How AI Is Transforming Financial Services

The financial services industry has always been among the first sectors to embrace leading-edge information technology, so it should not come as a surprise that artificial intelligence (AI) is no exception. After all, trading firms have been taking advantage of various algorithms to programmatically trade stocks in matter of microseconds for years now. But the rise of AI does present the financial services sector with some unique challenges. Financial services firms have made massive investments in data centers to run some of the most latency-sensitive applications in the world. And yet, for AI to be accurate, the models that get constructed need access to massive amounts of data that is costly to store locally.