Democratizing Fintech, Evolving Regulations, AI Strategy, and Ryan Reynolds
AI Bytes: Volume CI, Issue #5
Get smarter faster with AI Bytes: 3 articles, 2 podcasts, and 1 video.
Was this email forwarded to you? Sign up here.
READING
III. The Coming Democratization Of Financial Services, Thanks To Artificial Intelligence [Forbes]
AI is transforming the financial industry, allowing for greater access to financial services for marginalized groups and reducing costs for all. Tech giants are competing with traditional financial institutions, and AI models must be proven trustworthy and secure to ensure fair deployment and protection of privacy. All players must invest in technology and innovation to remain competitive and ensure the democratization of the financial system.
II. Three necessities to regulate ever-evolving artificial intelligence [The Hill]
Governments should take action to regulate the ever-evolving artificial intelligence, including better public education, the establishment of designated agencies, and faster decision-making. The author agues that without proper regulation, AI can lead to serious issues such as privacy violations, false information propagation, and job insecurity.
I. Artificial intelligence in strategy [McKinsey]
AI tools can help executives make strategic decisions more quickly and accurately by avoiding biases, pulling insights from data, and augmenting human thinking. AI can be used to create descriptive, diagnostic, and predictive intelligence, with more advanced levels of automation still to come. AI is most beneficial for companies with access to large amounts of data, and can provide a strategic edge by helping to identify trends and opportunities before others do. AI can also help executives make better decisions by providing a systematic viewpoint and tracking the evolution of assumptions.
LISTENING
II. Where Virtual Agents are headed in 2023, Interview with Pat Calhoun, CEO of Espressive
Pat Calhoun, CEO of Espressive, believes that virtual agents and chatbots have the potential to revolutionize the way organizations work in 2023, becoming the next Intranet and having a pervasive impact on how business is run.
I. Ben Tossell — Opportunities in AI
Ben Tossell is the founder of Makerpad, which was acquired by Zapier in 2021, and writes the daily AI newsletter Ben’s Bites, which is read by over 15,000 people from major tech companies. He discusses his journey into AI, the importance of ease of use, the impact of AI on our lives, hackathons, balancing originality and usefulness, and his views on the interaction between the AI industry and governments.
WATCHING
I. Ryan Reynolds uses ChatGPT to write a Mint Mobile ad.
AI ART OF THE WEEK
Building a better world with Artificial Intelligence. Get smarter faster with AI Bytes. Each issue features 3 articles, 2 podcasts, and 1 video delivered to your inbox once a week.
AI Tool Tracker
I’m sharing a Notion page with the various AI tools I’ve been trying out. You can access it here.
