At the recent FinTech Ideas Festival, Micronotes CEO Devon Kinkead heard a couple of questions from the audience during a panel discussion about AI in banking. He shares his answers to those questions with an emphasis on keeping the discussion as simple as possible.
The concept of artificial intelligence is still pretty abstract for most people. Just about everyone has heard the term, but unless you work in the industry or regularly use an AI-based application, you probably aren’t clear on precisely what it means. The same goes for machine learning. In fact, many people think AI and ML are two different technologies. That’s not the case at all.