• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
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HOME > Archive > 2024 > Volume 12 Number 4 (2024) >
JOEBM 2024 Vol.12(4): 377-382
DOI: 10.18178/joebm.2024.12.4.825

The Impact of Rapidly Developing Artificial Intelligence on the Financial Field

Yubo Zhang
Qihua Academy Nanchang, Nanchang, China
Email: 493258369@qq.com (Y.B.Z.)

Manuscript received August 20, 2024; revised September 15, 2024; accepted October 3, 2024; published October 31, 2024.

Abstract—Artificial intelligence has made great progress in recent years and is increasingly being applied in the financial field, gradually becoming an indispensable part of the financial sector. However, artificial intelligence still has many shortcomings, such as opacity and data reliability, which hinder its further development in the financial field. Therefore, the research question is how to apply artificial intelligence to the financial field better. This article reviews the literature on the definition of artificial intelligence, its development history, and operating principles, gradually introducing it into finance applications. It summarizes how artificial intelligence is applied in the financial field and analyzes existing problems, providing possible directions for future breakthroughs. I hope that this paper could, to some extent, alleviate the obstacles caused by these problems to the development of artificial intelligence in the financial field.

Keywords—Artificial Intelligence (AI), finance, application, machine learning

Cite: Yubo Zhang, "The Impact of Rapidly Developing Artificial Intelligence on the Financial Field," Journal of Economics, Business and Management, vol. 12, no. 4, pp. 377-382, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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