Big funds muzzle their AI machines

Fears over interpretability, crowding and overfitting have put a damper on efforts to unleash AI for asset management

Data-science wizardry now permeates every niche of Wall Street, and the prospect of autonomous machines is now tantalisingly imaginable. Google’s director of engineering and artificial intelligence (AI) oracle Ray Kurzweil has prophesied that computers will achieve human intelligence by 2029 and surpass it by 2045, a passage referred to as ‘the singularity’.

Yet despite the Street’s very real and expensive romance with tech, the big asset managers who oversee trillions are guarded. The idea

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: