Generative AI & Intelligent Virtual Beings - Issue #412 April 20th, 2023

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Top tech giants, banks and fintech companies are using or integrating generative AI into their business models. AI is making headlines, because even if it offers many benefits, many concerns arise – also regarding AI ethics and the risks for humans. AI regulation is currently one of the most discussed topics: while the US, Africa, and Asia are developing and integrating AI fast, the European Union is discussing a law that might prevent the region from being competitive. In the meantime, Singapore is developing AI beings that could represent the next frontier in business. This and much more in this number of FinTech Weekly, the fintech newsletter to discover fintech news, events, companies and insights.

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    What is your branch doing to exceed their expectations and meet the needs of other generations as well? Future Branches is two days of action-packed stories, conversations and connections with the top minds in retail banking. We will explore how leading financial institutions are revamping retail banking technology, retooling front line associates, and creating the branch and retail banking experience of the future. You’ll get actionable strategies to provide personalized high touch experiences for today’s customers. This is THE meeting place to benchmark against the best of the best in financial services.

Podcasts and Videos

    Douglas Rushkoff, professor of Media Theory at the City University of New York (CUNY), addresses the generative AI topic and AI ethics by affirming that regulation is necessary for the correct development of artificial intelligence. Many tech experts and CEOs – including Sundar Pichai, CEO of Google – recently talked about how risky AI can be if not used properly. Rushkoff said that to properly regulate AI it is not necessary to change what artificial intelligence does, but to regulate how people use it.

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