The rise of AI obviously has impacted various industries, and the finance industry is among the ones that have been impacted the most. For example, the public launch of models like GPT-3.5 last year has increased interest in utilizing AI to help increase fund managers' abilities in analysis, risk management, and decision-making. Thus, AI tools are implemented to make market assessments more accurate and manage risks more effectively.
Portfolio managers are expected to make a clearer assessment of the market movements, narrow down on appropriate investment choices, and manage risks when they apply machine learning algorithms, natural language processing, and artificial intelligence tools in their trading.
Source: News Formal (newsformal.com)
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