April 5th, 2023, Lesley Simeon
American financial services provider and media company, Bloomberg, has developed a generative artificial intelligence (AI) model called ‘BloombergGPT.’ In a research paper that details the model’s development, the company says its AI model has been trained on “a wide range of financial data to support a diverse set of natural language processing (NLP) tasks within the financial industry.” For instance, the model can analyze financial data to improve tasks like risk assessments, judging financial statements and may even automate auditing and accounting tasks one day.
With Bloomberg investing in its own AI model, we look at what finance professionals feel about artificial intelligence.
According to YouGov Profiles - which covers demographic, psychographic, attitudinal and behavioral consumer metrics - Americans who work in the financial services sector are more likely than the general US population (71% vs. 58%) to agree with the statement that they “think in the future, artificial intelligence will help humans in most of their daily tasks.” Similarly, finance professional in the US (59%) are more likely than the general population (46%) to agree with the statement that they “think artificial intelligence is just the next step in evolution.”
The group is also more likely than the general US population (75% vs. 72%) to agree with the statement that they “have to pay attention so that the development of artificial intelligences doesn’t get out of hand.”
Sentiment towards AI among finance professionals in Great Britain aren’t too different from those of their American counterparts. Data from Profiles reveals that 72% of this group agrees with the statement that they “think in the future, artificial intelligence will help humans in most of their daily tasks” - higher than the general UK population (61%).
The group is only marginally more likely than the general UK population (70% vs. 68%) to agree that they “have to pay attention so that the development of artificial intelligences doesn’t get out of hand.”
As compared to Britons in general (46%), a greater proportion of British finance professionals (58%) agree with the statement that they think “artificial intelligence is just the next step in evolution.”
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Methodology: YouGov Profiles is based on continuously collected data and rolling surveys, rather than from a single limited questionnaire. Profiles data for the US and GB is nationally representative and weighted by age, gender, education, region, and race. Learn more about Profiles.
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