The World AheadArtificial intelligence will be transforming finance by 2025
China likely to lead race, but Japanese and US banks poised to catch up
By 2025, regulators' growing concerns about the inscrutability of AI and its attendant risks could be the source of the next financial shock. © Reuters
GILLIAN TETT, Financial Times Chair Editorial Board, Editor-at-large, US
December 16, 2020 02:00 JST
NEW YORK -- Markets go up and down. So do the fortunes of financial companies. But here is one prediction: by 2025 artificial intelligence will be reshaping global finance, sparking a fierce competitive battle between companies and regions who want to dominate this new sphere.