We were pleased to host the IIF AI and Data Roundtable on Thursday, April 18.
Trust, security, and the path for implementation are at the top of the agenda as society and the financial services industry chart the path ahead for Artificial Intelligence. Generative AI (GenAI) and Large Language Models (LLM) are transformative and driving a reconsideration of everything from data policy to the economic growth prospects of various economies. This session featured AI leaders, policymakers, and financial service executives for a dialogue about the challenges for moving the technology from dazzling demonstration to trusted deployment in financial services.
Data availability and use, compute power and GPU scarcity, technology governance and oversight, 3rd party relationships, and access to talent are all playing a role. Regional differences, geopolitics, and national interests are also shaping different national approaches and varying trajectories for AI around the world. Before GenAI and LLM, financial service firms were leaders in the safe use of AI with strong validation and controls in place. How can the industry stay at the forefront, employing AI to the full benefit of customers and the economy in the future of finance?
If you have any questions, please contact Daniel Mendez Delgado ([email protected]).