Erring on the side of caution with regards to companies collecting data isn’t a rarity, especially when it involves your finances. It’s worth noting however, that in order to create efficient, personalised and successful AIs requires the model to have as much data as possible in the system. Ensuring that the customer is aware of the uses of their data when it’s collected and how it’s protected will likely increase the trust each individual invests in the AI.
AI breakthroughs are ever present with DeepMind having taught its avatar to walk, and medical researchers honing in on the capabilities of medical imaging, and labelling and segmentation being near human perfect. It’s one thing to hear about all this groundbreaking research, but it’s another to apply it to a practical situation.