The causal AI wave could be the next to hit

As LLMs and generative AI grab headlines, another AI subset is gaining ground—and it might solve what generative AI can’t.

This has been a monumental year for the advancement of artificial intelligence in the capital markets. Since the rollout of OpenAI’s ChatGPT in November 2022, all eyes have been on generative AI and the large language models (LLMs) that underpin them. Across virtually all industries, conversations are taking place about the best ways to utilize the technology and regulate its use.

The 2023 Gartner Hype Cycle for Emerging Technologies put generative AI at the peak of inflated expectations for

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