Wednesday Jan 22, 2025
Wednesday Jan 22, 2025
Wednesday, 22 January 2025 00:00 - - {{hitsCtrl.values.hits}}
Asian FinTech Academy (AFTA) recently launched a program “Executive Certificate in Artificial Intelligence” focusing on finance.
The program is based on the Introduction to Artificial Intelligence (AI) Technology, a joint initiative by the World Travel and Tourism Council and Microsoft; Artificial Intelligence in Finance by The Alan Turing Institute; Introduction to FinTech by The University of Hong Kong; and Knowledge Hub of the Global Finance & Technology Network (GFTN), an organisation established by the Monetary Authority of Singapore (MAS).
AI has therefore been regularly hitting the news headlines and as with all new trends, a few high-profile cases can propel a technology that is initially only used by a few early adopters, into global mass adoption.
For AI this happened with the international release of a sophisticated AI powered chatbot, named ChatGPT, in November 2022 from a company called OpenAI.
This caught the public’s attention, registering over 100 million users in only two months and making it (at the time) the fastest growing consumer product of all time.
This tipped AI into the public mainstream in 2023 and sparked the current worldwide interest in AI.
While ChatGPT is not the only way to use AI, but it has exposed the power of AI to the general public, which everyone can now access on their desktop computers and smartphones, unlike the 1990s when the use of AI was limited to a very small number of owners of supercomputers (such as IBM Deep Blue).
AI technologies have been around for more than 50 years, but advances in computing power, the availability of enormous quantities of data and new developments in software algorithms have led to major AI breakthroughs in recent years.
It is these three components of advanced algorithms, data and computing power, that explain how machines can exhibit intelligent behaviour and why AI has suddenly exploded into our everyday lives. The future of AI is exciting and evolving very fast. It is impossible to accurately predict how AI will shape our lives over the next 5 to 50 years.
