Large language models: Another AI wave has come—what could it bring?

Since the release of ChatGPT, excitement and hype have been abundant across industries for this form of generative AI. For capital markets, the wave of innovation that could result may be a few years away but it’s worth paying attention to—and being critical of.

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Steve Rubinow is no stranger to evolution in technology. He oversaw the changing landscape of exchange technology at the New York Stock Exchange as its chief innovation and technology officer in the 2000s and 2010s. He saw the boom up close and personal when he made the jump from a job at Fidelity Investments to get in on the ground level of Silicon Valley’s meteoric rise. Most importantly, he’s seen the potential in artificial intelligence technology before.

“We’re in that mode, again

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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