Asset Management

Abrdn to launch AI tool with Edinburgh University

FTSE 250 asset manager begins work with academics on using the technology for investment research

Tuesday 2 July 2024 at 23:00

‘Statistical brain’ set to bolster investment processes
‘Statistical brain’ set to bolster investment processes Photo: Jose Sarmento Matos/Getty Images

Abrdn, the UK-listed fund management group, is working with the University of Edinburgh to develop a generative AI tool with a “statistical brain” to work alongside its investment research team.

Researchers from the Scottish university’s schools of informatics and maths are exploring how large language models can be adapted and enhanced to “synthesise the huge amount of data needed to make investment decisions”.