Leadership

AQR Report: Can Machines „Learn“ Finance?

AQR‘s Portfolio Solution Group this week published a short but important research study on whether Machine Learning can be useful for asset management. The executive summary states that research into ML for asset managment is just in its infancy, but that early evidence suggests that ML tools can potentially improve investment portfolios, with application of …

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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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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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Stanford HAI: The Historian and the Technologist – Yuval Harari and Fei-Fei Li in Discussion on the Future of Tech and Humanity with AI

Stanford HAI and the McCoy Family Center for Ethics in Society last week co-hosted a discussion between Professor Li, the Co-Director for the Stanford Institute for Human-Centered AI, and Professor Harari, best-selling author and Professor of History at Hebrew University. Here is a summary of the 90-minute discussion around AI for Humanity.

Credit Suisse Data Science Team Leaves to Set up AI Shop, sees Google and Alibaba as the New Competition

About a year and a half ago, Jonathan Wilmot, Credit Suisse’s Chief Global Strategist and Head of Macro Research after over 30 years with the firm, took the data science department and started his own AI investment boutique, WilmotML – as in Machine Learning. Aric Whitewood, CS’s Head of Data Science for seven years, left …

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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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SEB Head of Emerging Tech becomes Group CIO after receiving Supernova award for Aida AI

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 …

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