News From Press Lessons from finance’s experience with artificial intelligence

Lessons from finance’s experience with artificial intelligence

Source: Economist/Mint May 19, 2023

Who are the earliest adopters of new technologies? Cutting-edge stuff tends to be expensive, meaning the answer is often the extremely rich. Early adopters also tend to be incentivised by cut-throat competition to look beyond the status quo. As such, there may be no group more likely to pick up new tools than the uber-rich and hyper-competitive hedge-fund industry.

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