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Enterprise AI

Why Wall Street Isn’t Buying Into the AI Hype

Wall Street is apparently taking a skeptical view toward AI, as experts from Goldman Sachs and Morgan Stanley say the technology is still too limited to replace humans in banking, according to this report from The Wall Street Journal. This is a reminder that despite the progress AI technology had made in recent years, some industries will likely be more immune than others to the apocalyptic job loss that some industry figures predict AI will bring. 

Another interesting theme from the article is that banks are earmarking research dollars to figure out how prominent forms of AI, such as deep learning, arrive at the decisions they make. This is one of the toughest challenges of AI, and one that if solved could pave the way to broader adoption of the technology in banking and a wide range of other industries.

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