Objective: Understand the foundational concepts of AI and ML and their applications in the financial sector.
Key Topics:
What is Artificial Intelligence?
Definition, types (narrow AI, general AI), and key characteristics.
Understanding Machine Learning
Difference between AI and ML, supervised learning, unsupervised learning, and reinforcement learning.
The Evolution of AI/ML in Finance
How AI/ML has evolved over time and its current use cases in the industry.
The Role of Data in AI/ML
Data-driven decision making, predictive analytics, and the importance of clean, structured data.