Cybersecurity

JP Morgan and Microsoft Announce Strategic Blockchain Partnership

JP Morgan and Microsoft this week announced a strategic partnership to accelerate the adoption of enterprise blockchain. JP Morgan’s Quorum, an enterprise-focused version of Ethereum, will be the first distributed ledger platform available through Microsoft’s Azure Blockchain service, so their customers can build and scale blockchain networks in the cloud. Based on Ethereum, Quorum is …

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BlackRock Lab for AI Focuses on a Stock-Lending Platform, Alt Data Sets and Automating Boring Tasks

BlackRock‘s Chief Engineer and Head of the Aladdin Product Group (APG), Jody Kochansky, in a blog last spring wrote about „the promise of AI and what it means to BlackRock.“ His topics included how the firm already is using AI today, such as superior insights following the explosion of unstructured data, AI‘s ability to enhance …

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IBM and Thomson Reuters Launch AI-powered Real-Time RegTech Compliance Solution

In a new collaboration, IBM and Thomson Reuters will offer financial institutions access to an AI-Powered RegTech Solution. According to a press release, the service will be delivered through the IBM Cloud with real-time financial data from thousands of sources, backed by domain knowledge from IBM consulting subsidiary Promontory Financial Group. Promontory was founded in …

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VC firms are becoming RIAs to invest more broadly and in bigger buckets – blurring the lines of demarcation for investing in the age of ML/AI

Andreessen Horowitz last month filed papers to turn the 10-year-old VC firm into a registered investment advisor, RIA, to invest more broadly and more flexibly. Forbes in a feature called it “Andreesen Horowitz is blowing up the venture capital model (again)”. a16z, as the firm is also known, was one of the AI/tech investing pioneers, …

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AI Asset Management Studies – An Overview of Recent Research and Surveys from McKinsey, Accenture, Brookings, Deloitte, PwC, KPMG, Oliver Wyman, Casey Quirk, Roubini, and others

Most of the bigger accounting, consulting, advisory and research houses have started to focus their attention on how AI, ML, big data and predictive analytics are changing investment management, for productivity, automation, distribution, and investing. Here are few of the good recent ones for you to review: McKinsey: Advanced analytics in asset management: Beyond the …

AI Asset Management Studies – An Overview of Recent Research and Surveys from McKinsey, Accenture, Brookings, Deloitte, PwC, KPMG, Oliver Wyman, Casey Quirk, Roubini, and others Read More »

JP Morgan and AI: „This is not Pie-in-the-Sky Stuff“

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% …

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From $2.5B to $58B… Two Sigma’s AI Investment Strategy: Humans and Big Data Crowdsourcing

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 …

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Baillie Gifford Chair into Data and AI Ethics and AI for long-term stock picking

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 …

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AQR Turning 20 and Showing an Open-Source Team Approach to Use Data Science and AI in Asset Management

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 …

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Manulife/John Hancock and their “LOFTy” AI Ambitions – now in Silicon Valley

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 …

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