AI’s Limitations; Israeli Tech’s Unbreakable Strength

January 29, 2024
1 min read

TLDR: Israeli tech industry remains strong despite the challenges brought about by the ongoing conflict in the region. At the recent Fintech Junction 2024 conference, attendees expressed optimism about the future of the industry in Israel. The role of artificial intelligence (AI) in financial services was a major topic of discussion, with participants highlighting the need to find the right place for AI in the industry. Collaboration between fintech startups and traditional banks was also emphasized as a key area for growth. Despite the potential of generative AI, there are still challenges in implementing it, particularly in dealing with sensitive data. Machine learning continues to dominate the present landscape of financial services. Overall, the industry remains positive about the future, with a focus on collaboration and innovation.

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