On Semafor World Economic SummitPlaid CEO Zach Perret painted a bold picture – of a world where artificial intelligence not only advises us, but actually hands over our money, pays our bills, and invests our savings.
“I want my financial life to be fully automated,” he said with such conviction that you wonder if your next paycheck won't be able to answer.
It's not as wild as it seems. After all, OpenAI recently connected ChatGPT to major consumer platforms, allowing users to book tables, order groceries, and even make retail purchases – all through a single chat. Imagine that same power applied to your 401(k).
Perret's vision fits perfectly into the fintech wave that is already changing the shape of finance.
Just this week Citigroup revealed that AI tools free up over 100,000 hours a week for developersAND UBS has appointed a new head of AI strategy transform the bank's operations.
It's clear that the financial world isn't dipping its toes into artificial intelligence – it's just diving headfirst.
However, there is still the human factor. Would you really let an algorithm decide which account your paycheck goes to?
Perret could, but not everyone is ready to hand over their wallet to the cloud. Maybe that's fair – trusting AI with your love life is one thing, but a mortgage is another thing entirely.
And yet, despite all the skepticism, there is no denying that the tide is rising.
How Reuters reports on the emergence of artificial intelligence in global marketsautomation is not just creeping into offices; shapes currencies and economies. Finance seems to be quietly becoming code.
I'll be honest – I find it both exciting and unnerving. The idea that one day I will wake up and find my bills paid, my portfolio balanced, and my spending optimized by a digital advisor?
Either freedom or a soft apocalypse. Depends on who you ask.
