But right now, no super computer like Watson from “Jeopardy” is dominating the stock market. Your 401k isn’t doing any better because of robotic advisors. Instead, AI is performing menial tasks that tend to go unnoticed by the general public but have made modern life more convenient.
Although AI and machine learning (ML) will continue to evolve, this field has already utterly transformed our lives. The anticipation of sentient robots has distracted the public from the quiet revolution that’s already happened right before their eyes. It was behind the scenes. And it will endure.
Nowhere is this more apparent than in financial services.