Waters Wavelength Ep. 331: Cresting Wave’s Bill Murphy
Bill Murphy, Blackstone’s former CTO, joins to discuss that much-discussed MIT study on AI projects failing and factors executives should consider as the technology continues to evolves.
Wei-Shen Wong, Asia editor, and Anthony Malakian, editor-in-chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.
To hear the full interview, listen in the player above, or you can click on the download button in the player above.
You can also listen to us on Spotify and Apple Podcasts.
Bill Murphy is back…yes!
Murphy is the managing partner at consultancy Cresting Wave. Prior to that, he served as Blackstone’s CTO from 2011 to 2020, and was Capital IQ’s founding CTO before that. He joins the Wavelength for the eighth time to talk about artificial intelligence and the challenges technologists face both managerially and technically. To listen to his previous appearances, click on the links below.
Episode 275: Getting the foundation right to leverage emerging technology
Episode 246: Innovation discovery
Episode 215: Innovation and technical debt
Episode 150: Blackstone’s cloud strategy
Episode 105: Blackstone’s new office, designed to house its innovation team
Episode 60: All about managing technical debt
Episode 22: The business vs technology debate, and what makes a good vs bad vendor pitch
Timestamps
0:00 – Tony and Shen discuss System of a Down and Gorillaz…naturally.
6:00 – Bill Murphy talks with Tony about that much-discussed MIT study on AI projects failing and factors executives should consider as the technology continues to evolves
Reference: “The GenAI Dievolvevide: State of AI in business 2025”
Contact Info:
As is the case with everything we do, we’d love to get some feedback from our listeners.
Wei-Shen Wong: + 852 3411 4758; wei-shen.wong@infopro-digital.com
Anthony Malakian: + 1 646 490 3973; anthony.malakian@infopro-digital.com
Past 10 episodes:
Episode 329: LLMs and the dead internet theory
Episode 328: FundGuard’s Lior Yogev
Episode 327: Standard Chartered’s Mo Rahim
Episode 326: Connectifi’s Nick Kolba
Episode 325: Octaura’s Brian Bejile
Episode 324: A philosophical conversation about AI
Episode 323: MarketAxess’s Chowdhury and Burke (plus some Cusip updates)
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
FactSet adds MarketAxess CP+ data, LSEG files dismissal, BNY’s new AI lab, and more
The Waters Cooler: Synthetic data for LLM training, DORA confusion, GenAI’s ‘blind spots,’ and our 9/11 remembrance in this week’s news roundup.
Chief investment officers persist with GenAI tools despite ‘blind spots’
Trading heads from JP Morgan, UBS, and M&G Investments explained why their firms were bullish on GenAI, even as “replicability and reproducibility” challenges persist.
Wall Street hesitates on synthetic data as AI push gathers steam
Deutsche Bank and JP Morgan have differing opinions on the use of synthetic data to train LLMs.
A Q&A with H2O’s tech chief on reducing GenAI noise
Timothée Consigny says the key to GenAI experimentation rests in leveraging the expertise of portfolio managers “to curate smaller and more relevant datasets.”
Etrading wins UK bond tape, R3 debuts new lab, TNS buys Radianz, and more
The Waters Cooler: The Swiss release an LLM, overnight trading strays further from reach, and the private markets frenzy continues in this week’s news roundup.
AI fails for many reasons but succeeds for few
Firms hoping to achieve ROI on their AI efforts must focus on data, partnerships, and scale—but a fundamental roadblock remains.
Waters Wavelength Ep. 330: AI hot takes
It’s Shen and Reb this week talking about AI and the landscape for fintech partnerships.
Is 2027 the new 24-hour trading target?
Slew of technical issues and dearth of SEC staff compound exchanges’ reluctance for round-the-clock equity trading.
