Investors eye Artificial Intelligence and Machine Learning Made in Switzerland

Artificial intelligence (AI) is set to substantially disrupt the financial services industry, transforming how we bank, invest, and get insured. AI refers to machines that are capable of performing specific tasks that normally require human intelligence such as visual perception, speech recognition, decision-making, and language translation. AI and related technologies are made possible by the colossal volumes of data we are able to collect and process. AI has been all the buzz these past few years, and according to CB Insights, AI startups raised over US$2 billion in 2016 alone. In the area of financial services, AI is expected to bring major shifts in financial institutions' workforces.