The AI Value Trap: Innovation Without Profit?
Description
In this episode of The WealthTech Insider, host Danni Le Grande and Peter Worn dive into the evolving role of AI in financial services. They explore the concept of the ‘Value Trap’—where AI has the power to revolutionise industries but may struggle to generate sustainable profits.
From investment risks and industry adoption to the future of AI as a financial utility, Danni and Peter unpack the realities of AI’s role in WealthTech. They discuss how financial firms are navigating this landscape, the importance of responsible AI usage, and whether AI’s profitability challenge mirrors the airline industry’s struggles.
With insights from the Finura Group, this episode tackles the burning question: Will AI make anyone rich, or is it just another overhyped innovation?
Key topics:
- The AI Value Trap: Can AI be both transformative and profitable?
- Investing in AI: Opportunities vs. risks.
- AI adoption in financial services—where do firms stand?
- AI as a utility: How should businesses think about it?
- Regulation, responsibility, and the future of AI in finance.
Join us for a deep dive into the realities of AI in WealthTech!
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