JP Morgan has been extremely busy in the last few years following the tech giants’ blueprint for AI: hire the best people, make headlines, re-invent the business, and… make money in the process. The firm’s public AI website, a part is shown below, highlights tech efforts around AI, FinTech, Blockchain, Development and Digital Payments. 40% …
JP Morgan and AI: „This is not Pie-in-the-Sky Stuff“ Read More »
Two Sigma describes itself as “a systematic investment manager, founded with the goal of applying cutting-edge technology to the data-rich world of finance.” The SoHo, New York, based hedge fund was founded in 2001, by John Overdeck, David Siegel and Mark Pickard. Using AI, ML and distributed computing to invest, the fund has over $58 …
The media-shy low/high-profile 110-year old investment manager Baillie Gifford last month pledged GBP5 million to the University of Edinburgh to support research into the ethical challenges posed by the growing use of data and AI. Nick Thomas, a partner at the firm, stated: “We hope that our close collaboration with academics at the cutting edge of …
Baillie Gifford Chair into Data and AI Ethics and AI for long-term stock picking Read More »
Nicholas Moch joined SEB in 2008 as Head of IT Governance and four years later took over Information, Strategy, Architecture, and Emerging Technologies at the Nordic Financial Services Group. About a year ago, he was handed a “Supernova Award” in Silicon Valley for the way SEB uses AI in its digital interactions with customers, and …
SEB Head of Emerging Tech becomes Group CIO after receiving Supernova award for Aida AI Read More »
About ten years ago I interviewed Cliff Asness at an Institutional Investor event – as with his investment and research philosophy, it was honest and provocative. AQR went from $12 billion to $225 billion in a decade and a half, used data science and open source research from day one and has pioneered a number …
Brevan Howard, after hiring Karim-Patrick Khiar in the spring of 2017 as Head Data Strategist, two months ago made him the Head of AI Driven Systematic Investments… this marks an increasing push by (Alternative) Asset Managers to implement AI in the investment process, once big data is organized effectively. BH, founded in 2002, is one …
Brevan Howard Appoints Head of AI Driven Systematic Investments Read More »
Canada has always been a (quiet) leader of AI in its own right, with MILA, CIFAR, et al. Manulife in Toronto owns John Hancock in Boston (combined AUM C$1 trillion+) and they have been playing with AI for insurance and investment management in a variety of ways. Manulife – and under its John Hancock brand in …
Manulife/John Hancock and their “LOFTy” AI Ambitions – now in Silicon Valley Read More »
When a traditional shoe-retailer like Foot Locker creates data-science teams and completely revamps its corporate culture and process around their (young-ish) client base, with initiatives executed across product, user X, design and engineering by the Chief Information and Customer Connectivity Officer, it becomes clear how much AI is changing even the most “sleepy” industries. A …
“The State of Israel is facing significant challenges in the field of innovation during a period in which artificial intelligence is establishing itself as the central technological platform of our generation”, is the introduction for this year’s overview by Chairman Appelbaum and CEO Aharon. As such, the latest report focuses on the transition from “startup …
Israel’s Innovation Authority … from startup to smart-up nation via AI Read More »
Since Jim Gorman became CEO of Morgan Stanley, his key initiative has been around technology, and, more recently, artificial intelligence, spending $4 billion on trading/fixed income, financial advisory, wealth management, et al. 2018 has been a breakthrough year on various fronts: – In June 2018, Morgan Stanley hired Michael Kearns as Head of AI, an …
Morgan Stanley hires AI/Digital Execs, announces AI/tech partnerships for FAs Read More »