FinTech Magazine August 2024 | Page 30

GEN AI

PLATFORMS

Discover the leading generative AI platforms reshaping the fintech industry
WRITTEN BY : AMELIA MATTHEWSON

The AI market is booming , with an estimated value of approximately US $ 184bn this year , projected to surpass US $ 1.8tn by 2030 . Rapid advancements in machine learning , natural language processing and data analytics have made generative AI ( Gen AI ) highly relevant , particularly in the Fintech sector and as an emerging area of crucial investment .