The banking industry has been quite resistant to change ever since its beginnings. But financial services are not immune to the biggest technological revolution the word has attested caused by AI. Apart from being under pressure to adapt to the digital economy, banks have started to discover some really valuable AI use cases. AI has made progressive inroads in the financial sector and is reshaping banks' approach to their people, processes and data. From customer service automation with chatbots, security, fraud prevention and detection, all the way to internal process optimisation, the AI is transforming the traditional way banks work.

Google's artificial intelligence chief Jeff Dean speaks at an event Monday. Google says it wants to help people do positive things with artificial intelligence. The search giant on Monday announced a new challenge for nonprofits, universities and other organizations working on AI projects that will benefit society. The contest is called the AI Global Impact Challenge, and the company has pledged $25 million in grants. The challenge is part of a new Google initiative called "AI for Social Good."