Our entire financial system is built on trust. We can exchange otherwise worthless paper bills for fresh groceries, or swipe a piece of plastic for new clothes. But this trust--typically in a central government-backed bank--is changing. As our financial lives are rapidly digitized, the resulting data turns into fodder for AI. Companies like Apple, Facebook and Google see it as an opportunity to disrupt the entire experience of how people think about and engage with their money. But will we as consumers really get more control over our finances? In this first of a series on automation and our wallets, we explore a digital revolution in how we pay for things. This episode was produced by Anthony Green, with help from Jennifer Strong, Karen Hao, Will Douglas Heaven and Emma Cillekens.

After Amazon's three-week re:Invent conference, companies building AI applications may have the impression that AWS is the only game in town. Amazon announced improvements to SageMaker, its machine learning (ML) workflow service, and to Edge Manager -- improving AWS' ML capabilities on the edge at a time when serving the edge is considered increasingly critical for enterprises. Moreover, the company touted big customers like Lyft and Intuit. But Mohammed Farooq believes there is a better alternative to the Amazon hegemon: an open AI platform that doesn't have any hooks back to the Amazon cloud. Until earlier this year, Farooq led IBM's Hybrid multi-cloud strategy, but he recently left to join the enterprise AI company Hypergiant.