India, April 21 -- Artificial Intelligence (AI) is reshaping industries including finance, driving unprecedented changes. It is revolutionising financial decision-making in ways beyond comprehension. According to Deloitte, the sector has entered the "AI phase of the digital marathon," leveraging AI to process vast amounts of data, improving customer experiences, and redefine traditional processes for greater efficiency.

The International Monetary Fund (IMF) believes that generative AI will hold the key to many radical changes the sector will see. In an article titled Artificial Intelligence and its Impact on Financial Markets and Financial Stability, it explains how the large language models, the backbone of gen AI systems, are now "enab...