Banking expert Dharmesh Mistry has claimed that AI could be used to create a digital doppelganger of you to predict your financial future. Speaking to the Daily Star, Mistry said that in the near future, banks will be able to use AI agents to predict how your life will pan out using complex simulations.
AI Doppelgangers to Ease Anxiety
Mistry told the Star that these AI doppelgangers will help people’s mental health by clearing up anxiety about the future. He added that using the digital doppelgangers, AI could offer people advice, roadmaps, and actions they can implement so they can get the future they want.
Mistry said: “[These] simulations will overcome many of the concerns that create mental health issues. Most mental health issues really are worrying about the future and what's going to happen. We worry about the future continuously, and we just don't have any guidance about the what-ifs. Quantum [simulation doppelgangers] will solve the what-ifs.”
How Quantum Simulations Work
Mistry – who claims he put more banks online between 1997 and 2001 than anyone in the UK – explained how technology has made it possible for AI to create these digital twins. He explained how superpowered tech has provided people with the computing power to create these simulations and predict your financial future over the years.
Mistry stated: “Quantum is an extremely complex technology area, but essentially what quantum's really good at is really complicated maths. Using your digital twin, I could say, ‘I'm looking at your health stats, I'm looking at your bank balances, I'm looking at your career progression, I'm looking at how you spend money on travel. I can start to simulate – if you carry on the same way – what your life will look like financially for the next 100 years. And that is a lot of maths because that's a lot of simulations.”
Planning Major Life Decisions
Mistry added that using new AI technology, banks will be able to help you plan major life decisions, from buying your first home to starting a family or even going on holiday.
The boffin said: “They'll help you not only get the mortgage but help you with the process of buying a house because that is a ball ache. Imagine that you’re going on holiday, having a kid for the first time, moving house, buying a house, retiring, everything that is a big life journey. You'll have an [AI] agent that will help you with the process, and buried in there will be some bank that's providing a bit of the product.”
