I have implemented AI/ML solutions in Financial Services in 15 countries and know for a fact that this is not true. If they only refer to generative AI, I'd arg

I have implemented AI/ML solutions in Financial Services in 15 countries and know for a fact that this is not true. If they only refer to generative AI, I'd argue that the space is moving extremely fast right now. That makes it hard to implement anything as one might not know if next week another company will have a better model or AI safety alignments completely bork an existing model. On top of this comes the regulatory burden, which is in place for a good reason.