Author: Dr. Steve

Vibe coding as a productivity tool: What banks should know

By Penny Crosman, American Banker, 26 June 2025 URL: https://www.americanbanker.com/news/is-vibe-coding-safe-for-banks The idea of vibe coding — sharing your feelings about the kind of software you want to create with a generative AI coding assistant, rather than feeding it clear instructions — has become popular. It also seems antithetical to working in a bank, where everything, … Continue reading Vibe coding as a productivity tool: What banks should know →

Study: RAG-based LLMs less safe than non-RAG

By Anthony Malakian, waterstechnology, 29 Apr 2025 URL: https://www.waterstechnology.com/emerging-technologies/7952391/study-rag-based-llms-less-safe-than-non-rag In the world of large language models, the retrieval-augmented generation (RAG) framework has gained favor as companies have looked to develop LLMs. RAG approaches grew in popularity about a year ago as the framework was viewed as a way to reduce hallucinations related to generative AI. … Continue reading Study: RAG-based LLMs less safe than non-RAG →

‘We want to enable the whole bank with AI’: Lloyds Bank

By   Penny Crosman, American Banker, 9 April 2025 URL: https://www.americanbanker.com/news/lloyds-bank-moves-forward-with-ai-using-google-technology "The fact that Lloyds is using a variety of models makes sense in this rapidly changing AI technology landscape, said Steve Rubinow, a professor in the department of information technology and management at Illinois Institute of Technology and former chief information officer at the New … Continue reading ‘We want to enable the whole bank with AI’: Lloyds Bank →

Banks don’t talk about the energy AI guzzles. Here’s why they should.

By Penny Crosman, American Banker 25 April 2024 URL: https://www.americanbanker.com/news/banks-dont-talk-about-the-energy-ai-guzzles-heres-why-they-should Artificial intelligence uses more energy than other forms of computing. Training a single model consumes more electricity than about 130 U.S. homes use in an entire year, according to some researchers' estimates. …

Is there a place for ChatGPT-like tech in banks?

By Penny Crosman, American Banker 6 March 2023 URL: https://www.americanbanker.com/news/is-there-a-place-for-chatgpt-like-tech-in-banks ChatGPT, the chatbot that Microsoft made available to the public on Nov. 30, has drawn unprecedented popularity and media attention. It attracts an estimated 96 million users per month, who ask it questions of all kinds. At first, users were wowed. It was able to write … Continue reading Is there a place for ChatGPT-like tech in banks? →

Large language models: Another AI wave has come—what could it bring?

By Nyela Graham, WatersTechnology 25 January 2023 URL: https://www.waterstechnology.com/emerging-technologies/7950539/large-language-models-another-ai-wave-has-come-what-could-it-bring Since the release of ChatGPT, excitement and hype have been abundant across industries for this form of generative AI. For capital markets, the wave of innovation that could result may be a few years away but it’s worth paying attention to—and being critical of. Steve Rubinow is … Continue reading Large language models: Another AI wave has come—what could it bring? →

Morgan Stanley creates bot that does junior analysts’ work — faster

By Penny Crosman, American Banker 16 February 2021 URL: https://www.americanbanker.com/news/morgan-stanley-creates-bot-that-does-junior-analysts-work-faster Technologists at Morgan Stanley have developed a virtual assistant that helps people throughout the organization plumb useful information from the 50,000 research reports the investment bank generates every year. “Our research reports can be many, many pages long,” said Eden Kidner, global head of research … Continue reading Morgan Stanley creates bot that does junior analysts’ work — faster →