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XPS survey finds most fund managers use 'some form of AI' to bolster business efficiency
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According to the XPS Group's The impact of AI on asset management December survey, which gathered responses from 76 investment managers responsible for a total of £34trn assets under management, half of the respondents (50%) apply generative AI to boost business processes. Meanwhile, 22% of 'traditional AI' users noted they are in the process of developing a way to implement generative AI to improve internal efficiency, while 7% said they make no use of AI currently, but are developing traditional AI tools for that purpose. However, 12% of the fund managers surveyed said they use no A...
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