AI Reshapes Finance: From Regulated Institutions to Agle Hedge Funds
Forbes – September 23, 2024
Barry Libert, Contributor
Artificial Intelligence (AI) is transforming the financial industry, offering new ways to analyze data, make decisions, and automate processes. From the highly regulated world of traditional banking to the more flexible and experimental world of hedge funds, AI is enhancing efficiency, managing risks, and driving innovation.
Historical Context of AI in Finance
AI and machine learning (ML) has a long history in the financial sector, with their roots dating as far back as the 80’s when banks and insurers began using AI to develop personalized financial plans for customers and to fight fraud. Early AI systems, though basic and rule-based, evolved into sophisticated models capable of predictive analytics and automated trading.
