How Artificial Intelligence Is Disrupting Finance

General purpose technology is a term economists reserve for technologies that spur protracted economic growth and societal advancements, revolutionizing the operations of households and corporations alike. A sample general purpose technology is electricity. Electricity spawned a multitude of products and sectors, including refrigerators, washing machines, trains and, of course, computers. The advent of electricity radically transformed the world. A recent Harvard Business Review article designates artificial intelligence (AI) as the most important general purpose technology of our era. A car that can parallel park itself. Devices that respond with tomorrow's weather when we ask.