The Future: Faster, Smarter, and Even More Out of Control
Puneet Dhingra
Principal Product Manager, R2R Products at HighRadius | Ex-Oracle, Deloitte
The future of finance is clear—AI will dominate markets, automate risk-taking, and ensure that money moves faster than our ability to regulate it. The only question left is: will it make us all rich, or will it just outpace our ability to understand what’s happening?
Take, for instance, a future financial crisis. Picture an AI-driven hedge fund making split-second trades based on sentiment analysis from social media (because, apparently, finance now depends on memes). A viral tweet suggests a major company’s CEO just got canceled—AI algorithms react instantly, shorting the stock. Other AI-driven funds notice the dip and pile in. Within minutes, billions vanish into the digital void, all because an influencer posted, “lol this company is done.” Regulators, still sipping their morning coffee, scramble to figure out what just happened, only to realize AI executed a full-blown market collapse before breakfast.
But finance isn’t just about trading—AI is also transforming the slower, less glamorous world of accounting, bookkeeping, and financial reporting. In this brave new world, AI-powered accounting bots will reconcile transactions in real-time, detect fraud before auditors even schedule a meeting, and file tax reports with perfect accuracy (except for when they find a loophole no human ever considered).
What are your thoughts about it?
Founder | Foresight Financial Advisory | CA | CFP | Financial Planner and Investment Advisor
1 个月AI's dominance in finance is for sure, but its speed and automation pose both opportunities and risks. It surely does help in detection and all , buts its potential to trigger market chaos in seconds is alarming. Humans should be the final approval for AI's decision-making.