WLD, how artificial intelligence affects us

How is AI applied in Personal Finance?

Artificial intelligence (AI) has been revolutionizing personal finance for quite some time, offering assistance to individuals and businesses in multiple areas ranging from automating household budgets to investment analysis. But before we begin, it is key that we understand what AI is.

Artificial intelligence is a set of large-scale data models that allow for the analysis and prediction of patterns, identification of habits, and offering personalized recommendations, facilitating a more economical, efficient, and automated management. Nowadays, the term Artificial Intelligence is on everyone's lips and it can be a bit confusing what it is exactly for, especially in the world of finance. The reality is that AI is based on algorithms and mathematical methods that aim for technology to make decisions independently.

source buda.com

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