We’ve all heard the buzz around ChatGPT, and now GPT-4, and all the potential applications of these artificial intelligence technologies. AI is being used to create more tailored recommendations for ecommerce and to enhance customer service, and it is continuing to move us forward in terms of personal and automotive safety. This technology, however, is still in its infancy and cannot yet solve intricately complex problems in the financial industry.
At RocketNews, we are excited to see the advancements made in the world of AI, especially in relation to ChatGPT and GPT-4. Our CFO was recently able to utilize the technology for financial projections, and it was very successful. It is evident that there is much potential to this technology and should it be applied correctly, there could be useful advancements in many areas, including the financial industry.
In order to facilitate the use of AI in the financial services industry, Transform 2023 is set to take place in San Francisco July 11-12. This is a great opportunity for executives to learn more about how AI can be optimally used and integrated into their businesses. They can also get educated on possible pitfalls and how to avoid them.
As is the case with any technology, there is much potential to be tapped into with ChatGPT. However, it appears there are still limits as it is unable to solve all financial services problems on its own– yet. With the help of events such as Transform 2023, businesses can learn how to best utilize the newest AI technologies and fulfill potential pitfalls.
