In an article from the New York Times, writer Harry S. Dent Jr. explains how the financial industry has changed with the proliferation of AI-powered software. The article talks about how credit scores are now based on algorithms that use data from many sources like your phone and social media to determine where you stand financially. So, if AI is replacing copywriters in the future because it can generate content faster and more efficiently, this might be a reason for some people to consider taking out a loan or getting
Why is AI potential a threat to journalists?
AI is becoming a global trend economically and technologically and the potential for it to directly affect journalists is quite high. With AI, algorithms are able to write content on its own and automate tasks that would otherwise take hours or even days of work. When you think about the difference between this technology and human beings with journalistic backgrounds such as journalists, reporters, photographers, editors, etc., it’s easy to see how AI could potentially threaten their jobs.
With the increased use of AI in journalism, what will happen to the ability for journalists to produce content that enables audiences to make informed decisions about their lives?
What does AI do in the financial industry?
AI is not just a catchy word for computers. It’s an umbrella term for a broad range of technologies that use data and algorithms to power intelligent decisions, such as the ones made by Google’s search engine. AI appeared in the financial industry in 2004 with the introduction of the artificial neural network (ANN) used by companies like BlackRock, Schwab, and Fidelity.
Financial technology has become an integral business tool. It is integrated into the financial services industry in many different ways and it is being used to provide new services. AI is being used in chatbots, predictive analytics, voice-activated banking assistants, fraud detection, algorithm trading and more.
How is the fear of AI impacting modern society?
From our negative interaction with AI to a fear of what the future might hold for us, many people have been left wondering if the fear is justified. Despite the benefits AI has brought, one can’t help but feel uneasy about it.
AI is gradually changing the world, but while some believe it will save humanity, others are fearful of the unknown. This fear is disproportionately impacting society’s most vulnerable, those in poverty or without a credit history.
If you don’t have a credit history, it can be difficult to obtain a loan. Thankfully there are still many ways that you can get the money for whatever home improvement project you’re planning on doing. You might even find a friend who is willing to co-sign for your loan or give you the money for nothing in return.
Personal loans with no credit history can be difficult to find. However, there are other options that may be worth exploring.