08.29.24

Generative AI Too Hot To Handle for Investment Firms

by: Leo Almazora

A recent survey from the CFA Institute shows investment firms still have mixed feelings about artificial intelligence (AI). The survey, conducted in February, sought input from 200 representatives across investment firms managing assets ranging from under $5 billion to over $100 billion, finding that 85% believe that standardized ethical guidelines for AI and GenAI are essential. About 68% of respondents reported a sense of curiosity among their workforce, while 60% detected anxiety and 48% said their firms were resistant to the technology.

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