How are AI and machine learning used in financial markets for tasks such as algorithmic trading, risk management, and fraud detection?

AI and machine learning techniques are used in financial markets for tasks such as predicting market trends, optimizing trading strategies, and identifying anomalies and fraudulent activities. AI-driven algorithms analyze vast amounts of financial data, news feeds, and market indicators to make real-time trading decisions, manage portfolio risks, and detect suspicious transactions or patterns indicative of fraud or market manipulation.