CHAPTER 9The Future of AI in Financial Forecasting
In finance, the emergence of AI has marked a transformative era in forecasting and decision‐making. This chapter explores the potential future landscape of AI in finance. We explore how AI is poised to redefine the norms of financial analysis and investment strategies.
The objectives of this chapter are multifold. First, we highlight the most significant upcoming AI technology trends. We examine emerging algorithms, the fusion of AI with blockchain and the internet of things (IoT), and the progress in data‐processing capabilities. Second, we will explore the personalization of financial services through AI, envisioning a future where financial advice and strategies are as unique as the individual investor's profile.
Furthermore, we will learn about the regulatory and ethical terrain accompanying AI integration in finance. We address the regulatory landscape, ethical considerations, and the paramount issue of data privacy in AI‐driven financial practices.
Lastly, we discuss the limitations of current AI technologies in financial forecasting and AI's expected influence on the finance industry's structure. This impact includes its effect on employment, the emergence of new financial entities, and new user interfaces.
By the end of this chapter, you will have a comprehensive understanding of AI's dynamic and promising future in financial forecasting.
Emerging AI Algorithms and Models
Recently, sophisticated AI algorithms and ...
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