As costs rise, buy-side CIOs urge caution on AI
Conference attendees encouraged asset managers to tread carefully when looking to deploy AI-driven solutions, citing high cost pressures.
On Wednesday morning at the Convene Sancroft, a venue flanked by St. Paul’s Cathedral and the London Stock Exchange, technology experts coolly calculated the costs of moving with the times.
Sonja Laud, global chief investment officer at Legal & General Investment Management, explained to a packed room at Morningstar’s UK Investment Conference that the asset management industry is currently under great financial pressures, and that implementations of artificial intelligence would add to them
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