12.06.23

BlackRock To Roll Out First Generative AI Tools to Clients Next Month

by: Brooke Masters

BlackRock announced plans to roll out generative artificial intelligence (GenAI) tools to clients in January to boost productivity. The asset manager said in a memo to staff that it has used generative AI to construct a “co-pilot” for its Aladdin and eFront risk management systems. Clients will be able to use BlackRock’s large language model technology to help them extract information from Aladdin. “GenAI will change how people interact with technology," the memo stated. "It will improve our productivity and enhance the great work we are already doing. GenAI will also likely change our clients’ expectations around the frequency, timeliness and simplicity of our interactions.”

Read the full article on Financial Times