Standard Life Aberdeen has turned to AI to help run a new investment fund with a goal of reaching $10b in assets. Using machine learning, the investment manager hopes that the AI will be able to effectively identify the shares in which it should invest. The firm is using an algorithm called “deep learning” to analyse data from its portfolio and make decisions about where to put their money.
Standard Life Aberdeen has turned to AI to help run a new investment fund with a goal of reaching $10b in assets. Using machine learning, the investment manager hopes that the AI will be able to effectively identify the shares in which it should invest. Standard Life Aberdeen will have no capacity to override the machine or make its investment decisions.