How well the learning machine manages your money

by time news

Artificial intelligence

The new technology has also arrived in the wealth management industry.

Frankfurt If money can be made with new technologies, then they usually establish themselves very quickly in the financial industry. However, the euphoria surrounding the ChatGPT software in particular and artificial intelligence (AI) in general has only just begun to reach asset managers.

Classic Asset managers and fintechs are experimenting with the new possibilities for faster and more intelligent data processing, in the most demanding cases with self-learning systems. But the results are very different.

While some funds have already had to close again, the “Tungsten Trycon AI Global Markets”, for example, achieved a return of 4.2 percent over the year – while the financial markets went down significantly. The Handelsblatt presents some of these strategies.

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