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AGI: turns the world upside down. (The double-edged sword)

Artificial General Intelligence (AGI), defined as AI with human cognitive abilities, has long been a dream of scientists and technologists. With the release of ChatGPT and the even more powerful GPT-4, AGI is now closer to reality than ever before. While AGI could usher in a new era of creativity and free people from menial tasks, it also poses a threat to jobs and raises insurmountable social issues. The rise of AGI is seen as inevitable in Silicon Valley, but the question remains: Are we ready for such a historic paradigm shift? The Promise of AGI The potential benefits of Artificial General Intelligence (AGI) are immense, and some believe that it could be one of the most transformative technologies ever created. At its core, AGI is designed to be a system that can learn and adapt to different situations, much like a human being. Unlike narrow AI, which is designed to perform a single task or set of tasks, AGI can learn and adapt to a wide range of situations, making it incred...

Artificial Intelligence (AI) Opens Up The World Of Financial Services

If you're running a financial services firm and want to promote digital transformation, you need to determine what areas need transformation. "In all honesty, what areas don't need transformation? The financial services industry is lagging behind other consumer-centric industries in several ways." All transformations should have one goal: delivering to the customer, ultimately enriching their relationships with banks and nonbanks. "You can't change anything for the better if everyone doesn't have equal access to capital. Credit decisions should be fair, inclusive, and made in a way that considers the whole picture of a person." Here are some ways AI can help ensure more equitable access to financial services: The AISHE system is an AI-based automated trading system that can potentially provide more accessible and fairer access to financial services by offering an alternative income stream for individuals who may not have traditional banking or inv...