On today’s episode of THE FINANCIAL COMMUTE, Managing Director of Investments Sasan Faiz and Wealth Advisor Mike Rudow take the stage at our 2023 Investor Symposium to discuss artificial intelligence and its potential.
Although the adoption of AI has been relatively effortless for individuals, it may not be so on a larger enterprise scale. This is because organizations may experience initial productivity dips and will have to teach their workforce new skills when integrating AI. AI will ultimately produce more efficient systems for most companies, but the initial cost of time and money may discourage them from adopting AI as quickly as individuals.
Mike and Sasan agree healthcare and education will be heavily improved by AI. Artificial intelligence can help enhance curriculums, provide data analytics for educators, and improve accessibility for disabled/neurodivergent students. In the health industry, we may be able to bring AI-powered tools to countries where medical facilities are limited, use AI to accelerate drug discovery, diagnoses, genomic sciences, and provide telehealth services.
Some risks AI may present are job displacement, bias in data, privacy/security, ethical dilemmas, regulations, and more. As AI continues to develop, we must ensure it is used responsibly.
On today’s episode of THE FINANCIAL COMMUTE, Managing Director of Investments Sasan Faiz and Wealth Advisor Mike Rudow take the stage at our 2023 Investor Symposium to discuss artificial intelligence and its potential.
Although the adoption of AI has been relatively effortless for individuals, it may not be so on a larger enterprise scale. This is because organizations may experience initial productivity dips and will have to teach their workforce new skills when integrating AI. AI will ultimately produce more efficient systems for most companies, but the initial cost of time and money may discourage them from adopting AI as quickly as individuals.
Mike and Sasan agree healthcare and education will be heavily improved by AI. Artificial intelligence can help enhance curriculums, provide data analytics for educators, and improve accessibility for disabled/neurodivergent students. In the health industry, we may be able to bring AI-powered tools to countries where medical facilities are limited, use AI to accelerate drug discovery, diagnoses, genomic sciences, and provide telehealth services.
Some risks AI may present are job displacement, bias in data, privacy/security, ethical dilemmas, regulations, and more. As AI continues to develop, we must ensure it is used responsibly.