Domain-specific AI: the hot topic of 2024?
Generative AI is increasingly being applied to specific domains within finance. But experts are divided on whether targeted models will take over from their general-purpose cousins.
It will come as no surprise to fintech professionals that Collins Dictionary’s word of 2023 was ‘AI’. The technology hogged the headlines all year—from the release of GPT-4 to the engrossing standoff between OpenAI CEO Sam Altman and his board.
But while much of the news was driven by advances in AI’s ability to perform multiple tasks at a high level—the launch of Google’s latest multimodal model Gemini, for example—more targeted applications of AI were often overlooked. Domain-specific uses of
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