Generative AI in Finance and Beyond
- Afshan Dadan and Ananya Shetty
- 5 mins read
- Fintech Strategy, Insights
Table of Contents
Generative artificial intelligence (AI) describes algorithms (such as ChatGPT by Open AI, StyleGAN by NVDIA, DeepDream by Google) that can be used to create new content, including audio, code, images, text, simulations, and videos. McKinsey Tweet Over the past six months, the world of generative AI has been rapidly expanding, with breakthroughs and applications emerging at an unprecedented pace. From language processing to image generation, the capabilities of generative AI have grown exponentially, opening up exciting possibilities for industries and individuals alike.This Google Trends comparison paints an interesting picture of the popularity of some terms that have taken the online world by storm. While the interest in ChatGPT peaked since its introduction in November 2022, it now seems to be slowly declining as the landscape gets crowded. AI, though, is at an all-time high, given the unanimous interest it has been witnessing. What must be noted is that while ChatGPT and AI are the buzzwords, the actual term to describe this new AI phenomenon – generative AI – is nowhere nearly as popular as its counterparts.  AI is everywhere If you’ve been online recently, that’s what you’ve probably thought looking at the discourse in the tech bubble. From software and […]
Already a subscriber? Log in to Access
Unlock this blog
Gain exclusive access to this blog alone.
Radar Subscription
Select a membership plan that resonates with your
goals and aspirations.
Not Ready to Subscribe?
Experience a taste of our expert research with a complimentary guest account.
We publish new research regularly. Subscribe to stay updated.
No spam.
Only the best in class fintech analysis.
Related Posts
- Kshitija Kaur and Sanjeev Kumar
Payment processors had an incredible run during the pandemic, riding the wave of increased adoption of digital payments among merchants...
- Sanjeev Kumar and Kshitija Kaur
Grab, merge, or unite – 2023 is fast becoming the year of consolidation in the Banking-as-a-Service (BaaS) realm. It’s no...
- Risav Chakraborty and Kshitija Kaur
Over the past year and a half, the fintech sector has witnessed a massive slowdown, marked by stagnant growth, reduced...
- Risav Chakraborty and Sanjeev Kumar
As digital payments and mobile wallets gain traction with growing internet access, tech biggies like WhatsApp are stepping in to...
- Sanjeev Kumar and Samridhi Singh
OakNorth has emerged as a standout in the fintech realm thanks to its exceptional business model that not only ensures...
- Sanjeev Kumar and Risav Chakraborty
Think about the biggest brands in the world – you’ve probably got a few names popping up in your mind....
