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The future has arrived for the use of artificial intelligence in the financial services industry. More than eight in 10 U.S. advisors say they use generative AI for at least one professional purpose, according to research by the professional association Million Dollar Roundtable.

"As generative AI continues to be a popular tool across professions, many financial service professionals are following suit and taking advantage of its capabilities," according to the research report. "When it comes to how these programs are used in financial services practices, the majority of American financial advisors and insurance agents have at least some knowledge of how they can leverage AI in their practices."

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