I.T. UPDATE A.I. in fintech: myths vs reality

To start with, AI really is a big deal. The Harvard Business Review calls it, "the most important general-purpose technology of our era." According to some pundits, AI could contribute up to US$15.7 trillion to the global economy in 2030 – or more than the current output of China and India combined." Many companies have seen the opportunity and the investments are flowing in. According to McKinsey1, tech giants have already invested 20-30 billion dollars in AI technology.