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The Generative AI in Finance market achieved a milestone in 2022 by reaching USD 1,397.9 Mn and is expected to maintain a consistent Compound Annual Growth Rate (CAGR) of 35.7% from 2023 to 2032. Generative AI in Finance refers to a subset of AI that involves machines creating data, often mimicking human-like creative processes. It finds application in generating realistic financial data, risk assessments, and investment strategies. The Generative AI in Finance market has witnessed remarkable growth due to its transformative impact on financial operations.
