New York Consumer Law Blog

Monday, September 18, 2017

Machine-learning promises to shake up large swathes of finance

As AI advances, the financial industry is propelled into an orbit of seemingly boundless efficiency. What used to take armies of well-compensated attorneys at JP Morgan Chase, and other financial corporations, 100,000s of hours to perform, can now be accomplished by computers in a matter of seconds. Though some remain skeptical, “machine learning” seems poised to take over not only document heavy industries like banking but more discretionary roles, like trading, as well.


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