Hedge Funds

Hedge funds open door to AI despite banks rolling back

A fifth of hedge fund managers believe AI will disrupt portfolio management

Some banks banned ChatGPT, but poll suggests hedge funds want to press ahead
Some banks banned ChatGPT, but poll suggests hedge funds want to press ahead Photo: Getty Images

Hedge funds are rapidly adopting artificial intelligence, and are not scared of letting their staff loose with new tools.

Some 86% of hedge funds have allowed their staff to use some form of generative AI, according to a report from the Alternative Investment Management Association.

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