Domain-specific AI: the hot topic of 2024?

Generative AI is increasingly being applied to specific domains within finance. But experts are divided on whether targeted models will take over from their general-purpose cousins.

It will come as no surprise to fintech professionals that Collins Dictionary’s word of 2023 was ‘AI’. The technology hogged the headlines all year—from the release of GPT-4 to the engrossing standoff between OpenAI CEO Sam Altman and his board.

But while much of the news was driven by advances in AI’s ability to perform multiple tasks at a high level—the launch of Google’s latest multimodal model Gemini, for example—more targeted applications of AI were often overlooked. Domain-specific uses of

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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