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In the information age of the 21st century, the rapid development and widespread application of artificial intelligence (AI) technology is profoundly changing the way we live and work, especially in the financial industry. This paper aims to define AI technology and its fundamental applications in the current financial industry, and explore its potential impact on the future development of the financial industry. The introduction of AI technology not only optimizes the operational efficiency of financial institutions and reduces operational costs, but also opens new avenues for personalization and innovation in financial services. However, all this progress comes with challenges such as data security, privacy protection, regulatory compliance, and ethical responsibility. Studying the impact of AI on the financial industry can provides a reference for financial institutions to make decisions on technological innovation and business development, and provides a basis for policy makers to formulate relevant policies and norms.
Siyuan He (Thu,) studied this question.