Reported 3 months ago
The development of AI technology presents both challenges and opportunities for the financial industry. At the '2024 Asset Management Forward-Looking Forum' hosted by the Taiwan Securities and Futures Institute, experts discussed AI's implications on market stability, privacy concerns, and integration strategies. Concerns arose about the risk of market volatility due to similar data analysis across firms, leading to potential 'herd effects.' Moreover, excessive dependence on AI could result in distorted outcomes if not managed properly. However, opportunities exist in integrating financial services within smart industries, where collaboration with fintech firms could foster a thriving ecosystem. Legal implications of AI-generated content and the need for educational initiatives to mitigate misuse were also highlighted.
Source: YAHOO