{"id":135721,"date":"2026-02-25T11:52:47","date_gmt":"2026-02-25T16:52:47","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/artificial-intelligence\/ai-mind-the-rhetoric-reality-gap\/"},"modified":"2026-03-10T15:46:39","modified_gmt":"2026-03-10T19:46:39","slug":"ai-mind-the-rhetoric-reality-gap","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/artificial-intelligence\/ai-mind-the-rhetoric-reality-gap\/","title":{"rendered":"AI: Mind the rhetoric\u2013reality gap"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a05f1797ae20'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">AI: Mind the rhetoric\u2013reality gap<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/artificial-intelligence\/\" rel=\"category tag\">\n                    Artificial Intelligence\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"2398\" height=\"1600\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"\" title=\"\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 2398w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 1536w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 2048w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/data-1.jpg 600w\" sizes=\"auto, (max-width: 2398px) 100vw, 2398px\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a05f17985b04'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">February 25, 2026<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Professional Services<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a05f1798831b'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a05f179897e9'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"none\">Artificial intelligence\u00a0(AI)\u00a0dominates\u00a0everything from corporate strategy to\u00a0conference\u00a0panels\u00a0and every major firm claims to be investing in\u00a0it.\u00a0But,\u00a0when you\u00a0look\u00a0beyond the\u00a0claims,\u00a0how much progress is really being made?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cAll the financial companies\u00a0that\u00a0I and my colleagues follow\u00a0say they\u2019re\u00a0using AI and\u00a0investing in AI,\u00a0but\u00a0spending\u00a0overall will\u00a0remain flat,\u00a0so I wanted to know where\u00a0they plan to cut,\u201d said\u202fKevin Ryan,\u00a0senior\u00a0insurance\u00a0analyst\u00a0at Bloomberg Intelligence,<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">introducing\u00a0new\u00a0research\u202fat\u00a0September\u2019s\u202f<\/span><i><span data-contrast=\"none\">Bloomberg Investment Management Summit<\/span><\/i><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Companies\u00a0generally\u00a0are\u00a0under pressure to show technological ambition, but\u00a0many\u00a0asset managers\u00a0are\u00a0cautious\u00a0when it comes to\u00a0investing in and\u00a0implementing\u00a0AI, with many\u00a0skeptical\u00a0of its near-term potential.<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a05f1798b14c'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-3\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div><hr class=\"bbg-separator bbg-separator-1\" style=\"height:1px;\" \/>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px;\">PRODUCT MENTIONS<\/span><\/strong><\/p>\n\n<\/div>\n\n<div\n  id=\"cta_6493896592527485181\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p left\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/products\/bloomberg-terminal\/?_gl=1*dylnuc*_gcl_aw*R0NMLjE3NjY1OTY5MDYuQ2p3S0NBaUF1NjdLQmhBa0Vpd0FZMGpBbFZIaVU1Q01OTDcxdTQ3X1d4VVVMdHoxYUhwQnZHcG9Bcno2M1RQRXlQbUNjUmtqRTEyZ05Sb0NLWFlRQXZEX0J3RQ..*_gcl_dc*R0NMLjE3NjY1OTY5MDYuQ2p3S0NBaUF1NjdLQmhBa0Vpd0FZMGpBbFZIaVU1Q01OTDcxdTQ3X1d4VVVMdHoxYUhwQnZHcG9Bcno2M1RQRXlQbUNjUmtqRTEyZ05Sb0NLWFlRQXZEX0J3RQ..*_gcl_au*MTc0MjUyNDU4Mi4xNzY1ODkxMTIy*_ga*MzEzMDk0ODc2LjE3NjU4OTExMjM.*_ga_NNP7N7T2TG*czE3Njk1NTAwODkkbzE5JGcxJHQxNzY5NTUyMjkxJGo1MiRsMCRoMA..\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"Bloomberg Terminal\"\n        >\n                      Bloomberg Terminal\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>\n<div\n  id=\"cta_1482815367709453065\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p left\">\n      <a\n        class=\"bbg-cta-link link\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/products\/data\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"Data Management\"\n        >\n                      Data Management\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><hr class=\"bbg-separator bbg-separator-1\" style=\"height:1px;\" \/>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-1\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"none\">To\u00a0better understand\u00a0their thinking, Bloomberg\u00a0Intelligence\u00a0(BI)\u00a0commissioned\u00a0the Asset Managers &amp; AI: BI Survey,\u00a0an independent study\u00a0of 100 CIOs and CTOs from the world\u2019s largest asset managers. Conducted in\u00a0the spring of\u00a02025,\u00a0the survey\u00a0asked\u00a0how close rhetoric comes to reality\u00a0when it comes to AI\u00a0spend.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The headline finding\u00a0was that\u00a0although\u00a0AI features prominently in\u00a0conversations,\u00a0it is not\u00a0yet\u00a0necessarily reflected in\u00a0spending\u00a0because expenditure\u00a0isn\u2019t\u00a0supported by evidence of\u00a0significantly\u00a0higher revenues.\u00a0But\u00a0that\u00a0doesn\u2019t\u00a0necessarily imply complacency,\u00a0more likely\u00a0a\u00a0cautious approach\u00a0and a\u00a0healthy dose\u00a0of realism.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a05f1798ed07'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Global Asset Managers 2026 Outlook<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Access the latest report now<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_7954941462208130970\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/explore\/global-asset-managers-2026-outlook\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a05f17995af6'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><span class=\"TextRun SCXW203114948 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW203114948 BCX0\">Caution on tech spend<\/span><\/span><span class=\"EOP SCXW203114948 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"none\">According to survey results, around\u202f70% of firms\u202fspend less than\u202f10% of\u00a0their\u00a0operating expenses\u202fon technology, while for\u00a0three-in-ten respondents\u00a0that figure\u00a0is between 10% and 20%.\u00a0<\/span><span data-contrast=\"none\">In<\/span><span data-contrast=\"none\">\u202f<\/span><span data-contrast=\"none\">EMEA,<\/span><span data-contrast=\"none\">\u202f<\/span><span data-contrast=\"none\">67% of IT budgets<\/span><span data-contrast=\"none\">\u202f<\/span><span data-contrast=\"none\">go towards\u202fmaintaining\u202fexisting\u00a0tech, leaving limited headroom for innovation\u202fprojects.\u202f<\/span><span data-contrast=\"none\">New investment flows\u00a0mainly into\u202fcloud computing\u202fand\u202fdata\u00a0analytics,\u00a0areas considered proven and\u00a0regulator-friendly.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cMost of the budget goes on maintaining legacy systems,\u201d said\u00a0Ryan. \u201cYou can\u2019t buy a new bit of software\u00a0if it doesn\u2019t segue with what you\u2019ve already got\u00a0\u2013 that would be a waste of money \u2013 and if you\u2019re pushing two bits of software together, then there\u2019s a process involved.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Budget outlooks suggest limited change in the near term.\u00a0The survey\u00a0indicates\u00a0that just over half (54%) of respondents expect technology spending to rise by less than 5%\u00a0in the\u00a0next year. Only\u202f4%\u202fplan increases north of\u00a010% \u2013\u00a0and none of these were based in Europe.\u00a0Asked about their motivations for tech spending, respondents\u2019 top answer was upgrading the business, followed by\u00a0optimizing\u00a0costs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">However, asked about\u00a0the\u00a0cost impact\u00a0of AI, most respondents express modest expectations.\u00a0Roughly three-quarters\u00a0say\u00a0it\u00a0will\u00a0integrate gradually into existing processes without a major effect on spending.\u00a0A surprisingly\u00a0low number, just\u202f5%,\u202fbelieve it will materially reduce expenses within three\u00a0to\u00a0five years.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Ryan said:\u00a0\u201cGiven the\u00a0challenging operating environment, the focus is going to be on cutting costs because revenue gains are hard\u00a0to come by\u2026it&#8217;s really\u00a0all\u00a0about trying to get value for money.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Ryan\u00a0noted\u00a0that figures\u00a0likely\u00a0reflect\u00a0practical circumstances on the ground,\u00a0not\u00a0an\u00a0ideological\u00a0resistance to change.\u00a0Questions\u00a0to answer\u00a0first\u00a0involve\u00a0where the money for any AI\u00a0spending\u00a0will\u00a0come from\u00a0and\u00a0the safety of\u00a0such investments in highly regulated environments.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 24px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><strong>Why the gap? Risk, regulation, cultural inertia<\/strong><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"none\">Asset managers are custodians of client capital and\u00a0operate\u00a0under strict fiduciary duty. Deploying probabilistic or opaque models into investment decisions raises\u00a0difficult questions\u00a0about explainability and accountability. Until standards for model governance and transparency improve,\u00a0it\u2019s\u00a0natural to want to wait rather than lead.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cThere is a significant compliance issue with deploying AI in some parts of your business, and that needs careful consideration,\u201d said Ryan. \u201cThe asset management industry is\u00a0well placed\u00a0to benefit by not getting sucked into spending a lot of money on something that\u00a0might not do too much good.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Even so, there are\u00a0signs of\u00a0change.\u00a0Asset managers\u00a0report\u00a0using AI to\u00a0summarize\u00a0research, detect sentiment in analyst commentary and test investment hypotheses\u00a0(<\/span><a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/how-is-investment-research-transformed-by-ai\/\"><span data-contrast=\"none\">Bloomberg<\/span><\/a><span data-contrast=\"none\">). These initiatives\u00a0are primarily\u00a0experiments, but they\u00a0hint at\u00a0a\u00a0shift\u00a0to come.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In coming years,\u00a0as AI tools become more transparent and governance\u00a0in this area\u00a0develops into something\u00a0more\u00a0comprehensive and\u00a0robust, the industry\u2019s comfort level\u00a0will\u00a0likely\u00a0adjust\u00a0in kind.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 24px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><strong>What happens if asset managers ignore AI?<\/strong><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span data-contrast=\"none\">For firms on the sidelines, the consequences may not be immediate,\u00a0but\u00a0long-term\u00a0lagging\u00a0is\u00a0possible.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Over the next decade,\u00a0AI\u00a0should\u00a0change\u00a0what efficiency,\u00a0analysis\u00a0and client service look like\u00a0to asset managers.\u00a0One view among market participants\u00a0is that\u00a0early experimentation may offer optionality if\u00a0tech\u00a0and regulatory landscapes\u00a0mature,\u00a0with the trade-off of costs and\u00a0actual\u00a0execution.\u00a0Wait and see is\u00a0a viable\u00a0strategy, but it\u00a0might\u00a0come with\u00a0longer-term\u00a0risks.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Regardless of\u00a0whether\u00a0AI\u00a0turns out to be\u00a0the industry\u2019s\u00a0panacea, there\u00a0could also be implications for\u00a0talent\u00a0acquisition and\u00a0retention\u00a0down the line.\u00a0Sought-after technologists and data scientists increasingly want to work where AI is a priority.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">And, on the client side,\u00a0some\u00a0investors\u00a0are\u00a0preferring\u00a0faster, more interactive information\u00a0delivery\u00a0(<\/span><a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/investors-to-streamline-alphagenerating-research-with-bloombergs-latest-ai-offering\"><span data-contrast=\"none\">Bloomberg<\/span><\/a><span data-contrast=\"none\">)\u00a0\u2013 something AI does well.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">But\u00a0weighed against all this, for respondents to the survey, is the upfront expense of AI deployment and doubts about its ability\u00a0to boost profits.\u00a0\u201cAI isn&#8217;t that helpful in a cost-cutting\u00a0environment and doesn&#8217;t necessarily,\u00a0right now,\u00a0help\u00a0optimize\u00a0performance,\u201d said Ryan.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In\u00a0a previous\u00a0Bloomberg\u00a0global banking survey,\u00a0published\u00a0in November 2024, 60% of\u00a0respondents said they would cut headcount within\u00a0three\u00a0to\u00a0five years, with 24% saying\u00a0they expected between a 5% and 10% reduction. But in the Asset Managers &amp; AI: BI Survey,\u00a0only 10% of asset managers answered the question\u00a0at all\u00a0(many citing privacy concerns). Of those that did, half believed AI impact would increase, not reduce,\u00a0employment.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In the meantime,\u00a0however,\u00a0some\u00a0competitors are\u00a0making\u00a0moves. Banks,\u00a0fintechs\u00a0and tech-forward asset managers are embedding AI across risk management,\u00a0client engagement\u00a0and even trading.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">That\u00a0doesn\u2019t\u00a0mean firms should rush headlong into untested tools: \u201cWill the asset management industry get left behind? Not if\u00a0everybody\u2019s\u00a0doing the same thing,\u201d said Ryan. \u201cThere\u2019s no outlier\u00a0or\u00a0big spender saying\u00a0that\u00a0this is the one thing that&#8217;s going to change our jobs and make everything\u00a0rosy\u00a0in the garden.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 24px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><strong>The case for AI <\/strong><strong>confidence<\/strong><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span class=\"TextRun SCXW267432806 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW267432806 BCX0\">Across markets,<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">AI is moving from theory to a<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">doption and from adoption to a<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">pplication. Firms are gradually finding where it adds value. Progress is incremental, but progress\u00a0<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">is happening<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">\u00a0all the same, a<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">nd as confidence grows, th<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">e<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">\u00a0gap between talk and action\u00a0<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">is\u00a0<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">beginning\u00a0<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">to<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">narrow<\/span><span class=\"NormalTextRun SCXW267432806 BCX0\">.<\/span><\/span><span class=\"EOP SCXW267432806 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    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Explore why spending often lags the rhetoric, what CIOs and CTOs really expect from AI today, and how risk, regulation and budget pressures are shaping a more cautious path to adoption.<\/p>\n","protected":false},"author":2062,"featured_media":40454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-article.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"3715","footnotes":""},"categories":[3715,453],"tags":[603,550,3849],"series":[],"class_list":["post-135721","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence","category-markets","tag-ai-machine-learning","tag-buy-side","tag-buyside_2026","type-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI: Mind the rhetoric\u2013reality gap | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"Is AI living up to the hype in asset management? 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