Artificial intelligence (AI) has progressed constantly and has performed better than human in many fields. Earlier this month AlphaGo AI developed by Google’s DeepMind has beaten the world’s top player Lee Sedol in a complex game that enthusiasts hoped it would be decades before machines would be able to triumph over the best human players. AI is already competent at self-driving, but is AI the way forward for personal finance? San Francisco-based start-up Wallet.AI already tries some breakthrough in this field of personal financial management to “build machines to help consumers make smarter decisions about their money, especially when they’re out spending it,” according to its CEO Omar Green. He sees data analysis with the help of AI as the “key to a smarter way to manage finances than a spreadsheet or piece of paper.” Perhaps, one day AI will help human on a small scale financial decision, which eventually saves a lot of money for that person. (wired.com)
Is Artificial Intelligence the Way Forward for Personal Finance?
