BlackRock CEO Larry Fink spoke about the company's efforts in exploring AI technology, which could increase productivity by up to 30%. BlackRock's AI Labs team has been working on natural language processing, machine learning, and other capabilities for five years.
AQR, a quantitative asset manager, is utilizing cutting-edge ChatGPT Generative Artificial Intelligence to try and improve investment returns. This tool has successfully generated results surpassing market returns from 2004 to 2019. Though ChatGPT is not intended to predict future returns, parts of its language model can still be used for optimizing portfolio construction by translating publicly available financial data into numerical representation. AQR also looks into other generative AI tools like Meta's OPT & Google's BERT. It is led by experienced finance professor Bryan Kelly.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?