Is Artificial Intelligence the Way Forward for Personal Finance? | Innovation Insights |

Wallet.AI isn’t a bad idea, but it also doesn’t sound like it has much AI in it. Rather, it sounds like a sophisticated personal accounting and savings software which will undoubtedly use information retrieval and mobile technology. Still, it might be the sort of simple personal agent software, not necessarily intelligent in the sense of AI research, that might be more and more common in our lives.

However, also, I think, we are coming to an age when using the abbreviation “AI” may be used to hype any product, which is not such a bad thing for AI people!

Is Artificial Intelligence the Way Forward for Personal Finance? | Innovation Insights |


Eray Özkural has obtained his PhD in computer engineering from Bilkent University, Ankara. He has a deep and long-running interest in human-level AI. His name appears in the acknowledgements of Marvin Minsky's The Emotion Machine. He has collaborated briefly with the founder of algorithmic information theory Ray Solomonoff, and in response to a challenge he posed, invented Heuristic Algorithmic Memory, which is a long-term memory design for general-purpose machine learning. Some other researchers have been inspired by HAM and call the approach "Bayesian Program Learning". He has designed a next-generation general-purpose machine learning architecture. He is the recipient of 2015 Kurzweil Best AGI Idea Award for his theoretical contributions to universal induction. He has previously invented an FPGA virtualization scheme for Global Supercomputing, Inc. which was internationally patented. He has also proposed a cryptocurrency called Cypher, and an energy based currency which can drive green energy proliferation. You may find his blog at and some of his free software projects at

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