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• For Jean Dessain, a professor of finance and machine learning and a partner at Reacfin, AI has already had a major impact on the financial sector, which no longer relies on human traders to manage stock-market transactions.
• Today’s technologies are making insurance more efficient by reducing response times and accelerating the processing of accidents and claims. They are also able to detect fraud in a just a few seconds.
• The transformation will have a major impact on jobs, notably at JP Morgan, which has developed a large language model to take charge of thousands of hours of contract review work.