Iranian Research Center Plans to Use Artificial Intelligence in Finance
22:00 - November 17, 2022

Iranian Research Center Plans to Use Artificial Intelligence in Finance

TEHRAN (ANA)- The director of an Iranian research center said plans are underway to benefit from artificial intelligence in financial affairs.
News ID : 772

Raheleh Homayounifard, the director of the research center told ANA that the center intends to use recent achievements in the field of artificial intelligence in financial fields to pave the way for the development of the industry.

Artificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals and humans.

AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals.

The term "artificial intelligence" had previously been used to describe machines that mimic and display "human" cognitive skills that are associated with the human mind, such as "learning" and "problem-solving".

This definition has since been rejected by major AI researchers who now describe AI in terms of rationality and acting rationally, which does not limit how intelligence can be articulated.

According to Homayounifard, financial markets are one of the areas where artificial intelligence has recently made its way, and large companies in the fields of stock and currency markets use this tool to analyze data.

Homayounifard, who is a faculty member of the Islamic Azad University, Hashtgerd branch, added that artificial intelligence makes it possible to collect data in a very short period of time.

It also provides the opportunity to pay attention to all the news related to stocks in social networks and blogs and observe thousands of stocks in a real-time frame and get the best ideas from this process.

Homayounifard referred to tools such as robot advisors, which are used in systematizing investment portfolios based on goals and risks, adding that robot traders can help investors because they provide trading services automatically and away from emotions.

Taking advantage of machine learning algorithms, it is possible to identify unusual behaviors and prevent fraud and financial abuse, she stressed.








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