The integration of artificial intelligence into company practices will be crucial for the survival of asset management firms over the coming decade, Allianz Global Investors CIO Virginie Maisonneuve has said.
With AI standing as one of the most talked about topics in markets this year, as Nvidia surpassed a $1trn valuation and ChatGPT stirred debates on the future of human-led jobs, Maisonneuve explained to Investment Week the importance of AI integration. Firms only focusing on the potential workforce effects of AI are missing the larger impact it will have on the asset management industry, she added, noting that the winners of the next 15 years will be those asset managers that incorporate artificial intelligence into their processes. She argued that while a lot of people "talk about pro...
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