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A new ICBA blog post separates artificial intelligence hype from reality and spotlights what AI means for community banks.
Community Bank Impact: The Main Street Matters post from ICBA Director of Regulatory Legal Affairs Mickey Marshall offers a working definition of AI and discusses a few notable use cases for community banks.
Separating Fact from Fiction: “Whether predicting the technology could replace 300 million jobs or bring about the very extinction of the human race, sensational predictions often provide few details about how the technology actually works, how it differs from existing software, and how businesses—specifically community banks and our business customers—can put it to use,” Marshall writes.