AI isn't inherently good or bad; its value depends entirely on how it's used. For financial institutions, this means shifting the focus from internal productivity gains to customer outcomes.

The Chinese startup roiled markets with its AI assistant, which appears to be a less expensive answer to ChatGPT. Banks have reasons to be cautious about this particular model but also to hope it will bring down AI's costs.

The new policy will "make America the world capital in artificial intelligence and to dominate and to lead the world in AI," said David Sacks, recently appointed AI czar, as the president signed the order.

FX professionals have long recognized that the most commonly used spreadsheet program struggles to keep up with an evolving marketplace. It's time to bring artificial intelligence into the mix.

Executives at JPMorgan Chase, BNY and others discussed whether AI will kill jobs and how to work with fintechs at the World Economic Forum annual meeting.

Banks' AI deployments will now be supervised by states and the companies themselves, experts say.

The era of unchecked AI enthusiasm is giving way to a more measured and deliberate approach. Organizations are beginning to see AI not as a panacea but as a powerful, albeit complex, tool that requires thoughtful implementation.

Dr. Scott Zoldi, Chief Analytics Officer at FICO, takes a fresh look at the ever-changing AI landscape, and what's most important to watch in the year ahead.