Saving private banks: How to prevent the next financial crisis with AI3 min read 29 Jun 2018, 07:13 PM IST
Thanks to recent advances in AI technologies, the modern financial systems can understand, reason and learn just like humans; so, they have the ability to anticipate financial crises
Global financial crises have led to major upheavals in the economic and political sectors over the years. And recovering from such scenarios often takes decades. For instance, the Second World War and the financial crash of 2008 are two of history’s biggest financial crises; maybe the financial repercussions would not have been as damaging if we had the means to predict the effects of these seismic events.
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