AI in the financial sector: What you need to know

(Special to The Dallas Examiner) – As AI and machine learning become more a part of our daily lives, we can expect to see them impacting a greater number of the things we do. One big area that has been incorporating AI into the way they do things is the financial sector. But what does this mean for you? How is it going to impact the way you spend, save, and invest? What are the potential risks and pitfalls involved in machine learning? In this article, we’ll break down what you need to know about how AI will impact the financial world in the near future.How AI will impact your spending and budgetingRelated Stories If you’re looking for an area where AI can have a significantly positive impact on your day-to-day life, this is it. Machine learning provides a fantastic way to help you budget, save and curb your excess spending.How does it work? Apps like Simplifi link to your bank account, monitor where you’re spending, break it down, and sort your spending into categories. From there, the algorithm takes over and can help you set spending goals, create spending plans, and find all the unexpected places where your money...