- “AI is now assisting in the creation of investment strategies. Some firms are using AI for robo-advising creating digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. Additionally, AI is helping create more complete profiles of clients for investment managers so they can better serve each client.
- The biggest issue is the lack of “accountability” that you get when using AI. After all, AI is probabilistic not deterministic so you will never get 100% certainly with machine learning results.”
Kumar Srivastava, VP of Product and Strategy of BNY Mellon