How Financial Services Should Prepare for Generative AI
It’s no surprise that ever since ChatGPT’s broader predictive capabilities were made available to the public in November 2022, the sprawl of stakeholder capitalization on large language models (LLMs) has permeated nearly every sector of modern industry, accompanied or exacerbated by collective fascination. Financial services is no exception. But what might this transformation look like, from practical applications to potential risks?