The investment business has to inescapably align itself to the rapid changes occuring all around us. With technology advancements like flying cars, cardless payment systems, augmented reality and Artificial Intelligence (AI) becoming new buzz words, the landscape is evolving at an unprecedented pace. AI has necessarily aided the business of KCT Financial Services as well. One of our investments in this domain is Deepsync. It is capable of translating speech into script in real time and can clone any host’s voice. High quality content production being a costly and time-consuming process. Deepsync, with the help of AI is able to deliver efficiencies in terms of both money and time. It is helping businesses produce professional content 10x faster than manual production obviating the need for high quality audio recordings, retakes, editing and postproduction. Whether it is daily news, cooking recipes or newsletters, Deepsync will deliver it to you in a jiffy, that too in the voice of your choice.
AI techniques are also increasingly being utilised in asset management and buy-sell activities of the financial markets. Machine learning software has the ability to identify signals and capture underlying relationships in large datasets, making them ideal for asset allocation and stock selection. With its ability to learn from data inputs, algorithms can dynamically evolve into computer- programmed algorithms capable of identifying and executing trades without human intervention.
The use of AI in investment decision-making offers a significant advantage as it can quickly analyse vast amounts of data that may be overlooked by human analysts. With the capability to identify patterns and trends, AI algorithms can analyse various types of data, such as social media sentiment, news articles, and financial statements, to identify signals and make predictions about a company’s future performance. This, in turn, can assist investors in making more informed decisions, reducing risk, and optimising their investment portfolios. In addition to its numerous benefits, AI can also enhance the execution of large orders and optimise order flow, improving efficiency in the financial markets.
Advancements in AI technology are transforming the peer-to-peer (p2p) lending industry, streamlining data processing for more efficient creditworthiness evaluations of potential borrowers, optimising underwriting processes, and enabling more effective management of lending portfolios. However, the mindless usage of AI may lead to a situation where it becomes so advanced that it gains a form of ‘consciousness,’ learning from human behavioural patterns. This, in turn, can potentially give rise to serious issues such as deepfakes and manipulation. We as humans, therefore, need to take the responsibility of keeping our creations in check.