AI implications financial definition of AI implications
Artificial Intelligence (redirected from AI implications)
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Any computer program that seeks to imitate human thought. Artificial intelligence is useful in making some investment decisions
because it eliminates emotional trading
and is able to make most calculations more quickly and accurately. As a result it is often used in some more complex investment strategies
, notably arbitrage
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The ability of a computer program to evaluate data and make decisions according to parameters set out in the software. Automated underwriting software is a type of artificial intelligence. The increasingly popular AVM—automated valuation model—uses artificial intelligence and related property data to create appraisals for lenders and for the IRS.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.