STATE OF AI IN

FINANCIAL SERVICES:
2023 Trends
01. PUBLICATION

02. BACKROUND INFORMATION

03. MOTIVATION
07. CONCLUTION
04. MAIN IDEA
08. SOURCES(REFERENCE)

05. METHOD
09. STRIKING QUOTATION

06. EVIDENCE
10. LINGUISTIC ANALYSIS

1 1. QUESTIONS
01.

PUBLICATION
 PUBILICATION
NVIDIA was founded in 1993 in United State
is the world's largest GPU company. NVIDIA invent GPU

GPU is mainly about graphics calculations, such as rendering

images, videos and animations. It is also important for high-
resolution games.
GPU Marketshare in Quater 2 2023: NVIDIA 87%, AMD 10% and
Intel 3%.
 （ GPU is the core of computing power in the AI ​era ） NVIDIA
Designing state-of-the-art chips, systems and software for the AI ​
factories of the future. Build new AI services to help companies
create their own AI factories

40,000 companies use NVIDIA artificial intelligence technology,

and NVIDIA Inception has 15,000 global companies.
02.

BACKGROUND
BACKGROUD INFORMATION
1.The develpment of AI
2.Finacial services
Trading
Banking
Payment
Fintech
The State of AI in Financial Services
03.

MOTIVATION
The Need to Reduce Costs
04.

MAIN IDEA
AI Applications Are Creating Significant Value in
Financial Services
How much do you disagree or agree with the following? (7-pt
scale,top 2 box score)

THE FUTURE OF AI
IN FINANCIAL SERVICES IS
05.

METHOD
METHOD
1. collect data from a survey based on approximately
500 global financial services professionals

2. draw the charts based on data, such as tables,

histogram and pie charts

3. Analyze the charts and find the solutions

 CHART
AI projects location
Challenges

Participants’ thoughts
06.

EVIDENCE
EVIDENCE
1. The potential of the accelerated recent advances in natural
language processing (NLP) and large language models is
significant, especially in capital markets. (Efi Pylarinou,
2023)

2. Virtual assistants are a panacea for customer experience

and other customer touchpoints. (Antonio Grasso, 2023)
EVIDENCE
07.

CONCLUTION
 PURPOSE APPLICATION

• Address macroeconomic challenges • Embracing hybrid infrastructure

• Assess risk more accurately • Balancing the cloud and on-premises solutions
• Create operational efficiencies
• Reduce costs to optimize costs while maintaining data security

• Reducing costs • Advanced technology

• Enhancing customer experiences, • Suitable data sizes
• Creating competitive advantages • Ethical AI practices are also areas that require attention
• Opening up new business opportunities. • Recruiting and retaining data scientist

IMPACT CHALLENGES
08.

SOURCES(REFERENCE)
 REFERENCE

State of AI in Financial Services: 2023 trends. NVIDIA. (n.d.).

https://resources.nvidia.com/en-us-state-ai-report
09.

STRIKING QUOTATION
"As the economy faces
macroeconomic challenges, financial
services companies are looking to AI
to more accurately assess risk, create
operational efficiencies, and reduce
costs."

"The top challenge: Hiring and retaining data

scientists. For the first time in its three-year
history, the 'State of AI in Financial Services'
survey results show that recruiting and retaining
data scientists is the number one challenge."
10.

LINGUISTIC ANALYSIS
 Lexical items Definition Synonym Antonym Derivative Combination

Relating to or dealing with the overall

Economic
Macroeconomic aspects of an economy, such as macroeconomics (n.) Macroeconomic
Financial Microeconomic
(adj) inflation, growth, national income, and Macrocosmically(adv.) policy
Fiscal
employment.

In a manner that is overwhelmingly or

Decisively Quietly
Resoundingly emphatically clear or noticeable, often Resoundingly
Emphatically Timidly resound (v.)
(adv) used to indicate a strong response or positive
Clearly Softly
outcome.

United, combined, or organized into a Federation (n.)

United Disparate
Federated single group or entity, typically Federate(v.) Federated states
Allied Fragmented
(adj) referring to a federation or union of Federal(adj) Federated learning
Merged Separate
separate entities. Federalism(n.)

Partially automated, involving a Fully automated

Semi-automated Half-automated Semi-automation (n.) Semi-automated
combination of manual and automated Manual
(adj) Partially mechanized Semiautomatic (n.) machine
processes. Hand-operated

Fall behind or are slow to adopt new Straggler Innovator

Laggard
technologies or trends, often in the Slow adopter Early adopter Laggardly (adj) Technology laggards
(n.)
context of businesses. Follower Leader
11.

QUESTION
 Question

• If you are a boss of a financial company, do you want to use AI to handle

the financial service? Why?

2.How would you evaluate the author's arguments and supporting data
regarding the importance of this issue, given the focus on the difficulties
financial services companies face in finding and keeping data scientists?
What possible ramifications might this have for the adoption of AI in the
financial sector going forward?
Question

3.In what other fields do you think AI technology can be applied?

4. If you work in the financial industry, what do you do to avoid being

replaced by AI?
THANK YOU