ARTIFICIAL INTELLIGENCE IN FINANCE AND MANAGEMENT

Artificial Intelligence (AI) is a major technological innovation that encompasses machine learning (ML) and algorithmic processing. It is widely applied across various fields, including automobiles, healthcare, gaming, robotics, finance, surveillance, entertainment, space exploration, agriculture, e-commerce, and social media. The primary objective of AI is to develop intelligent and autonomous systems capable of decision-making and problem-solving.

This study focuses on the applications of artificial intelligence in the financial sector, specifically in banking, investment companies, and insurance firms. It provides a brief introduction to AI in finance, examines the challenges and their impact, and analyzes the advantages and disadvantages of AI-driven financial systems. Additionally, this study explores the future transformations AI will bring to financial industries and offers recommendations for its effective implementation.