Global Impact in Finance Summit 2023 Prompts AI & Finance| FMBA
Release time：2023-07-06
Global Impact in Finance Summit | GIFS
The Global Impact in Finance Summit (GIFS) Innovation and Entrepreneurship, organized by students in the full-time finance MBA program of Fudan University (FISF), took place on May 6th, 2023 and attracted high level speakers and students from prestigious MBA schools from around the world.
For this pioneering event, participants came from Columbia University, George Washington University, University of London, University of Toronto, Tsinghua University, Shanghai Jiao Tong University, New York University Shanghai, Tongji University, Shanghai University of Finance and Economics, Shanghai International Studies University, as well as those from different schools of Fudan University.
The one-day hybrid Summit (both in person and online） featured keynote speeches by influential academic and industry leaders in artificial intelligence generated content (AIGC), a practitioner talk which offers practical advice on foundational model and secondary-market investment, and a startup panel which showcases the latest innovators in this space, providing compelling case studies and insights into how AI is transforming the financial industry.
Morning Session
Rebecca Sun and Lydia Lin, members of the student organizing committee, kick off the event as host of the morning session and highlighted the interactive focus of GIFS by engaging participants in an online interactive session.
Vivian Zhang, the head of EMF, FMBA and PhD program, shared the story behind GIFS as a student-led initiative driven by thought leadership and passion for learning and development.
In the keynote speech session, Qiu Xipeng, a professor at Fudan's School of Computer Science and the director of MOSS's developers, gave a lecture on "The Potential and Challenges of Large Language Models: ChatGPT, Moss and More”.
The lecture explored the key technologies and principles behind the success of ChatGPT, which include in-context learning, chain-of-thought, and learning from natural instructions.
MOSS is a domestic ChatGPT-like model created by the team. The team overcame challenges such as optimizing Chinese encoding, connecting Chinese and English languages, and aligning the model's answers with human thinking habits to create MOSS. Professor Qiu also discussed the potential disruptive impact of artificial general intelligence (AGI) on future society, and the importance of aligning AI with human values to prevent potentially dangerous outcomes.
Jimmy Zhou, Deputy Director of Shanghai AI Research Center, discusses the three stages of AI development - computational intelligence, perceptual intelligence, and cognitive intelligence - with a focus on the commercialization of AI in the past 5-10 years. He emphasizes that the commercialization of AI represents the maturity of technology, products, and consumers, and gives examples of how AI is being used in finance and consumer scenarios. He explains how the emergence of Chatgpt can aid in human organization and collaboration, as well as integrate the real and virtual worlds.
Afternoon Session
Kyaw Soe Lwin and Jaylah Cai, both members of the student organizing committee and hosts of the afternoon session, introduced the Practitioner Talk on Foundation Model and Investment.
This session featured guest speakers from Singapore and Hong Kong, who shared their industry insights and case studies that have global relevance and impact across various regions in Asia.
The first guest in the afternoon session of the summit was Mr. Chen Haidong, AIGC Industry Lead Solution Architect of a leading AI company. Mr. Chen introduced the current progress of the generative AI industry in detail, especially the application in medical diagnosis, and finally shared with us the impact of generative AI on the future development trend of the industry.
The second guest in the afternoon session of the summit was Ms. Jiang Limin, Assistant Portfolio Manager at CSOP Assessment Management in Hong Kong. Ms. Jiang gave a detailed introduction to the stock selection strategies in the field of AI foundation models, expanding from the following angles: the analysis of industrial chain links, industrial chain screening and investment strategies. She also explicated the latest cutting-edge technologies in infrastructure, software, and product applications.
In the startup panel session, AI in Finance: Companies Leading the Charge, two entrepreneurs in the field of finance, AIGC and algorithm trading are invited onto the stage.
The first speaker was Kinsey Jin, who is the CEO of Alpha Insight. During his presentation, Mr. Jin highlighted the Alpha Insight Language Model and its ability to improve work efficiency across multiple business scenarios in the financial industry. This is achieved through the model's comprehension and summarization of information, utilizing data labeling, data attributes and data computing. He also provided cases studies on how the model enhances customer’s experience in wealth management and marketing.
The second speaker was Zheng Sheng, who is one of the co-founders of Kafang Info Technology. He provided an analysis of the current state of the algorithm trading industry, both internationally and domestically, and examined the development of algorithm trading technologies and business models. He also offered insights into the potential application of foundation models and other artificial intelligence solutions in algorithmic trading.
The Q&A session and final take-away at the AI in Finance panel was moderated by Allan Chou, Global Advisor to GIFS, founder of RAIDiCal and adjunct instructor of Corporate Innovation and Social Responsibility at FISF. He invited guest speakers to share how they got started with their business, their entrepreneurial stories and learnings. In closing, Mr. Chou also invited the two speakers to give some career planning advice to participants and also business tips for new entrepreneurs in the field of AI and finance.
Special Thanks
We would like to express our deep appreciation for the support offered by the following individuals and organizations.
Full-time Finance MBA
Fudan University
As a full-time Finance MBA program (FMBA FT+) designed for passionate, self-driven young talent, it aims to help professionals release the full potential and make further impact in finance through MBA education.
FMBA FT+ program builds excellence through Rigor, Relevance and Responsibility. We are committed to instill our students with cutting-edge finance knowledge and practice, highest standard of ethics and sense of responsibility, rich interdisciplinary constructs, and a global vision. Our students will not only have a strong foundation of financial knowledge, but also responsible leadership that will inspire them to embark on an even more successful career in finance as soon as they graduate.
MORE INFORMATION
Please Contact
FMBA FT+ Admissions Team
T: 86 21 6389 5599
E: ftmba_fisf@fudan.edu.cn
86-21-63895588
Harbour Ring Plaza, No.18 Middle Xizang Road Huangpu District, Shanghai, China 200001
