Latest opinions that Erica Andersen has shared on Finextra

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Erica Andersen

Marketing

smartR AI

Member since

08 Jul 2024

Location

Edinburgh

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Erica's opinions

Lean, Mean, Green Machines: Optimizing AI for Energy Efficiency

As AI technology advances, the industry is actively working to meet the increasing demand for electricity and water to support the servers powering this innovation. A standard DGX computer, the gold standard for AI tasks, consumes more than 10KW of power. Big Tech is expected to purchase millions of these systems this year, surpassing the power u

13 October 2024 /ai /sustainable Artificial Intelligence and Financial Services

The State of AI: Challenges, Adoption, and Future Prospects

The artificial intelligence (AI) landscape has experienced rapid evolution in recent years, with investments far outpacing short-term revenue expectations1. This disconnect has led to a complex situation where tech giants and startups alike are facing challenges. Major companies like Cisco, Intel, and Dell have announced layoffs, while numerous

03 October 2024 /ai /people Artificial Intelligence and Financial Services

Is AI free to say whatever it wants?

Recently SCOTi®AI answered the following controversial questions: If large language models (LLMs), like SCOTi, are beginning to ‘express opinions’ on such controversial topics, then does SCOTi have the right to free speech? Who is responsible for SCOTi’s opinions and what right(s) does SCOTi have to express them? With the first case of libel bei

23 September 2024 /ai /regulation Artificial Intelligence

Doomsday Data Drought: Data Scientist Shortage Gets Worse As Generative AI Supercharges Data

Today, the world of technology is changing at such a fast rate, with generative AI making huge impacts throughout organizations in terms of productivity and efficiency. The media is filled with negative talk of impending job losses and concerns that humans will be ousted from their work due to the rate of current advances. But is this fact or fic

16 September 2024 /ai /predictions Artificial Intelligence and Financial Services

Is the End of AI Near?

Not by a long shot. But we're certainly witnessing the end of the AI hype bubble, and that might just be the best thing for the technology's long-term success. Market Realities: A Sobering Wake-Up Call The markets are speaking, and they're not whispering sweet nothings anymore. Tech stocks are taking a beating, and investors are getting cold feet.

08 September 2024 /ai Artificial Intelligence

From Visionary to Victory: How to Successfully Implement AI in Your Organization

Are you ready to take your organization to new heights with artificial intelligence (AI)? As AI continues to evolve and mature, businesses are increasingly looking to harness its power to drive innovation, efficiency, and competitive advantage. But, let's face it - implementing AI projects can be challenging, especially when the endpoints are und

05 September 2024 /ai Artificial Intelligence and Financial Services

The Reality Check on AI Progress: Challenges and Opportunities

Introduction: The AI Hype Cycle In early 2023, the world was shaken by OpenAI's announcement of GPT-3.5. This breakthrough in artificial intelligence (AI) sparked a global rush to capitalize on AI's potential, with companies and investors scrambling to join the AI revolution. However, 18 months later, the landscape looks markedly different. While

31 August 2024 /ai /predictions Artificial Intelligence

The Hidden Risks of Relying on Third-Party AI: Why Your Software Stack Deserves a Second Look

In the race to integrate artificial intelligence into software applications, many companies are turning to third-party AI services like OpenAI or Microsoft. While these platforms offer powerful capabilities, they also introduce a subtle but significant risk: the potential for unexpected changes that can disrupt your carefully crafted software eco

25 August 2024 /ai /security Artificial Intelligence and Financial Services

Beyond the Bottom Line: How AI is Transforming Financial Oversight

In the rapidly evolving landscape of finance, artificial intelligence (AI) is emerging as a powerful tool for data analysis and fraud detection. Recently, our team was presented with a challenge: to identify potential "problems" in a set of financial data. Armed with an AI-powered specialized data analyst tool, SCOTi®, we embarked on a

19 August 2024 /ai /security Artificial Intelligence and Financial Services

Uncovering Genuine AI Insights for Financial Services

Conversational AI and Document Querying: A Path to Business Benefit, Data Control, and Cost Management In the digital age, financial institutions are constantly seeking new ways to leverage technology for extracting valuable insights from their data. The rise of conversational AI and document querying has stirred excitement among financial profess...

13 August 2024 /ai /devops Analytics in Banking