Bank and asset manager execs say the pressure is on to build AI tools. They also say getting the data right is crucial, but not everyone appreciates that.
The IMD Wrap: In 2021, Reddit was thrust into the spotlight when day traders used the site to squeeze hedge funds. Now, for Intercontinental Exchange, it is the new it-girl of alternative data.
Since 2023, Bloomberg has unveiled its internal LLM, BloombergGPT, and added an array of AI-powered tools to the Terminal. As banks and asset managers explore generative and agentic AI, what lessons can be learned from a massive tech and data provider?
The IMD Wrap: Bank execs are still bullish on AI, but recent studies suggest it’s not the panacea they’re making it out to be. Can the two views be rectified?
Julie Gerdeman, head of BNY’s data and analytics team, explains how the bank’s new operating model allows for quicker AI experimentation and development.
19 Feb 2026
