"Hedge funds have always been quick to adapt to the latest technology, building machine learning and AI capabilities for years due to the industryâs ultracompetitive nature."
"Umesh Subramanian, Citadel's CTO, emphasizes AI's role in enhancing human leverage: 'AI gives us more capability to digest large volumes of information effectively in our workflows.'"
At the Milken conference, executives discussed the evolving role of AI in hedge funds, noting its potential to enhance human capabilities in data analysis and decision-making. Umesh Subramanian from Citadel highlighted AI's application in discretionary investing, helping analysts manage vast amounts of information. WorldQuant's Andreas Kreuz talked about using AI to integrate diverse data formats into their models. However, all executives acknowledged the importance of training staff to use these tools responsibly, cautioning against potential misuse of technology.
Read at Business Insider
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