Quants With $23 Trillion See AI Takeover Even as They Hold Back
- Tech expected to become as important as traditional analysis
- Less than 10% of systematic players use AI extensively for now
A worker dusts a Bespoke Jet AI vacuum cleaner at the IFA trade fair in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The financial world’s computer-loving crowd is preparing for the dawn of a new AI-powered era — but that doesn’t mean they’re ready to fully embrace the technology just yet.
In an Invesco survey of systematic investors with $22.5 trillion under management, 62% said artificial intelligence is going to be just as important as traditional analysis in a decade’s time, while 13% reckoned it will be even more significant.