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Are you interested in finding out how artificial intelligence is seamlessly incorporating itself into all aspects of our lives or simply interested in what AI has to offer? If you said yes, then you have come to the right place! Barclays have developed AI Frenzy events across our Eagle Labs allowing you to come in and discover, network and collaborate with other likeminded individuals. To keep you all up to date, our AI support team will be providing the latest research, podcasts, blogs, newsletters, demos and much more. So make sure to bookmark this page!
Barclays vision is to become ‘the most AI savvy workforce in the UK’. Barclays are driving the way ahead for AI through various use cases, research, projects, events, collaborations to enhance our AI applications within the financial services. We at Barclays are highly interested in building relationships with universities, researchers, start-ups, enterprise companies and anyone who is interested in AI technologies, no matter what your skill/knowledge levels are.
What is Artificial Intelligence (AI), Machine Learning (ML) & Deep Learning (DL)?
“Artificial Intelligence is the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision making, and translation between languages”. - 1955, John McCarthy, a pioneer of AI
“Machine Learning is a field of computer science that gives computers the ability to learn without being explicitly programmed “- 1959, Arthur Samuel, IBM Journal of Research and Development
“Deep Learning refers to artificial neural networks that are composed of many layers.”- 2014, Jack Rae, Google DeepMind Research Engineer.
Neural networks are a type of machine learning models. These models are inspired by the structure of the human brain.
What is the difference between AI, ML & DL?
Weak, Strong & Super AI - What’s the difference?
Also known as Narrow AI is non sentient artificial intelligence that focuses on a single/narrow task. Examples: Siri, Manufacturing Process Robots, Chess Playing Machine, Autonomous vehicles.
Also known as artificial general intelligence (AGI), describes a hypothetical machine that exactly emulates a human brain. Examples: Strong AI does not exist currently.
Artificial Superintelligence (ASI)
Is a hypothetical intellect that would outperform the best human brains in almost every way. Examples: ASI does not exist currently.
Below is a diagram showcasing a number of AI methods used by practitioners, (the third column does not show the entire list of methods) people generally cluster all these methods as Artificial Intelligence, however, as you can see there are many different methods to support different use cases/projects.
Where did artificial intelligence start?
Check out this handy AI timeline.
AI use cases within financial services
Below is an infographic on 24 potential use cases of AI within the financial services. These are not in any particular order and don’t show the whole spectrum of use cases.