Why AI May Not Be Ready for Asset Management Yet – And How to Avoid ‘Snake Oil’ AI

The world of asset management has been changing rapidly over the last few years with the introduction of new technologies, artificial intelligence being chief among them. As a result, an arms race is underway, with managers rushing to adopt the technology — perhaps before it’s ready for use.

It’s easy to see why asset managers are so keen on AI. With numerous firms like JPMorgan putting out lists of use cases for the technology, it would seem as if the day of AI is here. Not so fast though, says one expert on data and AI technology.

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In an interview with Hedge Fund Alpha, Gus Sekhon of FINBOURNE Technology says asset managers...