JULY - 2023ENTERPRISE SECURITY| | 19CXO INSIGHTSAs the financial industry stands on the cusp of a major transformation, generative AI and large language models (LLMs) like ChatGPT are poised to revolutionize various aspects of finance, from risk management to investment all the way to customer service. However, it is essential to understand how these technologies work, where they fall short and where they can augment humans as "copilots". Many of us are already using generative AI at the personal level - how do we bring it to the enterprise level in a safe and scalable way?Artificial Intelligence itself has been around for decades. Most financial institutions, including Moody's, have Machine Learning algorithms embedded in their products providing great advantages to customers. Like "being in the cloud", using Machine Learning is table stakes.So, what has changed? How has ChatGPT upended the way we look at AI?Training Machine Learning algorithms has never been easy. Traditionally we required enormous amounts of difficult to find, quality data,and people with very specific technical skillsets, such as data scientists and engineers,who were in high demand and expensive. Without a guarantee WHYGEN AI IS THE NEW INTERNET AND HOW FINANCE CAN CO-PILOT TO SUCCESSBy Sergio Gago, Managing Director of Quantum Computing , Moody's AnalyticsSergio Gago
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