks are trying to figure out how to build an enterprise AI capability, AI infrastructure to support the migration from a handful of AI-enabled applications up to 100s.
22.10: Jason inquires, “What is the kind of cool use cases you see being drummed up and coming forward going in the future?”
26.30: Kevin talks about the four primary players in terms of big retail, big tech, fintech and big banks, are going to be the primary competitors and if one of them is using AI to deliver a virtual assistant or chatbot and the other one is still using some form of rules-based kind of chat experience, AI one is going to win.
28.40 Jason: The technology companies choosing to come out and this is going to make everybody sharper, and everybody really focused on their value proposition and really try to eliminate friction.
35.32: NVIDIA is all about innovation and stretching, kind of the boundaries of where people thought. Computing power could go and certainly where artificial intelligence could be of benefit.
3 Key Points:
- For the past 15 plus years, Kevin has been at the intersection of data technology and financial services.
- The technology can enable a better customer experience across many dimensions when artificial intelligence and deep learning models that leverage natural language processing are utilized.
- There are lots of opportunities to continually improve how AI is leveraged within any industry, including within the context of financial services.
Tweetable Quotes:
- “You can think of artificial intelligence, or AI is kind of the Super umbrella if you will, and underneath that falls a category of artificial intelligence which is machine learning.” – Kevin
- “It is not about job loss it is about job improvement, which is freeing us to do the higher-order capabilities.” – Kevin
- “There are some of the smartest people in the world that are working on financial services, and they see the power and the opportunity associated with AI.” - Kevin
Resources Mentioned:
- Facebook – Jason Pereira’s Facebook
- LinkedIn – Jason Pereira’s LinkedIn
- Woodgate.com – Sponsor
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