Artificial intelligence is revolutionizing the financial industry at an unprecedented pace. Wouter Stinis, CEO of Optiver Asia Pacific, noted that from lightning-fast algorithmic trading to sophisticated enterprise analytics, AI is permeating every corner of finance. It is not only capable of executing complex trading decisions but can also forecast market trends, providing investors with personalized wealth management solutions.

China has also been introducing AI to the financial industry in recent years. AI technology has been extensively implemented across various facets of the financial sector, including financial product design, marketing, risk control, customer service and supporting activities. Many institutions have been developing a range of AI-assisted applications.

According to Zhang Dong, executive vice president of China Mobile, the company has developed over 100 AI-powered financial applications, including tools for investment research, asset management, risk assessment and fraud prevention.

Lyu Zhongtao, chief technology officer of the Industrial and Commercial Bank of China (ICBC), stated that ICBC has developed large-scale AI models with hundreds of billions of parameters that cover a wide range of capabilities, including computing, algorithms, data and security. "These models have been successfully deployed in over 100 business scenarios across more than 20 business areas," he said.

However, the widespread application of artificial intelligence in the financial sector has also given rise to new challenges.