How Gen AI will change asset management

THERE is little doubt that generative artificial intelligence (AI) is a massively disruptive innovation that will bring both job destruction and enhancement. The balance between the two is now a hot topic where asset management increasingly finds itself, albeit unwittingly, serving as a “natural experiment”.

How the generative AI revolution, or Gen AI, is being deployed in the industry shines a spotlight not only on the job debate but also on broader organisational and regulatory issues that will impact the rest of finance, health, and well beyond.

One of the most striking aspects of the Gen AI revolution, is that it is just getting started. Its main drivers — computing power, data, talent and funding — are compounding at a scale and speed that will accentuate its disruptive forces. No wonder it has risen to the top of the agenda of chief executives in an ever-increasing number of companies and sectors.